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Tuesday, December 24, 2024
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Economy

Bamboo Concession Project to Boost Local Economy in Oudomxay Province.

On 20 December, Oudomxay Province signed a concession agreement with Ammata Lao Lanexang Co., Ltd., a private company, granting them the rights to utilize a total of 697 hectares of land in the province for bamboo concession projects. The agreement establishes the company’s operations in two main areas: The first area...

Vientiane Faces Higher School Dropout Rates in 2023-2024

Dropout rates in Vientiane Capital increased by approximately 13.3 percent during the 2023-2024 school...

Korea Funds Bridge, Road Safety Upgrades on National Road in Laos

On 19 December, the Korea International Cooperation Agency (KOICA) announced a grant of USD...

Vientiane Surpasses Poverty Reduction Target, 99.43% Progress Achieved

Almost the entirety of Vientiane’s population is now above the poverty line, according to...

State Budget Mismanagement Uncovered in Vientiane Capital

Laos is facing issues in managing its state budget, with billions of kip unaccounted...

World Bank Says War Shocks to Drag on Asian Economies in Coming Months

Disruptions to supplies of commodities, financial strains, and higher prices are among the impacts of the war in Ukraine that will slow economies in...

Laos to Approve More Than 300 New Mining Projects

Laos is considering the approval of 308 new mining investment projects across the country.  Deputy Ministry of Planning and Investment, Ms. Khamchanh Vongsenboun spoke during...

ADB: Laos Has Reformed Business Development, But More Needs To Be Done

Laos' regulatory environment for business development has improved, but more must be done to speed up the country's economic recovery. A new joint report by...

Feasibility Study Underway for Vientiane to Houaphanh Expressway

An expressway linking Vientiane Capital with Houaphanh Province is closer to reality after a feasibility study for the project was announced yesterday. A signing ceremony...

Laos Records USD 48 Million Trade Surplus in February

Laos posted a USD 48 million trade surplus in February 2022, with exports totaling USD 519 million and imports totaling USD 471 million. According to...

MRC Mekong Monitoring Stations Will Better Protect Downriver Denizens

The Mekong River Commission (MRC) on Friday unveiled the first water-level monitoring station to be positioned atop the Lower Mekong River Basin.  The station is...