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Wednesday, December 25, 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...

Workers Struggle to Survive on Low Minimum Wage

The Lao Federation of Trade Unions (LFTU) has urged businesses to pay a higher minimum wage. Vientiane Times reports that garment factories, in particular, were...

Government of Laos Opens Bidding for Electric Vehicle Purchase

The government of Laos has opened a bidding process to purchase over a hundred electric vehicles for Party and government leaders. A ceremony for the...

First Thai Durians Enter China via Laos-China Railway

Thai durians have been being shipped to China via the Laos-China Railway for the first time. Khaosod news reports that 40 tonnes of durian, along...

Laos-China Railway Suspends Vientiane-Luang Prabang Route Amid Omicron Outbreak

The Laos-China Railway has suspended some passenger train operations between Vientiane and Luang Prabang until 31 March. The company said in a statement on Saturday...

Locals Face Major Fuel Shortage in Luang Namtha

A major fuel shortage in Luang Namtha District yesterday saw just one petrol pump open as residents flocked to fill up. Residents of Luang Namtha...

Overview of Laos’ Economy in 2021 and Forecast for 2022

The Lao National Socio-Economic Research Institute has released a report on the state of the economy in Laos for 2021, as well as predicted...