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Town of Kaysone Phomvihane Officially Declared a City

Kaysone Phomvihane City

The town of Kaysone Phomvihane, capital of Savannakhet Province, has been officially declared a city after the government recently announced the upgrade of three provincial capitals to city status.

A ceremony was held on May 25 to announce the new status of Kaysone Phomvihane City, and to celebrate the one …

Fifth Lao-Thai Friendship Bridge Approved

The Lao and Thai governments have officially given the green light to the construction of the 5th Lao-Thai Friendship Bridge that will soon link Beung Kan Province in northeastern Thailand to Paksan, Bolikhamxay Province in Laos.

An anonymous source from the Ministry of Public Works and Transport (MPWT)) told local newspaper …

Fuel Prices Rise Again and May Rise Further

The retail price of fuel has just risen again as of Saturday (May 26).

According to a statement signed by the Minister of Industry and Commerce, petrol companies and gas stations across the country must now increase the retail price by 200 kip/liter for premium grade, 100 kip/liter for regular petrol, and 100 kip/liter for diesel.

In the capital …

Government Declares One-Dish Menu Items to Be Priced No More Than 15,000 Kip

The Ministry of Industry and Commerce has just announced that it will be implementing a new price control policy, in Vientiane Capital, on the following popular menu items in restaurants: pho, kao piek, kao pat, and kao latna.

The notice, dated 25 May, and signed by the DG …

Rising Fuel Prices Cause Inflation

The rising price of fuel has been identified as the culprit behind inflation in Laos, causing the government to take steps to address this economic risk.

According to the latest report from the Lao National Statistics Bureau, inflation has risen by 1.88%, due to the rising price of fuel, which apparently is the main force behind the rise in …

World Bank Supports Laos’ Agricultural Sector

The US$25 million Lao PDR Agriculture Competitiveness Project aims to help over 140,000 people by making the planting of rice, maize, and vegetables more productive and profitable. The agreement was signed on Thursday by the World Bank Country Manager Inguna Dobraja and Finance Vice Minister Thipphakone Chanthavongsa.

The project is intended to support 28,000 …

NERI: Lao Economy Needs Diversification

An economic update released last month by the National Economic Research Institute (NERI), a government body led by former Prime Minister Bouasone Bouphavanh, stated that the mining sector’s contribution to the country’s economy will continue to drop over the coming years as a lower output is predicted for this natural resource-based sector.

NERI did not identify the factors …

Dao Heuang Coffee to Penetrate Chinese Market

The Dao Heuang Group, one of the biggest producers of coffee in Laos, is expanding its overseas sales network to China, where coffee consumption has been increasing by 15-20% per year.

Dao Heuang and Kunming Kanglin Food Import and Export Trading Company reached an agreement on buying-selling and  dealership …