29 C
Vientiane
Saturday, November 15, 2025
spot_img

Economy

Laos Uncovers Widespread Corruption, Records Billions in Losses Over Five Years

Laos has uncovered widespread corruption cases nationwide over the past five years, identifying 334 individuals implicated in financial misconduct between 2021 and 2025, with total losses exceeding LAK 642.93 billion (nearly USD 30 million), alongside significant losses in multiple foreign currencies.  Khamphanh Phommathat, President of the State Inspection Authority (SIA),...

Lao State Fuel Company Set to Transform into Public–Private Joint Venture

The Lao government is moving to restructure the Lao State Fuel Company (LSFC) into...

EDL-Gen Signs an Agreement to Boost Floating Solar, Carbon Credit Initiatives

On 10 November, Électricité du Laos Generation Public Company (EDL-Gen) signed an agreement with...

National Assembly Calls for Action on Roads, Education, Agriculture

At the 10th Ordinary Session of the 9th National Assembly on 11 November, members...

Construction Begins on National Road No. 2W Upgrade Project Worth USD 10 Million

On 11 November, the Ministry of Public Works and Transport (MPWT) signed a contract...

Motorists Fed up with Broken Traffic Lights in Vientiane Capital

Motorists in Vientiane Capital have reported broken or malfunctioning traffic lights throughout the city's main districts. Some sets of traffic lights in Vientiane Capital have...

Cambodia Launches “My Second Home” Program to Encourage Foreign Investment

Cambodia has launched a program to encourage foreign investment that offers a ten-year visa and other benefits to those who invest in the country. Khmer...

MRC: Maximize Advantages and Minimize Impact of Hydropower Projects

The Mekong River Commission (MRC) has urged the six countries along the Mekong River to maximize the advantages of hydropower projects while minimizing their...

Laos Inflation Reaches 22-year High at 23.6 Percent

Year-on-year inflation in Laos increased to 23.6 percent in June, according to the latest statistics from the Lao Statistics Bureau. Vientiane Times reports that the...

Laos-Vietnam Railway Project to Link Vientiane with Thakhek

The Government of Laos has greenlit a feasibility study for a railway project that would link Vientiane Capital with Thakhek, in Khammouane Province. Lao Economic...

New Bank of Laos Governor: Mismanagement of Foreign Currency Rife

Newly-appointed Governor of the Bank of Laos, Mr. Bounleua Sinxayvoravong, addressed the National Assembly about the challenges and difficulties faced by the nation in...