31 C
Vientiane
Sunday, April 6, 2025
spot_img

Economy

Bank of Laos Reduces Transfer Fees on Foreign Currency Deposit Accounts

On 3 April, the Bank of Laos (BOL) made a new announcement, mandating that transfers between foreign currency deposit account holders will incur a fee of 0.3 percent, with charges ranging from USD 1 to USD 30 per transaction. This new regulation is set to become effective on 5...

Social Media Users Question Government Report Claiming Poverty Eradication in Vientiane

A recent government report claiming that 99.43 percent of families in Vientiane Capital have...

Laos Sets Ambitious Targets for Energy, Mining Sector

Lao Prime Minister Sonexay Siphandone has outlined a vision for the energy and mining...

Vientiane to Get Real-Time Bus Tracking with ViaBus

The Lao government is teaming up with Thailand to introduce ViaBus, a real-time bus...

Lao Business Forum Highlights Progress, Challenges, Path Forward for Private Sector Development

At the 16th Lao Business Forum, held at the Don Chan Palace in Vientiane...

Mongolia to provide Sheep to Lao People’s Army

The Mongolian government has agreed to provide 1,000 sheep to the Lao People's Army battalion in Xieng Khouang Province. A meeting was held between Mongolian...

Minimum Wage Increase Planned for This Year

From 1991 to 2015, the minimum wage has increased a total of 7 times in Laos. According to the Department of Labor Regulation, an 8th change is set...

Euler Hermes: Growth Is Firm, But Fundamentals Remain Weak in Laos

Euler Hermes, an Allianz company, has released a brief country economic report on Laos. The following is an excerpt from the report: ECONOMIC OVERVIEW Solid growth...

Savannakhet Reaches Population of 1 Million

Savannakhet Province is now officially the province with the largest population in Laos, according to a report released by the provincial statistics bureau on...

Vang Vieng Expressway to be Extended to China

The Vientiane to Vang Vieng expressway is now to be extended to China, according to a recent announcement by Yunnan Construction Engineering Group. The first...

New Law to Ensure Fair Compensation for Relocated Populations

A new law will pave the way for fairer and faster compensation payouts for landowners that lose their property to development projects, according to...