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Sunday, April 6, 2025
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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...

Vietnamese Companies Invest Over 5 Billion USD in Laos

Vietnamese businesses have found much success in Laos primarily due to excellent commercial opportunities, market scale and operation quality in the landlocked nation. According to the Ministry of Planning and Investment,...

Feasibility Study Says Laos-Vietnam Railway Doable

Two years ago, Lao, Vietnamese and Korean experts and officials met in the capital of Laos to commence a study on the feasibility of...

Launch of the Nakai Plateau Livestock, Agriculture and Fisheries project

The French Agency for Development (AFD), the Nam Theun 2 Power Company (NTPC), the Khammouane Provincial Government, and the Ministry of Agriculture and Forestry...

Thai Border to Collect Toll from all Foreign Vehicles

Foreign vehicles entering Thailand by way of border will be expected to pay an ‘Asean road toll’ fee that the country plans to implement...

Laos Urban Expansion a Cause For Concern

With Laos being one of the primary countries set on a fast track towards urbanization, experts have raised concerns over the common challenges that...

China Invests in Vientiane-Vang Vieng Expressway

During a two-day visit to Laos by Chinese President Xi Jinping on November 13-14, an agreement was signed by officials from both countries to...