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Sunday, November 16, 2025
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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...

Singapore to Trial Import of Electricity from Laos

Singapore is to trial the import of electricity from Laos via Thailand and Malaysia following an agreement between Keppel Electric and Electricite du Laos...

Students Face Difficulties with Online Learning in Vientiane Capital

Authorities in Vientiane Capital have admitted that many schools and students face difficulties accessing or using online learning facilities. KPL reports that low internet penetration...

Currency Exchange Businesses to Become Commercial Bank Representatives

Authorities in Laos have ordered currency exchange businesses to transition into representatives of commercial banks across the country. According to a notice issued by the...

Laos Sees Trade Deficit of USD 24 million in August

Laos recorded a trade deficit of USD 24 million in August, according to information from the Lao Trade Portal. LTP reports that exports from Laos...

Laos Authorizes Cryptocurrency Trial Program

The government of Laos has authorized six companies to trade and mine cryptocurrencies while relevant ministries are to draft regulations governing their use. According to...

Vang Vieng To Receive New Roads, Infrastructure Upgrade

Vang Vieng is to receive a USD 8 million upgrade to improve its infrastructure, according to the Vientiane Times. The tourist town will see new...