20 C
Vientiane
Thursday, February 6, 2025
spot_img

Economy

Laos to Introduce New Rules to Strengthen Lao Kip, Reduce Reliance on Foreign Currency

In an effort to stabilize the national economy and reduce reliance on foreign currencies, the Bank of Laos and the Lao government are set to implement new regulations aimed at strengthening the value of the Lao kip.  The Foreign Exchange Management Department of the Bank of Laos (BOL) hosted a...

Lao Government Calls for Boost in Agricultural Production in 2025

Prime Minister Sonexay Siphandone has called on the agriculture and forestry sectors to enhance...

Traditionally-crafted Bamboo Brooms Earn National Recognition

Broom-making is more than just a craft in Bokeo’s Kang village, it’s a long...

Vientiane Launches Sustainable Tourism Initiative with Innovative Technology for Growth

The Lao government has announced plans to boost tourism in Vientiane Capital with the...

Economic Crisis, Teacher Shortages Drive Rising School Dropout Rates Across Laos

Laos has seen high school dropout rates for several years, with Attapeu, Sekong, Savannakhet,...

NA Session Ends after Approving Laws, Financial Targets

The National Assembly (NA) has approved a GDP target of 600 trillion kip over the next four years, also setting the average economic growth...

Amended Investment Law Offers Tax Incentives, Shortens Concession Period

Amendments to the Investment Promotion Law offer more tax incentives and shorter investment concession periods in a bid to attract more investors while ensuring...

Laos is World’s Greenest Country

Among Asian countries, Laos has the highest percentage of forest area at 92.1 percent of the total area of the country. On the other...

Korean Companies Eye Trade Expansion in Laos

One-on-one business consultations were held between company representatives from the Republic of Korea and Lao buyers in Vientiane yesterday as part of efforts to...

Thailand Encourages a Dangerous Addiction to Debt in Laos

Laos is back in the Thai baht debt markets again, with issuance from the Republic coming just two months after the country’s government-owned utility...

Laos Set to Launch Fifth Bond Issue in Neighbouring Thailand

The Lao People's Democratic Republic will launch an offering of baht-denominated bonds in the Thai market this week to raise up to 11 billion...