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Vientiane
Sunday, December 22, 2024
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Economy

State Budget Mismanagement Uncovered in Vientiane Capital

Laos is facing issues in managing its state budget, with billions of kip unaccounted for, according to the Vientiane Capital People's Assembly on 19 December. President of Central Region Audit Office No.1, Khammone Bouaphanh revealed that LAK 4.77 billion (about USD 217,000) had not been transferred to the official state...

Rising Costs Prompt Market Reform Proposals

National Assembly Representative for Vientiane Capital, Valy Vethsaphong, has called on the Lao government...

Vientiane Economy Hits 5.85 Percent Growth, Beating Expectations

Vientiane Capital's economy grew by 5.85 percent, surpassing the National Assembly's initial target of...

Phout Simmalavong Receives Japan’s Order of the Rising Sun in Official Ceremony

On 18 December, Phout Simmalavong, Minister of Education and Sports and President of the...

Creative Economy Revolution: How ASEAN’s Youth are Leading the Charge

On 2 to 5 December, the Young Southeast Asian Leaders Initiative (YSEALI) Summit 2024...

Laos Hopes to Export Electricity to Singapore by 2020

Laos expects it will be able to export electricity to Singapore by 2020 as its officials are speeding up talks with the countries involved. Deputy...

Project Enhances Beef Production in Laos

Target villages in the main beef producing provinces of Xieng Khuang, Luang Prabang, Xayaboury and Savannakhet have received benefits from the ‘Development of a...

Boost Economic Development, PM Urges Authorities in Phongsaly

Prime Minister Thongloun Sisoulith has urged leading authorities in Phongsaly to pay attention to socio-economic development strategies in enhancing people’s livelihoods after visiting several...

Ministry Reduces Fuel Prices

Petrol stations across the country lowered the retail prices of petrol and diesel yesterday after the Ministry of Industry and Commerce issued an announcement...

Economist: Kip Strong, Not Overvalued

Even though the Lao kip is strong the currency is not overvalued, according to a leading local economist. Senior Economist of the National Economic Research...

New Study: Laos At Development Crossroads

A new study by the Economic Research Institute for Asean and East Asia has highlighted 2 serious challenges for the nation's industrial development while...