23 C
Vientiane
Sunday, December 22, 2024
spot_img

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...

Xekong Coffee Growers Exasperated By Price Drop

Agricultural officials have soothed coffee growers enough in the southern province of Xekong before they began pulling their crops in favour of others due...

ASEAN and Indian Businesses Seek Ways to Promote Trade & Investment

The ASEAN India Business Council (AIBC), representing the voice of industry in India and ASEAN, met in Vientiane last week to consolidate the process...

The Rise, Fall and Possible Renewal of Boten

BOTEN, Laos — For five years, this remote town on the China-Laos border has lived in the shadow of more prosperous times. On the main street,...

Laos to Share Hydropower Development Expertise With Myanmar

A hydro-electric-powered energy revolution has been afoot in South-East Asia over recent years with the movement of fresh and fast-flowing waters increasingly fueling the...

Tough Times In the Laos Garment Industry

The Lao garment industry has been on the decline. The value of exports increased from US$87 million in 1995 to a peak of US$219...

China Gezhouba Group Signs Deal to Construct 35-MW Xelanong 2 Hydropower Project In Laos

The China Gezhouba Group Corp. has signed an agreement with the Laotian government to develop a 35 MW hydroelectric plant in Laos' southern Salavan...