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Friday, April 4, 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...

Laos to Balance Tourist Appeal, Hydropower Ambitions

Laos is at a crucial time in its economic development, navigating the balance between attracting visitors for Visit Laos Year 2024 and bolstering its...

A Blue Legacy for Children’s Rights: UNICEF Laos’ 50th Anniversary

It was 1973, and the peace agreement between the Royal Lao Government and the communist Pathet Lao marked the end of the Lao civil...

Officials Discuss Establishment of People’s Prosecutor’s Office in Golden Triangle SEZ

Officials from the Office of the Supreme People's Prosecutor convened on 5 January on the establishment of the People's Prosecutor's Office within the Golden...

Vietnam Commits to Enhancing Education Ties with Laos, Offers Scholarships

Vietnam is set to award 1200 scholarships to Lao students in 2024, Vietnamese Prime Minister Pham Minh Chinh announced during the 6th session of...

Thailand’s Aging Population Drives Lao Labor Market Across the Border

Thailand needs more workers, and the younger Lao population is all set to step in. As Thailand’s population gets older, new job opportunities emerge...

Laos’ SEZs Surge with Major Investments, Fueling Economic Growth Amid Lingering Concerns for Worker Safety

Laos experienced a slight economic upswing in 2023 as approximately 178 companies funneled investments into Special Economic Zones (SEZs) across the country, generating over...