19.9 C
Vientiane
Sunday, November 16, 2025
spot_img

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...

Lao Students Head to Japan for Sports, Sustainability Exchange

A delegation of nine Lao high school students and one supervisor are headed to Tokyo and Fukushima, Japan to participate in the ASEAN-Japan Sports...

Lao Durian Sector to Focus on Export Growth to China

On 24 October, government officials, agricultural experts, and representatives from the private sector gathered to discuss enhancing the Lao durian sector for export to...

Japan Supports School Improvements in Bokeo to Reduce Dropout Rates

The Government of Japan has awarded a grant of USD 107,000 to improve schools in Bokeo Province, Laos, with the goal of reducing student...

Vientiane Special Economic Zones Attract Over USD 622 Million in Investment in First Nine Months of 2024

During the first nine months of 2024, Vientiane’s five special economic zones (SEZs) attracted investments from 39 new domestic and foreign companies, totaling USD...

Vang Vieng Tourist Numbers Increases Amid Infrastructure Upgrade

As of October, Vang Vieng has welcomed over 900,000 tourists, exceeding its target of 800,000. This includes more than 400,000 foreign visitors, according to...

Food From Russia Feeds School Children in Flood-Impacted Areas

Russian Ambassador Vladimir Kalinin handed over 47 metric tons of cooking oil to the Ministry of Education and Sports at the United Nations World...