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Saturday, November 15, 2025
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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...

Vehicle Registration in Vientiane Exceeds City’s Population

In Vientiane Capital, the number of registered vehicles has now surpassed the city's population, exacerbating traffic congestion, pollution, and safety concerns. According to Amphaivanh...

Laos Faces USD 154 Million Trade Deficit in July, Seventh Consecutive Month of Imbalance

Laos recorded a USD 154 million trade deficit in July, marking its seventh consecutive month of trade imbalances. According to the Trade Information Center...

From Clicks to Progress: Youth Digital Pathways for Sustainable Development

The Lao Youth Union (LYU) and the United Nations Population Fund (UNFPA) marked International Youth Day with an event that gathered 300 young people...

Laos Establishes Bullion Bank to Secure Gold Reserves, Stabilize Kip

The Ministry of Finance, has signed an agreement with PTL  Holding Co., Ltd. on 7 August to establish the Lao Bullion Bank to build...

Bank of Laos to Launch Centralized Forex Market

The Bank of Laos (BOL) and 15 commercial banks signed a Memorandum of Understanding (MOU) on 5 August to establish a centralized foreign exchange...

Study Reveals Water Insecurity Crisis in Rural Laos, Urges Improved Management Strategies

Despite Laos' abundant water resources, a recent research by the Faculty of Public Health at the University of Health Sciences has revealed critical issues...