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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...

Crackdown on Corruption: Lao Officials Push for Severe Penalties

The government has lost significant sums of money to corruption, with the State Inspection Authority identifying development and investment projects, especially roads and bridges,...

Chinese Girl Sparks Debate After Entering Global Math Contest Finals

Jiang Ping, a 17-year-old student in China, has sparked debate on mathematics and education after she was shortlisted for the 2024 Alibaba Global Mathematics...

Laos, Vietnam to Launch Cross-Border QR Payment Service in August

Laos and Vietnam will launch a cross-border QR payment service to enhance tourism and economic exchanges between the two nations. The service is expected...

More Than 415,000 Lao Workers Abroad Affecting Domestic Labor Market

Over 415,000 Lao workers are currently employed abroad, exacerbating a labor shortage in the country, as highlighted by Baykham Khattiya, Minister of Labor and...

Laos Plans to Raise Minimum Government Salary by 2025

The Lao government has announced plans to increase the minimum salary of civil servants to between LAK 2 million and 2.2 million (USD 91.45...

Laos Sees Fourth Month of Trade Deficit, Lao Kip Hits Record Low

Laos experienced four consecutive months of trade deficits from January to April this year. This situation has been exacerbated by rising inflation rates, leading...