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Saturday, April 5, 2025
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Socio-Economic Development

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...

Laos Sets Ambitious Targets for Energy, Mining Sector

Lao Prime Minister Sonexay Siphandone has outlined a vision for the energy and mining...

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...

ASEAN Unveils Guidelines for Agroecology Transitions

Member states of the Association of Southeast Asian Nations (ASEAN), in collaboration with key...

Australian Ambassador Pushes for Deeper Laos-Australia Economic Engagement

Australian Ambassador to Laos, Megan Jones, has called for stronger trade and investment ties...

Japan Supports School Improvements in Savannakhet and Oudomxay

The Government of Japan is providing grant assistance worth approximately USD 200,000 for two education projects in Savannakhet Province and Oudomxay Province for the...

Ministry of Health Vows to Improve Hospital Care and Service in Laos

The Ministry of Health has pledged to tackle the issue of inadequate hospital care and service in response to public demands for improvement at...

Could Technology Solve the Problem of Illegal Parking in Vientiane? 

Pedestrians in Vientiane Capital are routinely forced to walk into oncoming traffic as they navigate around vehicles parked on the footpath. Despite hundreds of...

Staff Shortage, High Production Costs Remain Key Obstacles To Lao Businesses

The Macroeconomics Research Institute (MRI) recently conducted a survey to identify the main obstacles businesses are facing in Laos. According to the survey results, the...

Australia Supports Laos With Highly Skilled Volunteers

A new Memorandum of Subsidiary Arrangement (MSA) under a broader agreement between Australia and Laos on development cooperation was signed by Australian Ambassador to...

Rampant Inflation Causes Households To Rethink Education

A recent survey shows that households in Laos are slashing expenses on education, health, and food due to skyrocketing inflation. Economists have raised concerns about...