Public debt of Laos predicted to increase amid COVID-19 World

Public debt of Laos predicted to increase amid COVID-19

The public debt of Laos may increase to as much as 65 to 68 percent of its gross domestic product (GDP) in 2020 following a sharp fall in national revenue collection alongside an increase in loans due to the COVID-19 pandemic, Vientiane Times reported.
Pollution hotspots need much stricter control Environment

Pollution hotspots need much stricter control

Fewer new pollution hotspots have been found in Vietnam in the past few years, but vigilance is needed to control potential risks, the Ministry of Natural Resources and Environment’s Vietnam Environment Administration has said.
Vietnam records surplus in trade with Canada Business

Vietnam records surplus in trade with Canada

Trade between Vietnam and Canada in 2018 is estimated at 6.36 billion CAD (4.6 billion USD), up 4.2 percent from the previous year, with the Southeast Asian nation recording a surplus of some 4.34 billion CAD.
Gov’t targets five ineffective projects Business

Gov’t targets five ineffective projects

The Government has asked the Ministry of Industry and Trade to take prompt action on five ineffective investment projects, to ensure maximum protection of the State’s capital and assets.
Society

Dong Nai province shifts to green growth

The southern province of Dong Nai has been implementing a green growth strategy in recent years, which prioritises investment in environmentally-friendly industrial parks, a local official claims.
Acacia plays key role in environmental protection Environment

Acacia plays key role in environmental protection

Developing acacias for afforestation and the timber processing industry has a key role to play in realising national targets such as poverty alleviation and ecological protection, heard a conference opened in the imperial Thua Thien-Hue city on March 18.
Business

More investment needed for rural development

Although investment in agriculture and rural areas has improved remarkably in recent years, the number of projects and the volume of investment capital in this sector are still less than in other economic sectors.

According to the Foreign Investment Agency under the Ministry of Planning and Investment (MPI), in 2008, the agro-forestry-fisheries sector attracted 45 new projects with a combined investment of over 252 million USD; accounting for 3.8 percent of all projects and 0.42 percent of newly registered investment. The respective percentages for the first eight months of the year were 2.57 percent and 0.46 percent.