Laos’ public debt remains manageable: Minister World

Laos’ public debt remains manageable: Minister

Lao Finance Minister Bounchom Oubonpaseuth has assured National Assembly (NA) members that public debt is still manageable, despite the total amount remaining considerable, Vientiane Times reported.
MPI leader highlights principles for economic recovery solutions Politics

MPI leader highlights principles for economic recovery solutions

The building of economic recovery solutions will depend on the development of COVID-19, the progress of vaccination and the capacity of supplying COVID-19 treatment medicine when the country switches to the new normal situation, said Minister of Planning and Investment Nguyen Chi Dung.
Laos reveals public debt repayment plan World

Laos reveals public debt repayment plan

Laos will use revenue earned from potential mining operations, restructured state enterprises and from other as yet untapped sources to pay public debts amounting to almost 14 billion USD.
COVID-19 pandemic weighs on budget Business

COVID-19 pandemic weighs on budget

The COVID-19 pandemic will continue to weigh on socio-economic development and State budget in 2021 and the years that follow, Minister of Finance Dinh Tien Dung said.
ASEAN, US finance, central bank deputies’ meeting held ASEAN

ASEAN, US finance, central bank deputies’ meeting held

Deputy ministers of finance and deputy governors of central banks in ASEAN and the US gathered together at an online meeting on October 1, held as part of the ASEAN Finance Ministers and Central Bank Governors’ Meeting hosted by Vietnam.
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.
Thailand to launch 1-baht savings bonds World

Thailand to launch 1-baht savings bonds

Thailand is planning to sell 200 million THB (6.4 million USD) worth of savings bonds at an unprecedented face value of 1 THB each through the blockchain-based e-wallet system of Krungthai Bank (KTB).