The Bank of the Lao PDR is set to further increase interest rate on Lao kip deposits from 10% to 10.5% per year to alleviate inflationary pressures currently affecting the economy, reported the Vientiane Times.
Police in Tonpheung district, Bokeo province of Laos, have found 8 million amphetamine pills stashed in a pick-up truck that was traveling through the district, the Vientiane Times reported on January 14.
The Lao government has threatened to slap huge fines on companies that breach mining regulations, in a move to tackle illicit activities that lead to budget and resource losses.
Laos has called on ASEAN nations and regional stakeholders to further strengthen cooperation to alleviate poverty and ensure food security in the region, reported the Vientiane Times on May 10.
ASEAN senior officials on July 5 and 6 joined a virtual conference on tourism, discussing ways to attract more visitors and ensure their health and safety as the COVID-19 pandemic virus continues to circulate.
The Lao People’s Revolutionary Party (LPRP)’s Central Committee has resolved to take action to urgently address economic difficulties, especially those relating to the fuel shortage, fluctuating currency exchange rates, and rising inflation.
Laos’s newspaper Vientiane Times on April 25 ran an article affirming that the country and Vietnam have built a rare model of solidarity in the world, which is an invaluable asset that the two nations have treasured and preserved.
The Government of the Republic of Korea (RoK) has provided walk-in testing booths and essential medical equipment worth 1 million USD for Laos in support of its fight against the COVID-19 pandemic, according to the Vientiane Times.
The Lao government has imposed the penalties on illegal foreign workers and businesses’ operators as an effort to ensure that expatriates in Laos comply with the law, Vientiane Times reported.
Lao Prime Minister Thongloun Sisoulith outlined six targets under the country’s Ninth Socio-economic Development Plan for 2021-2025 when addressing the ongoing 11th National Congress of the Lao People's Revolutionary Party (LPRP) in Vientiane on January 13, according to the Vientiane Times.
An elevated fiscal deficit will result in growing public debt, which will ramp up pressure on Laos' debt servicing capacity amid the COVID-19 crisis, the Vientiane Times reported on August 21.
A new secondary school has been recently inaugurated in Bounneua district in Laos’ Phongsaly province as a gift from the Vietnamese Government, the Vientiane Times reported on its July 3 issue.
Laos sold 6,457 MW of electricity abroad during 2016-2020, an increase of 145 percent over the previous five-year period, according to Xinhua news agency.
Officials from four southern provinces of Laos, central and southern provinces of Vietnam, and tourism-related businesses have gathered in Champassak province to discuss measures to draw more visitors to the two countries.
