The business environment is expected to improve dramatically in the coming years as the government intensifies action to better facilitate businessRead more
Some 1,285 people have been found to be involved in corrupt practices, defrauding the government of 999 billion kipRead more
PM Thongloun pushes back against warnings over infrastructure burdenRead more
Source: Vientiane Times Germany has pledged to increase assistance to Laos for the development of agriculture and the processing industry,Read more
Prime Minister Thongloun Sisoulith has approved a list of businesses that are subject to government control, while also stating that types of business not on the list would find it easier to operate.Read more
Lao Airlines welcomed a significant leadership change yesterday that comes as the government moves to transform the state-owned enterprise into a more efficient and competitive one.Read more
Shaken by a deadly dam collapse, Laos needs to reconsider its long-term strategyRead more
While giving a guidance talk at the 11th Lao Business Forum on Jul 5, Prime Minister Thongloun Sisoulith emphasized the importance of strengthening the business sector through the improvement of business-related laws and regulations adding that doing so could help achieve the national socio-economic development goals.Read more
Prime Minister Thongloun Sisoulith told the National Assembly on Friday that Laos is unable to graduate from the United Nations’ Least Developed Country (LDC) list by 2020 as targeted.Read more
The government has issued a new decree to strengthen collaboration between the Prime Minister’s Office and ministries, provinces, the capital and ministry-equivalent organisations.Read more
Construction of the 409-km Laos-China railway was 20.3 percent complete as of December 2017 after a whole year of operations, Lao authorities in charge said last week.
The US$5.986 billion project has a re-scheduled completion date of
Cambodia’s foreign affairs minister and his Laotian counterpart will hold a two-day meeting in Phnom Penh this week to draft a letter to France requesting detailed maps to resolve a border dispute that flared up last month.Read more
Lao Airlines has announced it will inaugurate direct flight to Japan’s Tokyo Narita International Airport soon to handle the growing need for air transport between the two countries.
The exact date for the inauguration and ticket prices are still unknown, but details will be ..
Prime Minister Thongloun Sisoulith has called on police officers to work harder to dramatically decrease crime and social ills including the illegal trade in drugs and goods.
The police were asked to focus on tackling issues such as road accidents, drug dealing and abuse, as well as illegal trade along borders and in …..
Prime Minister Thongloun Sisoulith on Tuesday handed in his BMW 7 Series, following up on a promise made by the country’s leaders that they will no longer drive expensive luxury vehicles in an attempt to exercise frugality.
President Bounnhang Vorachit, who is Secretary General of the Lao People’s Revolutionary Party, was also expected to give back his BMW 7 Series yesterday, an official at the ….
Public debt that has been accumulating for years to the present high level will be considerably lowered in five years’ time, Prime Minister Thongloun Sisoulith has said.
“Debt has been heavily accumulated over the past years. It will take us at least five years to allocate [funds for repayment] and overcome the debt,” he told a recent meeting in Vientiane, which gave instructions on ….
Phase II of the Laos-Thailand railway, which will see the line extended from the suburbs to central Vientiane, is set to resume after the project was suspended in 2011.
The line will be built over a distance of 7.5km to link the track from the outlying Thanalaeng railway station in Hadxaifong district to the inner city.
The extension will link Thanalaeng railway station on the …..
Prime Minister Thongloun Sisoulith says he wants to end the Lao government’s policy of bartering land for development, in a reversal of a long-term practice that has seen large swaths of the country go to foreign-backed investors.
“The business sector should not convince the governmental sector to create debts for the nation,” Thongloun told the Lao version of the chamber of commerce earlier this month. “In recent years, many big development projects, including ….
The government has instructed its anti-corruption body to work out necessary measures and carry out inspection to fight against corruption in all forms.
Chaired by Prime Minister Thongloun Sisoulith, the meeting entrusted a committee in charge of debt payment for state investment projects to draw up measures for debt payment so that ….
Prospects for the mining sector in Laos remain unclear as members of the national legislature mull a more interventionist approach to operators with relevant labor， taxation or environmental laws.
A National Assembly legislator said Monday that Prime Minister Thongloun Sisoulith is even considering a “halt to mining operations …..
The government’s proposal to revise the next four-year budget plan (2017-2020) will see the budget deficit increase to 4.39 percent of gross domestic product (GDP), up by 0.32 percent compared to the four-year plan approved earlier by the National Assembly (NA).
Deputy Prime Minister and Finance Minister Somdy Duangdy presented the proposed plan to the ….
A new economic order will emerge by 2030, with Southeast Asia taking on a central role, Laotian Prime Minister Thongloun Sisoulith told business leaders in his nation’s capital on Monday.
“Studies have shown that the ASEAN economy is expected to grow at 7% per annum, with a GDP reaching $4.7 trillion in 2020, and the possibility of becoming the fourth-largest economy in the world by 2030,” Thongloun said in his …..
The government has ordered some 1,154 family-unit furniture plants across the country to shut down their illegal operations, a government spokesman announced yesterday.
Additionally, more than 20 wood processing plants located in or near conservation and protected forests areas were also ordered to close down.
The order was approved at …..