Official Corruption Laos

Finance - Banking - MoneyLao Economy

Official Corruption A Great Concern; Vice President Says

Vice President Bounnhang Vorachit said recently that many Lao officials are violating the country’s laws and abusing their power of authority to embezzle state property, causing great loss to the nation.
The vice president highlighted that this issue needs to be urgently addressed in order to ensure the country’s development progress can move forwards in a quicker manner.
He said illegal logging and illegal mining excavation occurs with the involvement of state officials, leading to financial leaks and hindering national development. Mr Bounnhang noted that social problems are on rise in Laos including crimes and drug trafficking. Official corruption, extravagance and abuse of power remain issues of great concern in …..

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