Prime Minister Thongloun Sisoulith

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PM Thongloun Elected As Party Chief By XI Party Congress

Prime Minister Thongloun Sisoulith was elected on Friday as Secretary General of the Lao People’s Revolutionary Party Central Committee – the top post in the Party – replacing retiring Party leader Bounnhang Vorachit.

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BusinessCoronavirus / covid-19GovernmentHealthLao EconomyLatest News

PM Extends Restrictions For Virus Control, Some Eased To Minimise Economic Impact

The prime minister told the cabinet to remain tough in enforcing his Order No. 6 which imposes tougher prevention and control measures, and measures imposed by the relevant authorities.

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BusinessGovernmentInvestmentsLao Economy

PM Urges Strengthening Business Sector Through Law Improvement

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.

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Lao EconomyRules and Law

Lao Leaders Return Their Luxury Cars

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 ….

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Lao Economy

Debt To Be Reduced In Next Five Years, PM Says

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 ….

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Excursions - VenuesTransportation - Vehicles

Laos-Thailand Railway Link Set For Expansion Next Year

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 …..

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LandLao EconomyRules and Law

Lao Prime Minister Moves To Stop Land-for-Capital Deals

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 ….

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Lao Economy

Revised Govt Plan To See Bigger Budget Deficit

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 ….

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Lao Economy

PM Thongloun: ASEAN To Become World’s No. 4 Economy By 2030

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 …..

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