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IFC to Develop Credit System in Laos

Credit System in Laos

The International Finance Corporation, the financial arm of the World Bank Group, is in talks with the Bank of the Lao PDR (BOL) to reform the credit system in Laos.

The reform is part of broader efforts to improve the country’s financial infrastructure and facilitate lending for smaller businesses,

Attapeu International Airport Shuts Down

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After flights between Vientiane-Attapeu ceased since October 2016, the Attapeu airport has been temporarily shut down.

Passenger numbers were continually low, and flights were infrequent, with only 139,600 people living in Attapeu Province.

Authorities of Attapeu province revealed that Lao Airlines decided to stop offering flights from Vientiane to Attapeu …

LAOS: Electricity Facts

Electricity Facts Laos

Certain members of the foreign media have hailed Laos as the “battery of Southeast Asia,” with one of the nation’s economic development strategies centered on the export of electricity to Thailand and other neighboring countries.

With 42 power plants now operational, the country is poised to realize its electricity ambitions. With …

Regional Transport Infrastructure Remains Challenged

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Despite limited funding, Laos has been doing its best to develop and improve most of the regional transport infrastructure that passes through the country.

This was the message delivered by Deputy Minister of Public Works and Transport, Dr Santisouk Simmalavong, when speaking at the third session of the United Nations …

Army Stationed to Remove UXO for Laos-China Railway

Laos-China Railway Uxo Clearance

Soldiers from the Lao People’s Army have been deployed to clear unexploded ordnance (UXO) along the route earmarked for the Laos-China railway so that construction of the track can begin.

An official ceremony to launch the deployment of the UXO clearance teams took place on Wednesday at the Ministry of …

Laos-Vietnam Oil Pipeline Project Expected to Go Ahead

laos-vietnam-oil-pipeline

The Laos-Vietnam oil pipeline project is an ambitious plan to import diesel and petrol fuels to Laos from Vietnam by way of a 306km pipeline.

The project will involve construction of two pipelines, as well as pumping stations and warehouses. A bonded warehouse in Hon La Harbor, Vietnam, will store …

Vientiane Capital Expects 11 Percent Economic Growth

vientiane-capital-economic-growth

Authorities of Vientiane Capital are hoping to see economic growth of 11 percent this year, with an expected GDP increase of 41.6 trillion kip.

The annual average per capita income for residents of Vientiane Capital is also expected to reach US$5,000.

Industry is expected to grow by 47 percent of …

Vegetable Prices Increased over New Year

Lao vegetable prices

Vegetable prices rose over the new year holiday period, while the market price of meat remained steady.

Each new year, the prices of vegetables including onions, mint, coriander, tomatoes, morning glory, Chinese cabbage, and lettuce tend to increase due to a shortage in supply.

Although a request has been made …