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PM Urges Agriculture Officials to Realise Country’s Potential

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Prime Minister Thongloun Sisoulith has called on the agriculture and forestry sector to act in the interests of the country by providing green and clean food to the nation and the global market.

The prime minister made the call yesterday when addressing the sector’s annual meeting.

The sizeable rice harvest …

Fewer Businesses Opening in Laos

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The number of entrepreneurs opening businesses in Laos declined by 13 percent over the past 10 months of this fiscal year compared to the same period last year.

According to a recent government report, the number of registered businesses reached 1,666 units from October 2016 to May 2016 with registered …

Indochina Bank Sees Customer Increase

Indochina Bank Customer Increase

The number of VIP customers holding accounts at the Indochina Bank has seen a rapid increase this year. A bank executive revealed the figure at the annual VIP Appreciation Dinner last week, saying that from about 100 VIP customers in 2009, the number has now soared to more than 1,200 …

Residents Await Laos-China Railway Compensation Payments

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Preliminary counts have been completed in the provinces through which the Laos-China railway will pass, to pave the way for compensation to be paid to the affected villagers and residents who will be relocated.

However affected residents in the provinces through which the railway will pass, and particularly the owners …

Laos-Thailand Railway Link Set for Expansion Next Year

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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 …

Switzerland Gives Further Boost to Poverty Reduction Fund

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Switzerland has agreed to contribute US$18 million to help Laos reduce poverty and achieve the targets set in the National Socio-Economic Plan.

A grant agreement for the funding was signed recently by the Director of Cooperation for the Mekong Region of the Swiss Agency for Development and Cooperation (SDC), Mr …

Govt to Get Tougher on Regulation of Investment Projects

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The Ministry of Planning and Investment has issued an instruction that will more closely regulate government-funded investment projects from the start of work until completion.

The instruction, which was issued on December 19, relates to the implementation of the National Socio-Economic Development Plan over the next year.

The ruling requires …

WB Helps Laos to Upgrade Rural Roads

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The World Bank’s Board of Executive Directors is providing US$25 million credit for Laos to strengthen its road maintenance systems and improve road connectivity throughout the country.

The credit comes from the International Development Association (IDA), according to a report published on the World Bank’s Board of Executive Directors’ website …

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