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Laos, Vietnam strengthen rural development cooperation

The Lao Committee for Rural Development and Poverty Eradication and the Northwest Steering Committee Vietnam met yesterday in Vientiane to strengthen cooperation in various sectors. The meeting discussed continued cooperation between Laos and Vietnam in border and rural development along with poverty eradication efforts to improve living standards. Deputy Head of the Committee for Rural […]

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Laos, Malaysia reaffirm business cooperation

Laos and Malaysia plan to continue to promote economic cooperation after seeing the progress made in recent years. Malaysia’s investments have helped to improve the quality of life for Lao people, it was noted when economic experts from the two countries met in Vientiane last week. The Lao delegation was led by the Director of […]

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Laos: New law to promote, control technology transfer

The government has presented a draft Law on Technology Transfer to the National Assembly for approval with the hope that its promulgation will ensure coordinated management and systematic technology transfer throughout the country.  Minister of Science and Technology Prof. Dr Boviengkham Vongdara represented the drafting sub-committee in introducing the draft law to the Assembly at […]

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Heavy debt load in Laos

Twenty years since the 1997 Asian financial crisis, analysts are once again looking skeptically at potentially unsustainable debt piles in the region. Largely untouched by the ’97 collapse, Laos could get pulled into a new era of financial turmoil. An International Monetary Fund (IMF) report released this year said that the risk of “external debt distress” […]

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