Bilateral relations and cooperation between Laos and Brunei Darussalam have received a boost with the visit of Vice President Phankham Viphavanh to Brunei last week. Mr Phankham and his delegation, on behalf of President Bounnhang Vorachit, travelled to Brunei in response to an invitation from His Majesty Sultan Haji Hassanal Bolkiah of Brunei Darussalam. According […]
Read MoreLao authorities are gearing up to realise the planned bonded warehouses and pipeline project from Vietnam’s Hon La port to Laos’ Khammuan province as the countries’ leaders agreed to speed up implementation. Prime Minister Thongloun Sisoulith and his Vietnamese counterpart Nguyen Xuan Phuc agreed to accelerate the project during the Lao premier’s visit to Hanoi […]
Read MoreThe World Bank’s economists have advised the government to take concrete measures to ensure that spending is as effective as possible in order to control public debt, which has risen far above an appropriate level. This year, public debt reached 70.5 percent of the country’s Gross Domestic Product (GDP), up from the 68.1 percent recorded […]
Read MoreLaos and the Republic of Indonesia are discussing a direct flight between the two countries aiming to boost economic development, investment and trade as well as the inflow of visitors. The two sides have agreed to operate a direct flight but the details and possible start date have not been confirmed. A source from the […]
Read MoreBudget constraints have resulted in lower than appropriate levels of investment in the education and health sectors, the Deputy Minister of Finance has said. State investment in the two sectors reached just 21 percent of state spending this year – 13.3 percent for education and the remaining 7.7 percent going to the health sector, Dr […]
Read MoreThe World Bank (WB) has predicted that Lao economic growth will be slightly lower than the Lao government and Asian Development Bank (ADB) forecasts. In its October 2017 Edition of the East Asia and Pacific Economic Update report released on Wednesday, the WB forecast Lao gross domestic product (GDP) will grow by 6.7 and 6.6 […]
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Thailand
