The government has vowed to further address mounting public debt and the vulnerability of the macroeconomy to prevent the country from being dragged into default. At the two-day monthly cabinet meeting which wrapped up on Friday, the sectors concerned were told to bring currency exchange rates under control and put a cap on inflation, to […]
Read MoreThailand has been transporting more cargo to China by rail since the opening of the Laos-China railway. The shorter time required to carry products by rail has resulted in a rise in Thai exports to China. Thai PBS reports that Laos, Thailand, and China are thinking about building a new railway bridge, running parallel to the first […]
Read MoreThe Ministry of Public Works and Transport on Wednesday launched an initiative to improve transport, connectivity, climate resilience, and east-west regional trade across the north of the country. The Southeast Asia Regional Economic Corridor and Connectivity Project is backed by World Bank financing and is designed to help people in the northern provinces benefit from expanding regional […]
Read MoreBank of Laos and the People’s Bank of China have signed a memorandum of understanding regarding future payments in Yuan. Bank of Laos has issued a statement that the Governor of the Bank of Laos, Mr. Bounleua Sinxayvoravong, and the Governor of the People’s Bank of China, Mr. Yi Kang have signed an MOU to […]
Read MoreA 27% increase has been reported from the same period last year, in the first eight months of 2022. Laos’s main export sources are electricity, gold, paper and paper-related products, copper ore, rubber, and agricultural products and it primarily imports petrol, vehicles, equipment and machinery. Vietnamese export goods have been valued at USD 414.5 million, […]
Read MoreCountry’s previous growth trajectory was not sustainable, writes Kanni Wignaraja, U.N. assistant secretary general and director of the U.N. Development Program’s Asia and the Pacific bureau. Ricarda Rieger is UNDP’s resident representative in Laos. This past June, Vientiane almost came to a standstill. Fuel shortages stunted traffic and long lines formed at gas stations around the […]
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Thailand
