Despite robust economic growth in Laos, there has been limited creation of employment opportunities, according to a recent World Bank report. This is largely because economic growth has been driven by capital-intensive sectors such as mining, energy and construction, which have not created sufficient jobs to meet existing demand. The Lao PDR Systematic Country Diagnostic […]
Read MoreCable.co.uk collected and analyzed data from 5,292 individual broadband packages in 233 countries over a four-month period beginning in March and ending in June this year. The study found that Israel offers the world’s cheapest mobile data, with an average cost of USD 0.04 per one gigabyte (1GB). Saint Helena is the most expensive, with an […]
Read MoreAccording to a press release from the Ministry of Foreign Affairs, Deputy Prime Minister and Minister of Foreign Affairs, Mr. Saleumxay Kommasith, held talks via video conference with Saudi Foreign Minister, Prince Faisal bin Farhan Al Saud. The two foreign ministers discussed trade and investment cooperation, with Mr. Saleumxay reportedly enquiring about the import of fuels from […]
Read MoreThe commitment to stabilizing the economy was one of 13 issues the cabinet identified as requiring immediate attention during a two-day open government meeting that ended on Friday. The government resolved to use various means to try to solve the problem of public debt, especially debt created by state enterprises. According to Government Spokesperson, Ms. Thipphakone Chanthavongsa, […]
Read MoreLow-income workers in Laos are struggling as goods and commodity prices reach their peak of the year. Vientiane Times reports that the price of goods produced domestically has increased by 15.9 percent over the past year. The year-on-year inflation rate hit 23.6 percent, the highest figure ever recorded since May 2000. Authorities say the rising prices of […]
Read MoreTwo-way trade between Vietnam and Laos in the first half of 2022 increased by 20.6% year-on-year to 824 million USD, according to the Vietnam Trade Office in Laos. Vientiane (VNA) – Two-way trade between Vietnam and Laos in the first half of 2022 increased by 20.6% year-on-year to 824 million USD, according to the Vietnam Trade […]
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