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Laos to host CLMV Summit in 2020

The next Cambodia, Laos, Myanmar, Vietnam (CLMV) Summit will be held in Vientiane in 2020 when Laos will chair the summit, while Cambodia will chair the 9th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit. The host countries for the next summits were announced after the close of the 8th ACMECS and 9th CLMV summits held […]

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Laos ‘not concerned’ about debt from China’s Belt and Road

TOKYO — Laos is unconcerned about the potential debt burden from a Chinese-led high-speed rail project, its prime minister said on Tuesday, describing the terms of the construction agreement as “favorable” to one of Southeast Asia’s poorest countries. The high-speed rail link, begun in 2016 as part of China’s Belt and Road initiative, will connect Kunming in southern China […]

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Laos: Parliament debates draft master plan on land use

Members of the National Assembly (NA) yesterday called for the government to better manage and properly allocate land for use for various purposes, as law makers debate the draft National Master Plan on Land Allocation. Representing NA members in commenting on the draft, Chairman of the Assembly’s Economic, Technology and Environment Committee, Mr Bounpone Sisoulath, […]

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Laos: Ministry vows to remove tourism barriers

With various barriers hindering the development of the tourism industry, authorities in charge will work closely with the relevant sectors to remove these obstacles, a minister told parliament yesterday. Responding to questions raised by National Assembly (NA) members at the ongoing 5th ordinary session of parliament, Minister of Information, Culture and Tourism Prof. Dr Bosengkham […]

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Laos: Govt takes steps to repay debts to local firms

Despite budgetary tensions, the government is working to pay a total of 3.25 trillion kip owed to private companies under the triangle-debt-diversion disbursement initiative. Addressing the National Assembly yesterday, Deputy Prime Minister and Minister of Finance, Mr Somdy Duangdy, clarified the government’s position regarding the implementation of this initiative. Mr Somdy said several companies had […]

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