The government of Laos has begun preparations for reopening the country to vaccinated tourists under its new Lao Travel Green Zone plan. The new plan for reopening will see Vientiane Capital, Vang Vieng, and Luang Prabang designated as “green zones” to ensure the safety of travelers and service providers, according to Vientiane Times. Authorities and tourism sector […]
Read MoreThe Office of the Prime Minister’s Office has issued a notice stating that it has declined a proposal by Phousy Group to purchase the government’s stake in BCEL bank. Construction giant Phousy Group submitted a proposal earlier this month to purchase the government’s 51% share in the bank, causing concern among the bank’s retail consumer base. The […]
Read MoreThe Lao kip has continued its depreciation against foreign currencies, reaching its lowest value against the US dollar in more than fifteen years. The value of the national currency of Laos continues to plummet despite attempts by the Bank of the Lao PDR (BOL) to reign in inflation. While the Lao kip has steadily lost […]
Read MoreLaos currently exports more than 6,423MW to other countries, mainly neighbouring countries, a senior official has said. Addressing the National Assembly recently, Minister of Energy and Mines Dr Daovong Phonekeo said several power plants are under construction that will generate electricity for sale to neighbouring countries and other ASEAN member states. However, billions of dollars […]
Read MoreThe Government of Laos is discussing plans for a new expressway running from Vientiane through Xaysomboun, Xieng Khouang and Houaphan provinces to the Vietnamese border. The Ministry of Planning and Investment held a videoconference where it identified the key locations of the expressway corridor, which will end at the Nam Soy border crossing with Vietnam, according to Vientiane […]
Read MoreThe government of Laos has issued new regulations governing cryptocurrency mining operations and trading platforms. The new regulations specify the types of businesses that can be operated and measures for their use, including digital asset transactions in the country to ensure that they are safe, reliable, and efficient. According to a notice issued on Tuesday by Minister […]
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