Economists concerned about increase in non-performing loans
Economists have expressed concern over non-performing loans that banks have given to the private sector. Bankers said NPLs are currently higher than the rate of 3 percent set by the Bank of the Lao PDR, which could have negative impacts on financial and economic stability. ...
Laos, Cambodia, Vietnam See Continued Rights Abuses, Restrictions on Free Expression: Report
Lao, Cambodia, and Vietnam imposed serious restrictions on freedom of expression and the press over the last year, with all three countries also holding political prisoners and interfering with the rights of citizens to peacefully protest, according to an annual State Department report released on ...
Richard Finney
Cassava export boom leading to deforestation and poor air in Laos
Farmers are encroaching on national parks and protected forests in Laos, burning and clearing large areas to make room for cassava crops. The demand for cassava has seen it become the most profitable agricultural product in Laos, as demonstrated by the country’s February trade figures: cassava ...
Laotian Times/ANN
Thai among 17 busted in Vietnam-Laos drug blitz
Vietnam has a Thai man and 17 others after a blitz on drug crime uncovered major stashes of heroin, cannabis and precursor chemicals, state media have said. Six Vietnamese were arrested in Hanoi after being caught with some 120 kilogrammes of heroin hidden inside household gas ...
Ground Broken at First Private Data Center in Laos
A groundbreaking ceremony was held in Hatxaykhao village yesterday as construction began for the LaoDC data center, the first licensed, privately owned data center in Laos. The LaoDC data center will be one of the largest data centers in Laos, More ...
The Laotian Times
Laos, Cambodia, Vietnam consolidate relationship via fronts
Laos, Cambodia, and Vietnam will continue deepening the understanding between their peoples, especially the new generation, about the history of the relationship between the three nations of Indochina to protect their valuable ties. This was agreed by leaders of Lao Front for National Construction (LFNC), ...
Laos, China agree to further cooperation, ink 2 deals
Laos and China agreed to further their friendly relations and comprehensive strategic cooperation partnership with the inking of two agreements on human resources development.The agreements signed in Vientiane yesterday, comprising Lao-Chinese language interpreter capacity building and construction of Naxaithong Secondary School, were witnessed by Chinese ...
Times Reporters
ASEAN moves forward with cultural cooperation
ASEAN is working to enhance cooperation between ASEAN member states in the area of cultural heritage protection, following new guidance from the bloc’s leaders. Deputy Secretary General of ASEAN for the ASEAN Social-Cultural Community, Mr Vongthep Arthakaivalvatee, told the media about the progress made on the ...
Germany provides EUR 20 million for forest law enforcement, trade
The German Federal Ministry for Economic Cooperation and Development is providing about EUR 20 million and the Lao government is contributing the equivalent of EUR 4 million as non-cash benefits for the Forest Law Enforcement, Governance and Trade (FLEGT) project from 2021 to 2026. An agreement ...
Viengdavanh Banphahaksa
Laos celebrates Asean Day, country’s accession to regional bloc
Laos celebrated the 51st anniversary of the founding of Asean and the 21st anniversary of the country’s accession to Asean with a flag hoisting ceremony on Friday at the Ministry of Foreign Affairs.More ...
Times Reporters
Inflation spikes in Laos
VIENTIANE (Vientiane Times/ANN) – Laos has steadily faced a higher inflation rate over the past five months after being pressed by several economic factors.The changes in consumer prices index, as a result of expensive commodities such as oil, gold and food weakening the value of ...
News Desk
http://annx.asianews.network/content/inflation-spikes-laos-99723
Census and population
Laos’ total population was estimated by the United Nations Population Fund at 6.9 million in 2017, with an annual population growth of 1.3 percent.1The last formal census was carried out in 2015. All the data referenced here is from the official 2015 Census of Population ...
Laos to give data to prevent Isan floods
Laos has agreed in principle to provide data and information about water resources and management plans involving the Mekong River directly to Thai authorities to assess the water situation and take action to prevent floods in eight northeastern provinces. Somkiat Prajamwong, secretary-general of the Office of ...
Laos to Restrict Development on Agricultural Land
Laos currently has 4.5 million hectares of agricultural land, with 2 million hectares dedicated to rice farming and the rest to crop and animal farming.The ministry is implementing land allocation and demarcation projects for protected areas in response to small, medium, and large investments in ...
Manyphone Vongphachanh
Lao festival woos Japanese in bid to entice holiday-makers
A tourism exhibition and cultural performances are among the highlights of the Lao Festival taking place from May 22-29 in Tokyo, Japan. Minister of Information, Culture and Tourism Prof. Dr Bosengkham Vongdara, ministry officials and Lao performers are currently in Tokyo to take part at the ...
Vientiane Times
Laos, Vietnam vow to cement ties
Vice President Phankham Viphavanh and his visiting Vietnamese counterpart Dang Thi Ngoc Thinh yesterday agreed to work together to deepen the friendly relations, special solidarity and comprehensive cooperation between the two neighbours.More ...
Vientiane Times
Death of last river dolphin in Laos rings alarm bells for Mekong population
Known only by his identity code, ID#35 was the last individual of a doomed subpopulation of freshwater Irrawaddy dolphins (Orcaella brevirostris). He was the sole occupant of a deep pool in the Mekong River that spans the border between Cambodia and Laos, and fought for ...
Carolyn Cowan on
Govt waives visas for Scandinavians for Visit Laos Year 2018
The unilateral visa exemption will take effect for just one year from January 1-December 31, 2018, for the duration of Visit Laos Year 2018.Keep reading ...
The Nation Reporter
Laos Reports Record Number of Covid-19 Cases
Laos has confirmed 65 new cases of Covid-19 following testing of over 1,292 people. The National Taskforce for Covid-19 Prevention and Control announced today that the country had confirmed a total of 65 new cases. Dr. Phonepadith Xangsayarath, Director of the National Center for Laboratory and Epidemiology (NCLE), Ministry ...
Latsamy Phonevilay
GDP expected to grow at 6.8 percent: IMF
The International Monetary Fund has predicted that Laos’ Gross Domestic Product will grow at 6.8 percent this year, less than the government’s projected rate of 7 percent. The IMF Executive Board concluded the Article IV consultation [1] with Laos recently, describing Laos’ challenges in dealing ...