Geothermal Power to Generate Over USD 600 Million Annually for Laos
The Lao Development and Investment Co., Ltd. (LDIC), the Canadian GEIOS Company and the Wealth Power Group of Vietnam (WPC) have recently signed a joint venture agreement in Vietnam on a geothermal energy development project in Laos. By signing a cooperation agreement on 23 June ...
Manyphone Vongphachanh
Vietnam to buy more electricity from Laos amid projected energy shortage
Vietnam is keen to import more electricity from Laos to address its projected energy shortages, according to a senior official.Deputy Minister of Energy and Mines Dr Daovong Phonekeo told Vientiane Times on Wednesday that Vietnam is purchasing electricity from energy plants built by Lao and Vietnamese investors.“From ...
Times Reporters
January inflation rate soars to new high of 40.3 percent
Year-on-year inflation in Laos jumped to 40.3 percent in January, the highest rate in 23 years, according to the latest report from the Lao Statistics Bureau. The government is attempting to curb the rising cost of goods and services but prices are showing no signs ...
Somsack Pongkhao
Laos prepares for face-to-face EU FLEGT, VPA negotiations
The Forest Law Enforcement Governance and Trade technical working group on December 15 met in Vientiane to discuss finalised key parts of the draft timber definitions to be submitted to the European Union by the end of this month. The submission is crucial preparation for ...
Lao gov't gets ready for opening of China-Laos railway in 2021
VIENTIANE – Officials from the Lao Ministry of Public Works and Transport and other sectors are learning about railway operations from Chinese experts in Lao capital Vientiane to prepare for the opening of China-Laos railway in 2021.The final railway technology training course is taking place ...
Xinhua News
Lao Airlines’ earnings nosedive by 70 percent in 2020
Lao Airlines’ earnings plummeted by 70 percent last year compared to 2019 as result of a sharp drop in passenger numbers due to the Covid-19 pandemic.The figure was reported at a recent meeting of the airline’s sales representatives and related parties. The meeting was held ...
Souksamai Boulom
Star Fintech partners Prudential Laos launching mobile payment services
Star Fintech and Prudential Life Assurance (Lao) (“Prudential Laos”) has agreed to launch payment services via the U-money platform to enhance the service quality and convenience for customers of both companies.Keep reading ...
KPL
Vientiane Closes Schools Following Covid-19 Outbreak
The Ministry of Education and Sports has issued a notice ordering the closure of schools following an outbreak of Covid-19 in Vientiane Capital. The notice states that all public and private educational facilities from preschools through to universities will be closed across Vientiane Capital following a ...
Phayboune Thanabouasy
Germany to provide over 61 billion kip for education development
The German government will provide grant aid of over 61 billion kip (EUR 6.8 million) to contribute to educational development in Laos, with a focus on vocational training. The funding will support vocational training courses and upgrade teaching and learning in Laos through the Ministry of ...
Nation's renewable energy options explored with assistance from China
Laos must increase understanding of the rapid development and expanding use of renewable energies and the revolution in energy production and distribution especially for technical officials responsible for the field. This was among the messages delievered at a meeting that took place in the capital ...
Laos graduates from the money laundering 'grey' list
Laos is continuing on its risk assessment path for money laundering and countering finance for terrorism after the country graduated from the ‘grey’ list, which was approved by the Financial Action Task Force (FATF) last month.The National Committee for Anti-Money Laundering and Countering the Financing ...
Stakeholders Question Farness of MRC’s Impact Assessment for Laos’ Luangprabang Dam
Stakeholders are concerned about the legitimacy of the multinational approval process for Laos’ Luangprabang hydropower project, after recommendations to lower the environmental impact were raised, but few were accepted during a meeting of the Mekong River Commission (MRC) last week in Vientiane. The meeting was held ...
Solid growth expected for Laos this year and 2018: ADB
Laos’ economic growth is picking up in 2017 and 2018, supported by the expansion of production and sale of electricity, buoyant services sector growth, and construction of the cross-border railway, according to a new report from the Asian Development Bank (ADB). Gross Domestic Product (GDP) ...
Working Together For Lao PDR’s Sustainable LDC Graduation
The Lao PDR is currently listed as a Least Developed Country (LDC). Countries recorded in the LDC category are defined as low-income countries that are facing severe structural impediments to sustainable development. Due to their status, these countries are granted exclusive access to specific international support ...
Illegal imports investigated, PM outlines urgent efforts for August
Prime Minister Thongloun Sisoulith has told the cabinet to intensify efforts to counter the illegal import of more than 5,000 vehicles into Laos. The premier issued the directive at the government’s two-day monthly meeting for July that closed in Vientiane on Tuesday. It was previously ...
Lao minister visits Xinhua for 2nd Laos-China Belt and Road Cooperation Forum
Kikeo Khaykhamphithoune, Lao Minister of Information, Culture and Tourism visited the headquarters of Xinhua News Agency here on Sunday for the forthcoming Second Laos-China Belt and Road Cooperation Forum. During their talks, Xinhua President Cai Mingzhao hailed the China-Laos relationship as example of China’s friendship and ...
Yurou
Laos’ hydropower policy puts Vietnam in a dilemma
The proposal to buy electricity from Lao hydropower plants has been facing opposition from many researchers, who say that benefits are small compared with the costs. []The communities living along the Mekong are increasingly vulnerable to similar disasters and threatened by serious environmental problems with plans ...
Road construction in Donnokkhoum behind schedule
The 11 km stretch of road construction from Donnokkhoum village in Sisattanak district to Nakhuay village in Xaysettha district is now about 65 percent complete. The road slated is actually 11.66 km long and its construction has come at a cost of more than US$76 ...
Laos pushes ahead with sixth Mekong River dam project
Laos has submitted plans to build a new hydropower dam on the Mekong River, with construction expected to start later this year, the Mekong River Commission (MRC) said on Monday. The Sanakham hydropower plant, with an estimated cost of $2.073 billion (£1.7 billion), will be developed ...
Reporting by Panu Wongcha-um; Editing by Kay Johnson and Alexander Smith
Cambodia-Laos Pledge to Complete Border Demarcation
Cambodian Deputy Prime Minister Hor Namhong said that Cambodia and Laos pledged to complete border demarcation to transform the border areas to become “peace and development” zone, speaking in a courtesy call with Amphay Kindavong, newly appointed Lao Ambassador to Cambodia, at the Cambodian-Chinese Friendship ...