Banking and financial services

Government officials from Vientiane and Champassak province recently met in Luang Prabang and Champassak to discuss anti-money laundering efforts. More ...

A World Bank report released last week reports that “informal” financial services continue to play an important role in the lending sector in Laos despite the fervent growth of legal micro-finance institutions (MFIs) around the country.More ...

The duties and structure of the Bank of the Lao PDR’s executive board were at the centre of debate at the National Assembly (NA) yesterday, with the aim of strengthening the bank’s management and preventing illegal financial activities.More ...

(KPL) Economists have suggested it may be the time for the government to use its foreign reserve to ease rising fuel prices warning that implications from the rising prices could be high inflation.More ...

Vientiane Exchange Money will become the first international currency exchange provider that has been certified to allow cryptocurrency transactions. This is considered a momentous occasion and the importance of how new technology will play a role in peoples’ lives, offering new experiences and opportunities in ...

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 ...

The government is piloting the Lao National Single Window (LNSW) scheme at international border crossings, seeking to speed up customs clearance for vehicles and link the country to the Asean single window system. The Ministry of Finance’s Customs Department signed a Memorandum of Understanding (MOU) ...