Economic policy and administration

The 3rd Plenary Meeting of the 11th Central Committee of the Lao People’s Revolutionary Party was held between Oct 18-22 in Vientiane under the presidency of Secretary General Thongloun Sisoulith. They noted that the most noticeable action taken in the past months was the designation of ...

The Lao economy is projected to steadily recover in the medium-term, but growth will remain below pre-pandemic levels at 4.5 percent in 2022. The Lao economy is projected to grow at 3.6 percent, down from the 4 percent growth anticipated in March 2021. The main risks ...

VIENTIANE (Vientiane Times/ANN) – The National Assembly (NA) on Monday endorsed the National Socio-Economic Development Plan for 2020, giving the legal back up for the government to impose measures to strengthen productivity.Out of the 114 Assembly members who attended the 8th session of the 8th ...

VIENTIANE (Vientiane Times/ANN) – The government is confident its austerity policy will continue to lower budgetary tensions and financial difficulties in the coming year despite slow progress in implementing measures to curb wasteful spending.The Ministry of Finance will take action in coordination with several other ...

VIENTIANE (Vientiane Times) – Laos needs about 27 per cent of Gross Domestic Product (GDP) for development in 2020 to ensure the country’s steady economic growth.Of this amount, 4,750 billion kip, or 10.2 percent of the total, will be taken from the domestic budget, Deputy ...

VIENTIANE (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith has agreed with the concept of establishing a special taskforce committee, to address unresolved issues relating to the improvement of the business climate.The premier expressed his support for the creation of a special working group at the ...

VIENTIANE (Vientiane Times/ANN) – The National Economic Research Institute has a new chief with Acting Director General of the National Economic Research Institute, Dr Leeber Leebouapao, appointed to the post of Director General to replace the retiring Mr Bouasone Bouphavanh.An official announcement of the appointment ...

VIENTIANE (Vientiane Times/ANN) – Legitimate private sector interests have called on the government body responsible for creating a business-friendly environment to tackle illicit trade, informal businesses, and firms operating without licences.Members of the business community representing numerous companies and entrepreneurs made the call at a ...

VIENTIANE (Vientiane Times/ANN) – Business leadership development is one of the priority programmes aimed at making business operations in Laos stronger, successful and sustainable in order to contribute to socio-economic development.Administrative officials from the government, enterprises and the private sector yesterday attended a seminar in ...

(KPL) The Ministry of Justice on July 18 organized a consultation workshop on draft amendments to the Law on Rehabilitation and Bankruptcy of Enterprise. The draft amendments are expected to be soon submitted to the National Assembly for consideration for approval.The meeting was held in Vientiane Capital ...