Good progress in socio-economic development despite challenges, says DPM

VIENTIANE (Vientiane Times/ANN) – The implementation of the 2019 socio-economic and state budget plans has encountered many difficulties across Laos, a Deputy Prime Minister told the opening ceremony of the National Assembly session yesterday morning.

Dr Sonexay Siphandone, who is also Minister of Planning and Investment, said the macro-economy is under pressure because of budget and foreign transaction deficits and low foreign currency reserves, which have weakened the value of the kip and resulted in more expensive goods and services and higher living costs.


Manichanh Pansivongxay