News

Laos Hopes to Pay Off USD 14 Billion Debt by 2025

Minister of Finance, Bounchom Ubonpaseuth spoke at the National Assembly’s ninth legislature recently, saying that the country plans to pay debts (foreign debt to the tune of USD 13 billion and domestic debt of USD 900 million) over the next five years, from 2021-2025, and ...

Latsamy Phonevilay

Lao govt to allocate more funds to repay debts owed to companies

VIENTIANE (Vientiane Times/ANN) -The amount owed by the government to private enterprises has been put as high as 10.14 trillion kip, putting considerable pressure on the government to address this issue and sustain economic growth.Now the government has pledged to allocate more funds to repay ...

Somsack Pongkhao
http://annx.asianews.network/content/lao-govt-allocate-more-funds-repay-debts-owed-companies-100429

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