Economics11/26/2024 3:53:59 PM
The government is taking significant steps to enhance domestic production and cut imports, aiming to strengthen the processing industry, promote the use and export of Laos-made products, and minimize the export of unprocessed raw materials.
Economics11/20/2024 1:43:11 PM
The government has intensified efforts to control inflation by adopting more restrictive monetary policies.
Economics11/19/2024 12:12:47 PM
In the first nine months of 2024, the Lao government has successfully implemented 6,839 state investment projects worth a total of 4.01 trillion kip, achieving 80% of the annual plan.
Economics11/19/2024 9:52:30 AM
The Ministry of Finance has announced substantial revenue growth for the first 10 months of 2024, with total revenue reaching 46.17 trillion kip, equating to 92% of the annual target. This figure represents 15.72% of the nation’s GDP, marking a 40% increase compared to the same period in 2023, when revenue totaled 13.08 trillion kip.
Economics11/18/2024 2:36:30 PM
The Lao government anticipates that the national gross domestic product (GDP) will grow by 4.6% in 2024, surpassing the National Assembly’s approved target of 4.5%.
Economics11/17/2024 10:16:42 PM
The ceremony for the Phase 1 production launch and capacity expansion of investment projects in the Asia-Potash International Intelligent Industrial Park took place on November 16, 2024.
The launching event was attended by Prime Minister Sonexay Siphandone, along with other Party and government leaders, ministers, provincial governors, senior executives of the Asia-Potash International, and other relevant parties.
Economics11/11/2024 4:35:18 PM
The Lao-Chinese Business Forum took place on November 9, 2024, in Hangzhou, Zhejiang Province, China.
The event saw participation from government and business representatives from both Laos and Zhejiang Province, China, with Prime Minister Sonexay Siphandone delivering the keynote address.
