National government
Parliament
PM vows zero tolerance of financial misconduct
Prime Minister Thongloun Sisoulith told the National Assembly this week that the ongoing violations of financial regulations by various state departments must be addressed and those found guilty punished. The premier was responding to questions raised by members of parliament concerning possible solutions to the ...
Public debt near red line: NA deputies
The second session of the National Assembly on November 1 continued with debates on a five year financial plan, targets and orientation for the mobilisation and use of public investment loans as well as public debt management during 2016-2020. Finance Minister Đinh Tiến Dũng presented a ...
PM reveals measures to bolster economic growth
Prime Minister Thongloun Sisoulith told the National Assembly that the government will employ a number of measures to spur economic growth amid the current economic and financial constraints. The prime minister on October 31 responded to questions raised by Assembly members about stimulus measures and policies the ...
NA members want tougher oversight on chemical use
National Assembly members have proposed that the government impose tougher measures in managing the distribution and use of dangerous chemicals so they can be brought under control. NA members expressed their wish on October 31 when debating the NA’s Standing Committee oversight of social and environmental ...
Govt seeks to increase bank deposits to 84 percent of GDP
The government has announced its intention to increase deposits in commercial banks to 84 percent of Gross Domestic Product by 2020, up from the 57 percent expected in 2016, in a bid to meet growing development needs. Governor of the Bank of the Lao PDR, Mr. ...
Deputies uneasy about draft Law on Associations
National Assembly deputies spent the whole day on October 25 trying to iron out their differences over the draft Law on Associations. All agreed that the right to establish associations was one of the fundamental rights of citizens provided by the Constitution. However, some deputies said ...
Cabinet approves budget worth B17.5bn for Village Funds
The cabinet on October 25 approved a 17.5-billion-baht budget for 74,655 Village Funds across the country at 250,000 baht each for local development. The move is a fresh bid to boost the rural economy, prevent people from borrowing from loan sharks and maintain the country’s ...
Parliament calls for full revenue collection
National Assembly members have called for the government to do more to seek new revenue sources and fully collect revenue following last fiscal year’s revenue shortfall despite there being numerous income generating sources. Members of parliament put forward the requirement when debating the government’s proposal to ...
Govt asks parliament to lower growth targets
On October 24, the government asked the National Assembly to lower economic growth targets over the next four years after encountering difficulties that resulted in failure to meet the target set for last fiscal year. Prime Minister Thongloun Sisoulith presented the proposal at the second ordinary ...
NA to hold first ordinary session next week
The national socio-economic development plan, state budget, monetary policy, audit results, the work of prosecutors and judges and legislation approval will all be on the agenda of the upcoming first ordinary session of the National Assembly’s ‘s Eighth Legislature. Head of the NA Secretariat Ms Suansavanh ...
