News

NA session ends, calling for govt to pursue targets

The National Assembly’s Eighth Legislature ended its third ordinary session on May 18, calling for the government to work harder in the pursuit of development targets. In her closing remarks, NA President Ms Pany Yathotou said the 17-day session agreed on multiple points that the ...

Laos, China ink deals to deepen cooperation

Laos and China signed nine cooperation agreements in Beijing this week after a meeting between the two countries’ top leaders. President Bounnhang Vorachit and his Chinese counterpart Xi Jinping held a bilateral meeting in Beijing on Tuesday, a day after the first ever Leaders Roundtable ...

Laos-China railway construction ‘progressing well’

Construction of the Laos-China railway is gathering steam with many tunnels being bored despite rainfall, officials said yesterday. All three tunnels in Luang Namtha province are being bored with the Boten Tunnel having progressed the furthest at more than 50 metres, project coordinator for Luang ...

President to attend Road and Belt Forum in China

President Bounnhang Vorachit will attend the Belt and Road Forum for International Cooperation taking place from May 14 to 15 in Beijing, while economists say China’s Belt and Road Initiative will benefit the Lao economy.​ The president will lead a high-level delegation from Laos to ...

Major deals signed as Vietnam PM visits

Laos and Vietnam have inked deals worth multi-millions of US dollars during a two-day official visit by Vietnam’s Prime Minister Nguyen Xuan Phuc from April 26-27 that concludes today. The bilateral agreements were signed by respective high ranking officials of both sides in Vientiane yesterday, ...

Maximum concession period cut to half century in investment promotion overhaul

A newly-amended Investment Promotion Law has moved to cut by half the maximum investment period for new concession projects to 50 years, down from previous maximum period of 99 years. The move is aimed at maximising investment benefits for the Lao economy, an official from ...

New law offers incentives to attract investment

A newly-amended Investment Promotion Law has recently been promulgated, offering a variety of incentives to attract investment in both promoted sectors and hardship areas. Businesses investing and operating in hardship communities (known as Area I), where infrastructure has not yet been developed, will enjoy favourable ...

New law offers incentives to attract investment

A newly-amended Investment Promotion Law has recently been promulgated, offering a variety of incentives to attract investment in both promoted sectors and hardship areas. Businesses investing and operating in hardship communities (known as Area I),where infrastructure has not yet been developed, will enjoy favourable profit ...

Land issues, SME promotion dominate Party meeting

The leadership of the Lao People’s Revolutionary Party has told the government to continue to prioritise the addressing of land issues along with greater promotion of small and medium enterprises (SMEs) to boost the economy. The Party leadership gave the advice at the fourth Plenary ...

Laos, Cambodia enhance longstanding relationship

Laos and Cambodia plan to continue to foster their deep, longstanding and traditional friendship, relations and solidarity. The two countries’ leaders made their intentions clear during a two-day state visit to the Kingdom of Cambodia by President Bounnhang Vorachit. President Bounnhang visited Cambodia from February ...

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