News
Tunnel works underway on Laos-China railway project
Efforts to bore tunnels for the Laos-China railway project have begun, marking a new and intensive stage to construction work underground for the landmark multi-billion dollar project. As of Tuesday, more than 10 metres had been bored for the Boten Tunnel, one of the three tunnels ...
Asianface director reportedly involved in business fraud in Cambodia
Investors in an allegedly fraudulent scheme offered by the Asian Face company are increasingly concerned after the involvement of its operator in similar activities in his home country were revealed. Currently in police custody in Laos over his Asian Face Company Ltd’s alleged illegal capital ...
Caffeine high as Laos tops South-East Asia's coffee producer rankings
Laos is riding high as largest coffee exporter in ASEAN followed by Vietnam in second place and Thailand third according to figures compiled by the Lao Ministry of Planning and Investment. Coffee is among Laos top export income earners in terms of agricultural commodities, earning ...
Authorities retrieve 50b kip from corrupt officials
The State Inspection Authority (SIA) has retrieved more than 50 billion kip over the past two years from corrupt officials who had previously embezzled State properties. A senior official from SIA who asked to remain anonymous told Vientiane Times on Monday that all State budget ...
Tourism sector looking to boost its capacity
The engagement of local authorities and investments will help the government boost the number of foreign travellers over the years to come, reports a senior tourism official. Deputy Director General of Tourism Development Department under the Ministry Information, Culture and Tourism Ms Phonemaly Inthaphom told ...
Govt warned to manage growing debt
Economists have warned the government needs a long-term strategy for managing its burgeoning debt against obligations while it works on securing more efficient and additional revenue sources. At the moment, Laos requires 1,559 billion kip to meet its budget expenditure following revenue shortfall in the ...
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 ...
Xamtay to Vietnam road construction expects delays
Construction of a new road connecting Xamtay district in Huaphan province to Thua Thien Hue province, Vietnam will not be finished according to plans, say officials of the project. Head of the District’s Public Works and Transport Office, Mr Soukaseum Sonesavat, telephone interviewed by Vientiane ...
ASEAN moves forward with cultural cooperation
ASEAN is working to enhance cooperation between ASEAN member states in the area of cultural heritage protection, following new guidance from the bloc’s leaders. Deputy Secretary General of ASEAN for the ASEAN Social-Cultural Community, Mr Vongthep Arthakaivalvatee, told the media about the progress made on the ...
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 ...
