News
Laos, Thailand boost trade, investment cooperation
High ranking Lao and Thai officials met in Vientiane on May 24 to discuss increased cooperation across different sectors in order to promote trade and investment between both nations. Laos was led by Deputy Prime Minister and Minister of Finance, Mr Somdy Duangdy, while Thailand by Deputy ...
Vehicle owners to pay higher road tax in August
The Ministry of Finance will start to issue 2017 road tax stickers in August, but vehicle owners will be paying more this year. The percentage increase is not yet known but the Tax Department is currently accepting comments from the National Assembly. Some Assembly members ...
Govt borrows more money to address deficit
The government needs 2,420 billion kip to respond to budget expenditure that occurred in the first quarter of this year (January to March), a government leader has said. Of this figure, 957.7 billion kip is owed from the budget deficit in Q1 and the rest ...
Observe 10 prohibitions or face punishment, finance officials warned
Finance officials are being warned to observe the newly imposed so-called 10-prohibition rule or be subjected to disciplinary measures and punishment under law. Deputy Prime Minister and Minister of Finance Somdy Duangdy on April 10 issued a decision that imposed 10 prohibitions demanding officials follow ...
Asia-Pacific transport forum eyes sustainable development
Government officials are confident that the Intergovernmental Tenth Regional Environmentally Sustainable Transport Forum in Asia currently place in Vientiane will help to spur the development of Laos’ transport network. The comment was made by Deputy Prime Minister Somdy Duangdy at the forum’s opening ceremony on ...
