(KPL) In the first seven months of this year, the Nagnobai Bank’s branch in Champassak province has released over 39.8 billion kip of loans to local people in the southern provinces of Sekong, Saravane, Champassak and Attapeu. The loans are mostly used in the production of cash crops and handicrafts.
(KPL) The Ha Do Group of Vietnam will invest US$ 250 million in development of Nongtha area, Chanthaboury district, Vientiane Capital. The project will develop the area of Nongtha into a new urban area including infrastructure development, environmental protection and residential construction.
(KPL) Prime Minister Bouasone Bouphavanh attended the ceremony of the commencement of the operation of the Nam Lik 1-2 hydropower plant, located in Naxeng village, Feuang district, Vientiane province, on 29 August. The Lao and Chinese governments put in money to build this dam and the construction work was carried out by China International Water [...]
(KPL) Vietnam, Laos and Thailand have come up with several ways of using roads No8 and 12 more effectively to promote trade, investment and tourism. At the 14th preparatory conference in Quang Binh province they agreed to facilitate the transport of goods between provinces in the three countries, and investment in upgrading infrastructure, and widening [...]
As Laos’ economic growth continues to accelerate, mainly on the back of abundant natural resources, sustainable utilisation of those resources has become an issue of concern. A seminar entitled ‘Future Resource Economy and Policies in Laos till 2020′ was held in Vientiane on Friday to discuss sustainable utilisation of natural resources, especially water resources.
Tilapia breeders are untroubled by the muddiness of the Nam Ngum River, but others along the Mekong River in Vientiane may face difficulties this wet season. A tilapia breeding group in Xaythany district are unconcerned about the muddiness of the Nam Ngum River because the wet season has come late and it has not rained [...]
Champassak province plans to set aside 500 hectares of land for cashew farming in a bid to reduce poverty and help poor families in Khong district. This month, the Vietnamese government together with a private company gave 150,000 cashew saplings to Champassak province so that poor families could grow the crop for sale and export. [...]
Chitprasong Transportation Company is gearing up to complete the construction of the new Northern Bus Station in Dongnathong village, Sikhottabong district, before the 450th anniversary celebrations of Vientiane as the capital of Laos in November. The new bus station will be part of the anniversary celebrations, so it must open before the event, said the [...]
The Ministry of Industry and Commerce has adjusted the price of fuel downwards, starting in Vientiane and five provinces of Laos on Saturday. The price of petrol was lowered by 90 to 210 kip per litre in Vientiane, and by 90 to 220 kip per litre in five provinces, according to a report from the [...]
The Lao government needs to address a number of challenges before it can boost development of the non-resource sector, according to a top World Bank economist. Speaking at a seminar titled “Growth Strategy for Laos: Natural Resource Management and Potentials of the Non Resource Sector” held in Vientiane last week, Mr Justin Yi Fu Lin [...]
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