The government is facing bigger challenges to keep the price of goods in the country stable as the value of the Thai baht continues to rise against the Lao kip.
The government will have to revise its policy on regulating product prices, as the current mechanism is unable to keep prices stable.
Deputy Managing Director of the International Monetary Fund (IMF), Mr Naoyuki Shinohara, visited Laos this week and gave an interview to Vientiane Times on Laos' economic development. The questions and answers are detailed below.
The Asian Development Bank (ADB) congratulated Laos on its recent acceptance and upcoming ratification as Asean's latest member of the World Trade Organisation (WTO).
Growing mining, construction, manufacturing and services sectors are expected to increase the growth rate of Lao GDP from 8 percent in 2011 to 8.3 percent this year, according to the World Bank's latest East Asia and Pacific Economic Update (EAP).
Business operators are encountering difficulties as the government cannot enforce the Law on Investment Promotion, according to a senior official from the Lao National Chamber of Commerce and Industry.
The cost of living in Laos is continuing to rise, with power and water prices on the increase.
The government plans to maintain strong economic growth next fiscal year despite facing a number of internal and external challenges.
The euro-to-US dollar exchange rate has remained stable, ranging from $1.33 to $1.48, despite the deepening of the European financial crisis that came with Greece’s first bailout package of 110 billion euros ($149 billion) in May, 2010.
There's plenty of fire in the belly for EDL-Gen's stock price as it made its 14th straight day of gains early Thursday from 4,400 to 5,100 kip before finally closing at 5,000 kip.