Laos and Vietnam are set to Launch a new payment system enabling direct trade transactions in kip and dong currencies. Starting in September, the cross-border micropayment system will allow Vietnamese consumers to pay in Laos using QR codes.

On 22 August, the Bank of Laos (BOL) and the State Bank of Vietnam held a conference to promote the use of local currencies in bilateral trade. Attendees included representatives from commercial banks in both countries, as well as payment service providers like the Lao National Payment Network Co. Ltd (LAP Net) and  the Vietnam National Payment Corporation (NAPAS).

The meeting introduced the Vietnam-Laos Cross-Border Retail Payment Connection Project, which will facilitate transactions through QR codes. The initial phase of the project will involve nine Vietnamese and 13 Lao banks. The joint payment system will be managed by NAPAS and LAP Net.

This initiative aligns with a broader ASEAN trend towards using local currencies for trade, aiming to reduce dependence on foreign currencies and mitigate risks associated with geopolitical and economic fluctuations. By using kip and dong directly, both Laos and Vietnam can streamline trade, lower transaction costs, and enhance financial stability.

According to the BOL, ASEAN countries, including Laos, tend to use local currencies to hedge against political and economic changes and to foster regional cooperation. 

Vietnam is currently Laos’ third-largest trading partner, with a robust history of trade and investment cooperation. The introduction of the kip-dong payment system is anticipated to further solidify this partnership, paving the way for more integrated and resilient economic relations between the two nations.

Source: https://laotiantimes.com/2024/08/28/laos-vietnam-to-introduce-kip-dong-cross-border-payment-system/

China has introduced its first refrigerated freight train service from Yunnan Province to Laos via the Lao-China Railway, marking a significant step in enhancing the efficiency of transporting perishable goods across the region.

This service began on 23 August, carrying 400 tons of fresh vegetables. The train departed from China’s Yuxi City in Yunnan Province traveled to Vientiane, Laos, and continued by road to Bangkok, Thailand. The service features modern refrigerated containers designed to maintain the quality of fruits and vegetables throughout the journey.

According Zhang Guilan, Deputy Director of the Yuxi Municipal Trade Office, Yunnan Province aims to transport over 50,000 tons of high-quality fruits and vegetables annually to various countries in the Indochina Peninsula through this railway.

Moreover, Xu Jiefeng, Department director of the Kunming logistic center, China Railway Kunming Bureau Group Co Ltd, highlighted that this efficient transportation channel not only meets customer needs for maintaining the temperature of frozen goods but also underscores the Lao-China Railway’s contribution to China’s international trade and economic expansion.

Since its inception in December 2021, the Lao-China Railway has transported over 10 million tons of goods. 

Source: https://laotiantimes.com/2024/08/27/first-cold-chain-train-connects-yunnan-with-vientiane/

On 22 August, a groundbreaking ceremony was held for the first meteorological tower in Nathou village, Phin district, Savannakhet Province. This tower will collect crucial wind data to assess wind farm projects in the region.

This installation is part of a project developed under a 2023 Memorandum of Understanding between the Lao government and Naseng-Wayo Renewable Resources Development and Investment Company Limited, in collaboration with UPC Vietnam (Singapore). The project aims to produce clean energy for export to Thailand and Vietnam, with the tower expected to be operational by the end of September.

Earlier this year, the Lao government also signed an agreement with Savan Vayu Renewable Energy Co., Ltd. to develop a 1,200 MW wind power project in Sepon district, Savannakhet Province, marking the largest wind power project in Laos to date. With an investment of approximately USD 2 billion, this project will enhance Laos’ renewable energy capacity and position the country as a significant power exporter in Southeast Asia. The wind farm is projected to be operational by early 2026.

Laos has been expanding its renewable energy projects, aiming to meet its 2030 renewable energy targets and increase its role as an energy supplier in the region. According to the Ministry of Energy and Mines, Laos currently has 94 power plants with a total installed capacity of over 11,600 MW. About 80 percent of the country’s electricity is exported, primarily to Thailand and Vietnam, which are the largest markets for Lao electricity.

Source: https://laotiantimes.com/2024/08/26/first-meteorological-tower-to-be-installed-for-savannakhet-wind-farm-projects/

The Lao Ministry of Health has introduced a set of measures aimed at improving the management of both modern and traditional medicines in a bid to improve public health safety. These steps are designed to address emerging challenges and ensure the highest standards in the healthcare sector across the country.

The Ministry of Health, in collaboration with various sectors, has developed strategies to combat issues related to addictive substances and ensure the safety of food, medicine, and medical products.

Key among these initiatives is the Food and Drug Administration’s active campaign to raise awareness about the risks associated with unregulated cosmetics, food supplements, and collagen products, particularly those sold through unregistered online platforms.

Enhancing Traditional Medicine 

A major focus this year has been on improving the availability of essential medicines and medical supplies. The Ministry has established a systematic monitoring system to oversee the procurement and distribution of medicines, medical supplies, and chemicals to central hospitals, medical centers, and provincial facilities.

Additionally, a nationwide meeting was held to coordinate these efforts, and data collection on antibiotic use in private pharmacies has been intensified. The Ministry has also trained 89 technicians from central and provincial hospitals in the maintenance and repair of medical equipment.

In parallel, the government has made strides in promoting and developing traditional medicine. Research into various traditional Lao medicines has led to the creation of new products, including medicinal teas, capsules, and massage oils. Efforts have also been made to document medicinal biodiversity, with a comprehensive list of 270 medicinal plant species compiled and educational textbooks developed to preserve and teach traditional Lao and Hmong medicine.

Beefing Up Quality

Quality control was also a key focus of the discussion. The Ministry has reportedly conducted extensive research on the quality of food, drugs, and medical products. The research laboratory received international certification for studying food microorganisms in drinking water. In the first half of 2024 alone, the laboratory analyzed 1,162 samples, primarily focusing on drinking water and drug samples.

The Ministry has also been active in inspecting food and medicine markets in Vientiane Capital, targeting outlets selling unregistered cosmetic products and counterfeit items. These inspections led to a meeting to address the issue of medicine sales in minimarkets, and monitoring was conducted at 23 pharmacies in the capital.

To further streamline the healthcare sector, the Ministry has worked on improving trade processes and explored ways to speed up the issuing of import-export licenses, including online licenses for controlled chemicals, pharmaceuticals, medical equipment, traditional medicines, and health supplements.

These ongoing efforts are set to bring substantial improvements in healthcare quality and accessibility across the nation.

Source: https://laotiantimes.com/2024/08/26/laos-boosts-modern-traditional-medicine-management-to-improve-public-health/

Laos is continuing to strengthen its commitment to improving the lives of its disabled citizens. Recent developments include the publication of a new agreement on driver’s licenses and driving tests specifically designed for people with disabilities.

This move is part of Laos’s broader commitment to enhancing accessibility and support for its disabled population, in collaboration with the International Organization of Disabled Persons.

A senior official from the Ministry of Public Works and Transport noted that the 2015 nationwide survey identified disabled individuals as comprising 2.8 percent of the population aged five and above.

In 2014, the government took a key step by adopting the Decree on the Rights of Persons with Disabilities, aligning with the Convention on the Rights of Persons with Disabilities. This decree outlines the rights of disabled individuals to income security and decent living conditions.

Additionally, the establishment of the National Commission for Disabled Persons provides a cross-ministerial body to advise on national policies and programs, while the Decree on Social Security for Corporate Employees supports allowances for work-related accidents and long-term disabilities.

Laos has been a signatory to the Convention on the Rights of Persons with Disabilities since 2009.

Sivanh Sibounhueang Defies Disability Odds to Craft Masterpieces
Sivanh Sibounhueang painting on a piece of paper (photo: Vanh LikeDrawing)

Amid Laos’s legislative progress on disability rights, people with disabilities, like Sivanh Sibounhueang, known as “Vanh,” continue to thrive and make a mark in their fields After losing both arms in a construction accident at 16, Vanh adapted his passion for art by learning to draw with his foot and creating an improvised painting tool.

His art, including pieces like “Goat Prisoner,” has achieved significant success, with one work auctioned for LAK 3.1 million (USD 146.91).

His recent international exhibition in Malaysia highlighted his commitment to disability inclusion.

Sara Minkara, the Special Adviser on International Disability Rights at the United States (US) Department of State.

In a recent visit to Laos, Sara Minkara, the Special Adviser on International Disability Rights at the United States Department of State, advocated for greater inclusion of disabled individuals.

Her trip highlighted the need for Laos to integrate disability rights more deeply as it prepares to chair the ASEAN Summit in 2024. Minkara emphasized leveraging media platforms and local leader training to reach remote areas and engage key stakeholders to promote effective policy implementation.

Through legislative progress, inspiring individual achievements, and international collaboration, Laos continues to work toward a deep commitment to supporting and empowering its disabled citizens.

Source: https://laotiantimes.com/2024/08/23/laos-advances-disability-rights-with-new-drivers-license-agreement/

The Lao Tawan Taekwondo Club is set to continue its winning streak at the upcoming Ambassador of the Republic of Korea Cup in Luang Prabang province this September.

The anticipation follows a successful performance at the 7th Heroes Taekwondo International Championship in Bangkok, Thailand from 10 to 12 August, where the club’s junior members won several medals.

Vinarinthone Ngonvorarath clinched a gold medal in the boys’ 18 kg U-6 category, while Natxanon Santivilakone achieved gold in the boys’ 49 kg U-14 category, alongside securing two silver and two bronze medals. The event saw 3,069 fighters from 30 countries, with 15 young athletes from the Tawan Taekwondo Club competing.

“The fact that they won gold medals certainly exceeded my expectation, and I’d like to consider that a jackpot,” said the club president, Soutthida Phommavong.

According to Soutthida, her students underwent a five-day-a-week training over two months before the competition.

Looking ahead, the Tawan Taekwondo Club plans to enter 45 fighters in the Korean Ambassador’s Cup, supported by six trainers and the club’s president. With high hopes and a goal of securing 25 gold medals, the club aims to replicate their success from two years ago.

“I would always reassure my students to do their best despite the results. Because, in the end, winning or losing doesn’t matter; it’s all about gaining new experience,” she added.

Apart from their recent victory in Bangkok, the club also triumphed at the Governor of Vientiane’s Cup in June.

Source: https://laotiantimes.com/2024/08/23/tawan-taekwondo-shine-with-gold-at-international-championship/

Southeast Asian nations can expand women’s economic participation and thus spur more equitable growth and development by investing in the care economy. A new UN Women data snapshot titled Women’s Economic Empowerment and the Care Economy in ASEAN, released before the Association of Southeast Asian Nations Women Leaders’ Summit in Vientiane on 23 August, supports the adoption of the new ASEAN Declaration on Strengthening the Care Economy and Resilience Towards ASEAN Community Post-2025.

The data snapshot shows that women’s participation in the region’s labor force is systematically lower than men’s partly due to women’s unequal share of care responsibilities in households. In addition, many of the paid caregiving jobs held by women are in the informal economy in which workers are especially vulnerable.

The data snapshot points to the structural barriers to gender equality in the world of work and calls for transforming care systems to increase opportunities for women and girls to fully participate in economies and societies.

The data snapshot says that expanding care services, such as kindergartens, and enhancing care-supporting workplaces through parental leave can ease the time constraints on women and girls with care responsibilities.  Improving the status of women workers in the care economy requires expanding social protections and improving labor conditions, including wages, equal opportunities, and freedom from discrimination, harassment and violence.

The snapshot says that to uphold the promise to leave no one behind, efforts to transform care systems need to include vulnerable groups such as girls, single women with children, and women in old age.

“Gender data shows that one of the biggest obstacles to women’s economic empowerment is the unequal burden of unpaid care and domestic work on women,” said Christine Arab, Regional Director of UN Women Asia and the Pacific. “By addressing structural barriers and improving working conditions and compensation through gender-transformative policies and programs, we can create an environment that offers equal opportunities, empowers women, and promotes economic rights for everyone in ASEAN.”

Source: https://laotiantimes.com/2024/08/22/asean-leaders-urge-boost-in-care-economy-investment-to-empower-women-drive-inclusive-growth/

On 20 August, Vientiane Capital’s Department of Information, Culture, and Tourism (DICT) issued a notice banning the importation of Buddha images and Buddhist relics in an attempt to promote locally made artifacts.

The notice emphasized the importance of supporting local artists and artisans by encouraging the use of locally produced Buddha images.

Individuals or legal entities wishing to import items must obtain permission from the Department of Information and Culture (DICT) in Vientiane at least two weeks before the importation. Only relics originally discovered or created in Laos, or those exported from Laos for modifications, are eligible for import. Artifacts featuring languages or symbols that do not comply with Lao law and culture are strictly prohibited.

For first-time violators, a fine of LAK 3 to 5 million (USD 136 – 226.9) will be imposed. A second violation will result in an increased fine of LAK 5 to 10 million (USD 226.9 – 453.98). For a third offense, the fine could range from LAK 10 to 15 million (USD 453.98 – 680.97), and the violator may also face arrest. Additionally, violators will be responsible for managing the return of the illegally imported items, including any associated costs and documentation.

The government’s move has garnered praise from social media users, particularly on Facebook

One user commented, “This is definitely a good move considering the fact that there are many opportunists trying to traffic religious relics into some temples without the awareness of the Lao government.” 

Another user added, “This law should be applied to other provinces as well, not just the capital.”

Despite the support, some individuals view this move as insignificant and are urging the government to address what they consider more pressing issues.

“Maybe they should release a notice on how they are going to fix the roads instead. This is a more concerning aspect of the country that many are suffering from,” remarked another Facebook user.

As the new regulation takes effect, its impact on the preservation of Lao culture and the protection of religious artifacts will be closely watched, as will the public response to its enforcement.

Source:

On 19 August, an investment handover ceremony was held at the Pan-Asia International Laos’ headquarters in the Thatluang Lake Special Economic Zone in Vientiane. 

The ceremony marked the successful completion of the first phase of a USD-400-million investment between Laos Pan-Asia International (Forest City Project) and International Holding Hamdaoui Capital Trading Group.

International Holding Hamdaoui Capital Trading Group, a global financial services provider, brings extensive expertise in financial marketing, market research, portfolio management, and corporate expansion, among other economic services. This cooperation aims to leverage their capabilities to drive forward real estate, infrastructure, and green energy projects in Laos.

The collaboration between Laos Pan-Asia International (Forest City Project) and International Holding Hamdaoui Capital Trading Group is expected to launch new market opportunities and drive sustainable growth through new approaches.

Construction of the Pan Asia International and Forest City projects commenced on 5 November, 2019. In just under five years, the Pan Asia International Office Building 8, Residential Buildings 9 and 10, and Apartment Building 6 have reached their final heights. Similarly, Forest City Apartment Building 5 and Residential Buildings 6 and 7 have also been topped out.

Source: https://laotiantimes.com/2024/08/21/investment-milestone-celebrated-in-vientianes-thatluang-lake-zone/

Laos might not be the first name that comes to mind when planning a Southeast Asian adventure, but Lonely Planet’s latest roundup proves it’s a country brimming with hidden treasures.

Often overlooked, Laos offers a variety of natural landscapes, cultural experiences, and off-the-beaten-path destinations. From ancient archaeological sites to peaceful river journeys, Lonely Planet’s latest list of the top ten places to visit highlighted some of the best spots to explore across Laos. According to the tourism magazine:

1. Luang Namtha: Ideal for adventures and outdoor activities. The Nam Ha National Protected Area provides opportunities for trekking, kayaking, and cultural experiences with local ethnic groups.

2. Vang Vieng: Known for its natural landscapes, Vang Vieng is perfect for tubing along the river, rock climbing, or taking in the views from a hot air balloon.

3. Plain of Jars: This archaeological site in Xieng Khouang features hundreds of large stone jars scattered across a plateau. Their origin remains a mystery, making it a fascinating place for history buffs.

Xieng Khouang Province to Lease Plain of Jars to Boost Tourism
Plain of Jars in Xieng Khouang Province, Laos. (Photo: Remote Lands)

4. Phongsali: Located in northern Laos, Phongsali is a quiet, off-the-beaten-path destination. Here, tourists can enjoy mountain views and see traditional life among local ethnic groups. The area is also known for its tea plantations, making it a peaceful escape from more crowded spots.

5. Luang Prabang: A UNESCO World Heritage site known for its mix of traditional temples and colonial architecture.

6. The Mekong River: Tourists can experience local life and scenic views on a slow boat journey down the Mekong. The trip can be a relaxed way to see rural Laos and visit small riverside villages.

MRC Makes Strides to Promote Responsible Water Resources Management and Development
Mekong River in Laos’ Luang Prabang (photo: iStock)

7. Si Phan Don: Also known as the “Four Thousand Islands,” this area in southern Laos boasts a laid-back atmosphere and several local waterfalls.

8. Elephant Conservation Center: Located near Nam Tien Lake in Xayabouly Province, this center focuses on protecting Laos’ elephants. Visitors can learn about conservation efforts and observe the elephants in a natural setting.

Elephant Conservation Ongoing Priority for Wwf-Laos Following Devastating Deaths
Elephants in their natural habitat at the Elephant Conservation Center in Xayaboury. (Photo: ECC)

9. Nong Khiaw: A small town surrounded by mountains and the Nam Ou River. It’s a typical spot for hiking and kayaking while exploring local villages.

10. Vieng Xai: These caves, used as a refuge during the “Secret War,” offer a look into Laos’ wartime history. Touring the caves provides insight into this period and the challenges faced by those who lived there.

Lonely Planet’s list brings Laos into focus. Each listed location offers a unique experience, from adventure and relaxation to cultural discovery.

Source: https://laotiantimes.com/2024/08/21/the-best-of-laos-must-visit-spots-according-to-lonely-planet/