Inflation is dealing crippling blows to countries worldwide, but few are suffering as much as Laos, which is also struggling under an oppressive debt crisis that has put it on the edge of default.
China’s debt trap diplomacy responsible for economic calamity in Sri Lanka
International experts warn that other debt-ridden countries — from Laos in Southeast Asia to Kenya in East Africa — are teetering toward a similar fate.
China’s debt trap diplomacy responsible for economic calamity in Sri Lanka
International experts warn that other debt-ridden countries — from Laos in Southeast Asia to Kenya in East Africa — are teetering toward a similar fate.
China is largest investor in Laos with over $16 billion so far
China continues to be the largest foreign investor in Laos, having invested about $16.4 billion into 833 projects so far Vientiane Times cited planning and investment minister Khamjane Vongphosy as …
Vietnam, Laos strengthen economic cooperation in par with special political relationship
Prime Minister Pham Minh Chinh suggested Vietnam and Laos further coordinate to seek solutions to bring economic cooperation on par with their special political ties, while receiving Lao Vice …
PM suggests bringing Vietnam-Laos economic cooperation on par with political ties
Prime Minister Pham Minh Chinh suggested Vietnam and Laos further coordinate to seek solutions to bring economic cooperation on par with their special political ties, while receiving Lao Vice …
Cultivating great friendship and special solidarity between Vietnam and Laos
Today, the Parties, States and peoples from Vietnam and Laos celebrate the 60th anniversary of their diplomatic ties and the 45th anniversary of the signing of the Vietnam-Laos Treaty of Amity and …
Laos govt makes call for increased production of fertiliser and animal feed
The Laos government is encouraging private businesses to invest more in the production of fertiliser and animal feed, in response to the surge in market demand.
Laos govt makes call for increased production of fertiliser and animal feed
The Laos government is encouraging private businesses to invest more in the production of fertiliser and animal feed, in response to the surge in market demand.
Why China Can’t Let Laos Default
Laos faces intensifying economic and financial crises and there is likely no way out without some form of a Chinese bailout or debt forgiveness.