Japan’s Prime Minister Yukio Hatoyama and Lao President Choummaly Sayasone have agreed to promote bilateral economic ties, with Japan committing to expanding its official development assistance (ODA).
Vietnam and Laos have agreed to jointly conduct a feasibility study on construction of the Nammo hydropower plant, a critical project to ensure local supply and energy export to Vietnam.
Officials of the Lao government and the Asian Development Bank (ADB) met in the capital city of Vientiane on February 22 to discuss a new partnership strategy for the 2012-2016 period.
The real estate and golf course project in the outskirts of Vientiane, Laos, funded by Vietnam’s Long Thanh Golf company, is aimed at implementing Lao government’s policy to improve people’s living standard and develop the country, said Anouphab Tunalom, Vientiane’s deputy mayor, on February 17.
Laos plans to put four hydro-power plants into operation this year, thus accelerating economic growth of the country, the Ministry of Energy and Mining said on Feb. 16.
Laos and China held a conference on Sharing Experience of the People’s Republic of China for the World Trade Organisation (WTO) Accession at Vientiane’s Lao Plaza Hotel on 11 February.
The World Bank (WB) will provide 46.5 mln USD in non-refundable aid to Laos under an agreement signed in the Laos’ capital city of Vientiane on Feb. 8.
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