The 9th National Assembly of Laos on June 13 convened its third session in Vientiane to hear reports and discuss important matters in addressing the nation’s economic difficulties.
Vientiane (VNA) – The 9th NationalAssembly of Laos on June 13 convened its third session in Vientiane to hearreports and discuss important matters in addressing the nation’s economic difficulties.
In his speech at the opening ceremony, Lao NA ChairmanXaysomphone Phomvihane said the legislators will opine on the Prime Minister’sreport on the implementation of the national socio-economic development, Statebudget and monetary plans in the first six months of 2022 as well as furtherconduction of the plans in the remaining half.
The meeting will also consider the government's report onthe implementation of two national programmes on addressing economic and financialdifficulties; and another on drug issues. The government is also expected to briefthe NA about the reform plan of state-owned enterprises, the reopening of thecountry, and quality improvement of teaching and learning at all educationallevels.
Lawmakers are set to discuss and vote on three new draft laws andamendments to nine draft laws including those on fine arts, and on weapon andexplosive management.
The ADB said in a recent report that Laos has made solid progress towards achieving its nationally determined contributions (NDCs) under the Paris Agreement, aimed at achieving net-zero emission.
Laos enjoyed increasing trade surplus in three consecutive months of this year, despite the continuing depreciation of the Kip and rising costs of production and consumables.
The Government of Laos has agreed with contractors to conduct a feasibility study for the construction of an expressway from Houaphanh province to the border with Vietnam under an agreement signed recently, Vientiane Times reported.
A major supplier in Laos has said that petrol supplies in this country may face “some gaps” after the government held an emergency meeting to address soaring prices and panic buying.
Laos’ inflation increased to a record of 12.8 percent in May against the same period last year, according to the latest statistics from the Lao Statistics Bureau.
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