The State Bank of Vietnam and the Bank of Laos have jointly organised a conference to share experience in promoting the use of respective domestic currencies in bilateral trade and investment cooperation activities to prevent external risks.

The year-on-year inflation rate of Laos rose to 4.7 percent in July, highest level recorded since August last year, reported the Lao Statistics Bureau.

A ceremony has been held in Vientiane to mark two years of operation of U-Money e-wallet provided by Unitel, a joint venture between Viettel of Vietnam and a Lao company.

The Lao Government on April 2 issued a series of urgent measures to ease difficulties in production and business, as well as ensure social welfare amid the outbreak of the COVID-19 pandemic.