The Lao central bank strives to stabilise kip (LAK) (Photo: theculturetrip.com)
Vientiane (VNA) – The Bank of the Lao PDR (BOL) has issued a decision on foreign exchange ratesetting to guide commercial banks in foreign c🌌urrency trading.
The move allows commercial banks to have a more flexiblemargin in buying and selling foreign currencies, thereby stabilising the value of the local currency, the kip (LAK). Specifically, commercial banks are allowed to set theexchange rate each day based on the reference rate set by the BOL. Accordingly, the buying and selling rates of the LAK/USDof commercial banks must not differ by more than /-4.5% compared to thereference rate of the BOL. The new decision does not limit the amplitude of theexchange rate between the LAK and the EUR , THB, CNY and other currencies, allowing forpossible deviations from the BOL reference rate. However, in all exchange rates, the gap between thebuying and selling rates should not exceed 1%. Commercial banks are required toreport the value of their foreign exchange transactions to the BOL on a dailybasis, with separate reports for each currency. In 2023, the Lao government has committed to furthertighten the exchange rate based on a market-oriented mechanism but under statemanagement./.
Trade promotion agencies of Laos and Cambodia have reaffirmed their commitment to promoting business cooperation, during a recent bilateral meeting in the Lao capital city of Vientiane that was joined by leading Cambodian entrepreneurs.
Party General Secretary Nguyen Phu Trong on February 17 received Secretary and Chief of Office of the Lao People’s Revolutionary Party (LPRP) Central Committee Thongsalith Mangnomek, who is on a working visit to Vietnam.
A delegation from the Lao People’s Revolutionary Party (LPRP) Central Committee's Office led by Thoongsalith Mangnomek, Secretary of the Committee and Head of the office, visited the centre of the Vietnamese craft village quintessence and Vin University (VinUni) in Hanoi's Gia Lam district on February 18.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
The Lao central bank strives to stabilise kip (LAK) (Photo: theculturetrip.com) 
