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The economy of Laos is a lower-middle income developing economy.Being a socialist state (along with China, Cuba, Vietnam, and North Korea), the Lao economic model resembles the Chinese socialist market and/or Vietnamese socialist-oriented market economies by combining high degrees of state ownership with openness to foreign direct investment and private ownership in a predominantly market ...
Ongoing — COVID-19 pandemic in Laos. 7 July – The government of Laos discusses the purchase of oil from sanctions-hit Russia as the country faces oil shortages and is nearing a debt default. [1] 29 August – 2022 Laos floods: Recent flash floods caused by heavy rainfall in northern Laos have caused at least 5.6 billion Lao kips in damage. [2]
Coin exchange crisis of 692.Byzantine emperor Justinian II refuses to accept tribute from the Umayyad Caliphate with new Arab gold coins for fear of exposing double counting in the Byzantine financial system (actual weight less, than nominal quantity), which leads to the Battle of Sebastopolis and the revolt of taxpayers who burned financial officials in a copper bull.
The Southeast Asian bloc ASEAN met in Laos on Wednesday as it seeks to advance a stalled bid to resolve a crisis in Myanmar and cool tensions in the South China Sea, days ahead of a gathering of ...
The Ministry of Finance is a government ministry of Laos responsible for public finances according to party regulation, guideline and policy. [1]
The foreign relations of Laos, internationally designated by its official name as the Lao People's Democratic Republic, after the takeover by the Pathet Lao in December 1975, were characterized by a hostile posture toward the West, with the government of the Lao People's Democratic Republic aligning itself with the Soviet bloc, maintaining close ties with the Soviet Union and depending heavily ...
Today, they have 85 buffalo on the farm and hope to increase the number to 150 in 2024. - Laos Buffalo Dairy Villagers around Luang Prabang travel up to two hours to bring their pregnant buffalo ...
The 1997 Asian financial crisis was a period of financial crisis that gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion . [ 1 ]