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Name Abbv. Established Capital Website Notes Banque pour le Commerce Exterieur Lao Public BCEL 2 December 1975 bcel.com.la: Lao Development Bank
Website. www .bol .gov .la. The Bank of the Lao P.D.R. ( Lao: ທະນາຄານ ແຫ່ງ ສ. ປ. ປ. ລາວ) is the central bank of Laos. It is also the bank of last resort, controlling the money supply, managing the country's reserves, and supervising the commercial banks operating in Laos. The bank is managed by an executive ...
On September 2, 2015, Lao National Television signed a cooperation agreement with Vietnam Television, and Lao National Television started producing and broadcasting Vietnamese-language news programs. In September 2019, with the aid of the People's Republic of China, LNTV Channel 3 was upgraded from standard definition to high definition.
The economy of Laos is a lower-middle income developing economy.Being one of the socialist states (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 ...
The National University of Laos is the Lao state's public university. As a low-income country, Laos faces a brain-drain problem as many educated people migrate to developed countries. It is estimated that about 37% of educated Laotians live outside Laos. Laos was ranked 110th in the Global Innovation Index in 2023. Culture
Local operators. In 2008 two operators, Lao Telecom and Unitel, were granted 3G licenses. Another two licenses were issued to ETL and Beeline in 2011. In 2012, the main ways to access Internet in Laos are: [9] 3G (up to 21 Mbps HSPA+) ADSL (up to 2 Mbps) WiMAX (up to 10 Mbps) 4G was introduced in 2015, and a new licensed ISP Lao Champa Internet.
The Laotian Chinese ( Lao: ຄົນລາວຈີນ) are Laotian citizens of Han Chinese ancestry. They constitute one of the many Overseas Chinese residing in Southeast Asia. At present, they constitute an estimated 1 to 2 percent of the Laotian population. The Laotian Chinese community have a disproportionately large presence in the ...
Law of Laos. The Laotian legal system is not determined by a democratic parliament or by legal precedent, but by the arbitrary rule of Laos's single party. The main source of law is legislation. There are two types of legislation: legislation of general application and legislation of specific application. [1]