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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.
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 ...
Name Abbv. Established Capital Website Notes Banque pour le Commerce Exterieur Lao Public BCEL 2 December 1975 bcel.com.la: Lao Development Bank
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 Bank of Laos governor announced on January 25, 2012, that the Bank of Laos would issue 100,000 Kip banknotes as a regular issue on February 1, 2012 (but dated 2011) to encourage Lao people to use the national currency instead of U.S. dollars and Thai baht. As of 2019, the ₭500 note is the smallest one commonly in circulation.
Laos is served by a Russian Intersputnik satellite that covers the Indian Ocean region. In 1998 there were 12 AM stations and one FM station. In 1997 there were an estimated 730,000 radios in the country. In 2011 Laos had three television channels. In 2000 there was one Internet service provider, by 2002 serving about 10,000 users.