VIENTIANE (Vientiane Times/Asia News Network): A major Lao business group - PTL Holding Company Limited - (PTLH) is set to assume management of the Vung Ang seaport in Vietnam’s central Ha Tinh province in November, a company representative has said.
1:13 PM MYT
Monks circumnambulate the That Luang stupa as part of Buon That Luang festival in Vientiane, Laos. Vientiane, Jan 23 (Vientiane Times/ANN): The famed Phathat Sikhottabong stupa festival in Thakhaek district, Khammuan province, will take place from February 26-29 but will have fewer activities than normal in light of the Covid-19 pandemic.
Deputy Head of Khammuan province’s Information, Culture and Tourism Department, Bounthavy Sisombath, told Vientiane Times that this year’s festival would consist of a wax castle procession on the second day and almsgiving on each of the three days of the festival.
Authorities don’t want to limit the number of people attending the festival but say everyone must comply with government guidelines to prevent the spread of the virus.
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A man walks around the That Luang Stupa in Vientiane. The temple is one of the most famous attractions for tourists in the Lao capital. AFP
Laos’ capital plans 30 large development projects to 2025
Wed, 30 December 2020
Vientiane authorities have pledged to carry out 30 large-scale development projects from now until 2025 in a bid to accelerate the Lao capital’s economic growth.
Most of these projects will be carried out through public-private partnerships under the Build-Operate-Transfer (BOT) model as the government is encouraging the private sector to build infrastructure and support the construction of other facilities.
Due to limited funding, the government is partnering with the private sector to finance development projects by offering incentives and improving the investment climate.