Lao People's Democratic Republic: Energy Sector Assessment
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Evaluation of the EC Cooperation with the LAO
Evaluation of EC co-operation with the LAO PDR Final Report Volume 2 June 2009 Evaluation for the European Commission This evaluation was commissioned by: Italy the Evaluation Unit common to: Aide à la Décision Economique Belgium EuropeAid Co-operation Office, Directorate-General for Development and PARTICIP GmbH Germany Directorate-General for External Relations Deutsches Institut für Entwicklungspolitik Germany Overseas Development Institute United Kingdom European Institute for Asian Studies Belgium Istituto Complutense de Estudios Internacionales Spain The external evaluation team was composed of Landis MacKellar (team leader), Jörn Dosch, Maija Sala Tsegai, Florence Burban, Claudio Schuftan, Nilinda Sourinphoumy, René Madrid, Christopher Veit, Marcel Goeke, Tino Smaïl. Particip GmbH was the evaluation contract manager. The evaluation was managed by the evaluation unit who also chaired the reference group composed by members of EC services (EuropeAid, DG Dev, DG Relex, DG Trade), the EC Delegations in Vientiane and Bangkok and a Representative of the Embassy of the LAO PDR. Full reports of the evaluation can be obtained from the evaluation unit website: http://ec.europa.eu/europeaid/how/evaluation/evaluation_reports/index_en.htm The opinions expressed in this document represent the authors’ points of view, which are not necessarily shared by the European Commission or by the authorities of the countries concerned. Evaluation of European Commission’s Cooperation with ASEAN Country Level Evaluation Final Report The report consists of 2 volumes: Volume I: FINAL REPORT Volume II: Annexes VOLUME I: DRAFT FINAL REPORT 1. Introduction 2. Development Co-operation Context 3. EC strategy and the logic of EC support 4. Findings 5. Conclusions 6. -
Securities Commission Organization and Stock Exchange Development in Vietnam and Laos
Southeast Asian Journal of Economics 8(2), December 2020: 129-158 Received: 4 July 2019 Revised: 12 November 2019 Accepted: 27 January 2020 Securities Commission Organization and Stock Exchange Development in Vietnam and Laos Somvixay Chanthavong Graduate School of Asian and African Area Studies, Kyoto University, Kyoto, Japan Corresponding author: [email protected] Abstract This paper investigates stock exchange evolution in Vietnam and Laos through reviewing previous literature, synthesizing the capital market structure, and evaluating the capacity of the regulatory agencies, with an aim to provide a big picture of how the stock markets have developed. This study uses OLS and Tobit regression analysis to explain the associated indicators of stock exchange development in the selected countries. I find that the stock exchange in Vietnam has undergone dramatic development. However, inadequacy of securities law, low free-float of shares, and an undiversified investor base are reported as challenges. The stock exchange in Laos is still in its initial stages of development and is confronted with various challenges, including limited and undiversified products of listed companies, low liquidity, and a small in- vestor base. Keywords: Stock exchange, capital market, securities commission, Vietnam, Laos. 130 • Southeast Asian Journal of Economics 8(2), December 2020 1. Introduction The economic system in every country differs depending on local history and perceptions of national direction platforms, especially in socialist countries. These states, which have one party and call themselves socialist nations, can be different and have unique characteristics in terms of political, economic, and social management systems. There is no exception with the two existing socialist country members of the Association of Southeast Asian Nations (ASEAN), namely the Socialist Republic of Vietnam (hereafter Vietnam) and the Lao People’s Democratic Republic (hereafter Laos). -
Corporate Governance in Lao PDR
OECD INVESTMENT POLICY REVIEWS: LAO PDR © OECD 2017 Chapter 4 Corporate governance in Lao PDR This chapter provides an overview corporate governance framework in the Lao People’s Democratic Republic (Lao PDR). It addresses ongoing reforms to the ownership and governance of state-owned enterprises and challenges in expanding the capital market. OECD INVESTMENT POLICY REVIEWS: LAO PDR © OECD 2017 133 4. CORPORATE GOVERNANCE IN LAO PDR Summary Corporate governance concerns the structure framing the relationships among a company’s executive management, board of directors, shareholders, and stakeholders. From the perspective of modernising legal and regulatory frameworks for investment, effective corporate governance critically affects individual firm behaviour as well as broader macroeconomic activity. For emerging market economies, improving corporate governance can reinforce property rights, reduce transaction costs, and lower the cost of capital, which together can improve investor confidence. The Asian financial crisis in 1997 acted as a significant catalyst for improving corporate governance frameworks in Asia with the aim of building well-functioning and stable financial markets. While the Lao authorities have made progress in recent years in the area of corporate governance, the overall legal and regulatory corporate governance framework remains challenging, with scattered inconsistencies and at times limited awareness by market participants. This section evaluates the current and evolving institutional framework for corporate governance in Lao PDR, using as a benchmark the G20/OECD Principles of Corporate Governance and the OECD Guidelines on Corporate Governance of State-owned Enterprises (Box 4.1).1 Developing a corporate governance framework Since 1986, Lao PDR has undertaken important reforms in its transition to a market economy. -
Laos Malaria General Malaria Information: Predominantly P
Laos Malaria General malaria information: predominantly P. falciparum. Transmission occurs throughout the year and is highest from May through October. Human P. knowlesi infection has been reported but is rare in travelers. Issues to Consider Factors favoring chemoprophylaxis Location-specific recommendations: • Adventure travel Chemoprophylaxis is recommended for all travelers: throughout the southern half of the country; most lowland areas in the • Risk-averse and vulnerable travelers northern half of the country; all cities and towns within these areas. • Areas subject to infrequent epidemics Chemoprophylaxis is recommended for certain travelers (see Issues to Consider box): all other areas not mentioned above • Immigrants visiting friends and relatives except Vientiane Prefecture and the central urban areas of Luang Prabang and Xam Neua. • Flexible itineraries Insect precautions only are recommended (negligible transmission reported): rural areas of Vientiane Prefecture; the central • Travel longer than 1 month urban areas of Luang Prabang and Xam Neua. • Unreliable medical expertise and/or treatment drugs at destination No preventive measures are necessary (no evidence of transmission exists): the city of Vientiane. Factors against chemoprophylaxis Preventive measures: Evening and nighttime insect precautions are essential in areas with any level of transmission. • Air-conditioned hotels only Atovaquone-proguanil (Malarone or generic) and doxycycline are protective in this country. • Urban areas only • Non-transmission season • Minimal -
LIWG Newsletter Volume 6
The 6th quarterly Newsletter of Land Information Working Group LIWG Newsletter Volume 6 January - March 2019 VOL.6 Welcome to the 6th issue of LIWG Newsletter. The issue covers activities from January – March 2019. In this issue, we have provided updates on activities implemented by the Secretariat, its members and its network related to land advocacy, natural resource protection, and the promotion of human rights related to land and natural resource tenures. For more updates, please keep following us on our Webpage and Facebook, and if you have comments and suggestions, please send us an email at: [email protected] Stories inside: Highlight story... Meeting and workshop organized by LIWG Working Group/Taskforce Meetings and Workshops which the LIWG secretariat attended LIWG‟s Initiatives and members Story of the months Communication and News updates LIWG next quarterly topics (April – June 2019) 400 year tea trees in Phongsaly district, Phongsaly province. Photo by LIWG Key fact: “ 60,000 people from 12,000 families in more than From visiting different communities, we have learnt the 200 villages across Laos are relocated to make way importance of land tenure security to local farmers because for power projects. Top 4 dam projects relocated they rely on land to produce tea or another crop-like cardamom people the most are: Nam Tha 1 dam, Nam Theun 2 for making their livelihoods and earning incomes. Dam, Xayaburi dam, and Theun-Hinboun Dam.” Read more inside on page 2….. - Source: Vientiane Times and ABC Laos News LIWG Newsletter, Issue 6: January - March 2019 2 I. Meeting and workshop organized by LIWG secretariat 1. -
Construct a Beautiful Tomorrow with Power and Love with Power a with Power an Construct a B Construct a Beautiful Tomorrow Ul To
Laos Sustainability Report of Power Construction Corporation China Construct a Beautiful Tomorrow with Power and Love Luang Prabang Vientiane Power Construction Corporation of China Address: No.22, Chegongzhuang West Road, Haidian District, Beijing Laos Sustainability Report Tel: 010-58366986/58368664 E-mail:[email protected] Website: http://www.powerchina.cn Listen to the voice of stakeholders PowerChina has put much effort in developing the Laotian Commission of the State Council, the survey of Research market for over 20 years, and has successfully built an on Overseas Social Responsibility of Central Enterprises international business operations pattern of “a big market in organized by the Corporate Social Responsibility Research a small state”. The company’s accumulative contract amount Center under China Academy of Social Sciences was in Laos is USD5.2 billion, and its accumulative conducted for PowerChina’s engineering projects in Laos. Field interviews were carried out to listen to the true voice investment reaches USD3 billion, involving areas of stakeholders. In the survey, to the question “Please like hydropower development, municipal construction, roads, score PowerChina’s performance of social responsibility”, railways, construction materials and mineral products. almost all the interviewees spoke highly of the company’s In September 2017, commissioned by the General Bureau performance of social responsibility. of State-owned Assets Supervision and Administration Very good Excellent Sysonphon Phinneuang Saysamon Khomthavong -
Bank of the Lao PDR Branches
Contents Governor’s Statement ..................................................................................................................................... 1 I. Economic Growth ............................................................................................................................... 6 1.1. Service Sector ............................................................................................................................. 6 1.2. Industry Sector ........................................................................................................................... 6 1.3. Agriculture Sector ...................................................................................................................... 6 1.4. Inflation ...................................................................................................................................... 6 II. Public Finances ................................................................................................................................... 7 2.1. Fiscal Performance ..................................................................................................................... 7 2.2. Revenue ...................................................................................................................................... 7 2.3. Expenditure ................................................................................................................................ 8 2.4. Financing ................................................................................................................................... -
BTI 2016 | Laos Country Report
BTI 2016 | Laos Country Report Status Index 1-10 3.83 # 107 of 129 Political Transformation 1-10 2.90 # 120 of 129 Economic Transformation 1-10 4.75 # 86 of 129 Management Index 1-10 3.68 # 104 of 129 scale score rank trend This report is part of the Bertelsmann Stiftung’s Transformation Index (BTI) 2016. It covers the period from 1 February 2013 to 31 January 2015. The BTI assesses the transformation toward democracy and a market economy as well as the quality of political management in 129 countries. More on the BTI at http://www.bti-project.org. Please cite as follows: Bertelsmann Stiftung, BTI 2016 — Laos Country Report. Gütersloh: Bertelsmann Stiftung, 2016. This work is licensed under a Creative Commons Attribution 4.0 International License. BTI 2016 | Laos 2 Key Indicators Population M 6.7 HDI 0.569 GDP p.c., PPP $ 5320.4 Pop. growth1 % p.a. 1.6 HDI rank of 187 139 Gini Index 37.9 Life expectancy years 68.2 UN Education Index 0.436 Poverty3 % 63.3 Urban population % 37.6 Gender inequality2 0.534 Aid per capita $ 64.0 Sources (as of October 2015): The World Bank, World Development Indicators 2015 | UNDP, Human Development Report 2014. Footnotes: (1) Average annual growth rate. (2) Gender Inequality Index (GII). (3) Percentage of population living on less than $3.10 a day at 2011 international prices. Executive Summary In the past two years in Laos, the ruling Lao People’s Revolutionary Party (LPRP) has continued to pursue rapid economic growth while strengthening its power over the political sphere. -
Executive Summary, Salavan Province
Executive Summary, Salavan Province Salavan is a southern province of Laos. Covering an area of 16,389 km2 (6,328 sq. mil.), it borders Savannakhet Province to the north, Vietnam to the east, Xekong Province to the southeast, Champasak Province to the south and Thailand to the west. It has a total population of approximately 397,000 people and is divided into 8 districts and 588 villages. Bearing the same name as the province, Salavan City – the provincial capital – sits atop Bolaven Plateau, an ancient volcano that erupted millions of years ago. The city is the administrative, economic, and cultural center of the province. It is reachable by routes 15, 20 and 23. The province is home to 10 distinctive ethnic groups, many of which are small in population, but have their own language. Their houses, lifestyles, beliefs, cultures and rituals are unique and very fascinating. Once this region is easily accessible by road, it will become a popular cultural tourism destination. Lao PDR, Salavan Province. Call Now: +856-034 211028 Xe Xap National Protected Area starts just to the east of Ta Oy and expands eastward beyond the Lao-Vietnamese border. It is an important bird sanctuary for the country and home to a variety of evergreens. On the northwest of the province, there is Xe Bang Nouan National Protected Forest. Phou Xieng Thong Forest Reserve is the only national protected area on the Mekong River. It covers the entire western border of Salavan and a part of Champasak territory. Currently, there are 327 investment projects operating in the province, 106 of which are privately owned. -
Pakse Lao People's Democratic Republic
Pakse Lao People’s Democratic Republic Climate Change Vulnerability Assessment Pakse, Lao People’s Democratic Republic Climate Change Vulnerability Assessment Pakse, Lao People’s Democratic Republic - Climate Change Vulnerability Assessment Copyright © United Nations Human Settlements Programme (UN-Habitat) First edition 2014 United Nations Human Settlements Programme P.O. Box 30030, Nairobi 00100, Kenya E-mail: [email protected] www.unhabitat.org HS Number: HS/028/14E ISBN Number (Series): 978-92-1-132400-6 ISBN Number (Volume): 978-92-1-132617-8 DISCLAIMER The designations employed and the presentation of material in this document do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries, or regarding its economic system or degree of development. The analysis conclusions and recommendations of this publication do not necessarily reflect the views of the United Nations Human Settlements Programme or its Governing Council. Cover photo © Alyssa Grinberg ACKNOWLEDGEMENTS Principal Author: Edward Allen Contributing Authors: Aurelie Phimmasone, James Huggins, Liam Fee Reviewers: Bernhard Barth, Alyssa Grinberg, Avi Sarkar Summarised by: Ian Barnes Editor: Ian Barnes Design and Layout: Kenan Mogultay and Deepanjana Chakravarti Contents 01 Introduction 01 1.1 Cities and Climate Change Initiative ...................... 01 1.2 UN-Habitat’s Cities And Climate Change Initiative ...................... 01 02 Overview of the City 02 2.1 Pakse: Overview ...................... 02 2.2 Economy ...................... 03 2.3 Gender ...................... 03 2.4 Governance ...................... 04 03 City-Wide Vulnerability - Scoping Exposure, Sensitivity and Adaptive Capacity 05 3.1 Assessment Framework ...................... -
Along the Ho Chi Minh Trail Tour Dossier Discovery Tour │24 Days│Active Hanoi – Sapa – Dien Bien – Nong Khiaw – Xam Neua – Vinh – Dong Hoi – Hue – Hoi An
Along the Ho Chi Minh Trail Tour Dossier Discovery Tour │24 Days│Active Hanoi – Sapa – Dien Bien – Nong Khiaw – Xam Neua – Vinh – Dong Hoi – Hue – Hoi An Used during the Vietnam War by North Vietnamese and the Vi et Cong as a means of evading their enemies, the Ho Chi Minh Trail provides an exciting alternative route to the usual costal path. Tour Highlights: Hanoi - Exploration of this charming, historical centre & its French provincial influences Halong Bay - Vietnam’s ‘jewel in the crown’; the stunning beauty of the 3,000 islets of the Gulf of Tonkin Sapa – A French Hill station nestled within the mountains high above Hanoi and is home to many colourful ethnic groups. Dien Bein - War sites A1 Hill, French Tunnel and Dien Bien Museum Sam Neua - Visit Viengxay where the headquarters of the communist Pathet Lao were forced during the American War Phonsavanh - The gateway to the Plain of Jars; an archaeological landscape where large jars made from solid stone are scattered Dong Hoi - The Ho Chi Minh Trail Phon Nha - Trek along the “Secret Route” which was used in the war time by the soldiers to hide from the bombs dropped by the Americans Hue - The country’s former capital Hoi An - Discover this charming UNESCO World Heritage listed site Along the Ho Chi Minh Trail tour inclusions . Return international economy flights, taxes and current fuel surcharges (unless a land only option is selected) . All accommodation . Most meals as specified on the below itinerary . All sightseeing and entrance fees . All transportation and transfers . English-speaking National Escort (if your group is 10 or more passengers) . -
The Loss of the Ou River by Saimok
The Loss of the Ou River By Saimok “Talaeng taeng talam bam!” Sounds of warning: “I am coming to get you!” Khmu children play hide and seek along the banks of the Ou River in North- ern Laos. Ngoi district, Luangprabang province. November 2019. photo by author The Loss of 2 the Ou River The first time I saw the Ou River I was mesmer- Arriving in the northern province of Phongsa- ized by its beauty: the high karst mountains, the ly province by truck, I was surprised that this dense jungle, the structure of the river and the remote corner of the land of a million elephants flow of its waters. The majority of the people felt like a new province of China. Chinese lux- along the Ou River are Khmu, like me. We under- ury cars sped along the bumpy road, posing a stand one another. Our Khmu people belong to danger to the children playing along the dusty specific clans, and my Sim Oam family name en- roadside. In nearly every village I passed, the sures the protection and care of each Sim Oam newer concrete homes featured tiles bearing clan member I meet along my journey. Mao Zedong’s image. “I’ve seen this image in many homes in this area. May I ask who he is?” I Sim Oam is similar to a kingfisher, and as mem- asked the village leader at a local truck stop. bers of the Sim Oam clan, we must protect this animal, and not hunt it. If a member of our clan breaks the taboo and hunts a sim oam, his teeth will fall out and his eyesight will become cloudy.