Mon, 06 Feb 2023

VIENTIANE, Nov. 23 (Xinhua) -- The Lao government cabinet has pledged to intensify its efforts to fulfill two national agendas on addressing economic and financial difficulties and curbing the drug trade.

Cabinet members on Tuesday unanimously agreed on stronger action at their monthly meeting, while also reviewing the progress made in fulfilling the agendas in 2022 and outlining the work plan for 2023.

Lao Prime Minister Phankham Viphavanh instructed the relevant bodies to expedite the improvement of the business environment to better facilitate business operations, according to Lao National Radio report.

The instruction was issued during the government's two-day cabinet monthly meeting, which wrapped up on Tuesday.

The meeting approved draft amendments to the decree on the Small and Medium Enterprise Promotion Fund. The amendments redefined the scope of micro, small and medium-sized businesses.

Authorities in charge were told to take action to plug loopholes to prevent revenue leaks and do more to fulfill the government's national austerity policy.

The cabinet also resolved to escalate efforts to reform state enterprises in accordance with the plan.

Participants agreed on the need to address unemployment and to improve the skills of the Lao workforce in order to meet the demand for goods, both in-country and for export.

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