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Govt approves measures to spur economic growth

The government has adopted measures to stimulate economic growth while also taking steps to curb inflation, which could cause hardship if it spirals higher.
The government’s monthly meeting held in Vientiane on Wednesday, chaired by Prime Minister Thongloun Sisoulith, also approved a report on domestic and global affairs.
Concerning a draft law on health insurance and a draft of the amended land law, the government instructed the relevant sectors to revise them based on recommendations from cabinet members. They will then be submitted for debate at the next government meeting.
Meeting participants noted accomplishments achieved this month, notably the government’s efforts to increase revenue in the second quarter of this year.

The government is concerned that rising fuel prices could continue to drive up inflation and has devised stronger measures to tackle the issue.
The government has also tried to revise regulations and collaboration mechanisms to improve the business climate while pushing for further implementation of projects financed by the Chinese and Vietnamese governments.
Meanwhile, it was noted that progress has been made in transferring mining investment projects from the Party’s Fund to government supervision.
The reform of state enterprises, namely Electricite du Laos (EDL) and Lao Airlines, was also reported on.  
Government leaders including the Prime Minister and Deputy Prime Ministers have visited a number of provinces in a bid to accelerate development efforts.
During the meeting, PM Thongloun called on cabinet members to pay more attention to public security and social order in order to facilitate social and economic development.
Government members were instructed to keep abreast of changes in global affairs and to prepare for Party and State leaders to attend regional and international meetings.
President Bounnhang Vorachit is scheduled to pay a state visit to China while Prime Minister Thongloun plans to attend the 24th International Conference on the Future of Asia in Japan and 8th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Meeting to be hosted by Thailand in June.
Mr Thongloun asked the relevant sectors to prepare reports to explain and respond to questions raised by National Assembly members during the legislative body’s next ordinary session, to be held in June.
Eleven laws will be submitted for debate at the session but all government sectors need to be well prepared and submit their reports for debate.
In addition, all sectors must actively mark National Arbour Day and International Children's Day on June 1 to raise awareness among children about the need to cherish the natural environment and protect forestry resources.
Government bodies should also provide activities for children during the school holidays to keep them out of trouble and away from the temptation of drug use so that they learn how to be useful members of society. 

By Somsack Pongkhao
(Latest Update
May 25,
2018


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