The President of the National Assembly, Dr Xaysomphone Phomvihane, addressing the assembly on Dec 12. - VT
VIENTIANE: Laos' National Assembly (NA)'s ninth legislature has closed its eighth ordinary session, with the government instructed to take tougher action to address public debt, high inflation, spiralling costs, and fluctuating currency exchange rates.
The session passed resolutions aimed at bolstering political stability, maintaining social order, fostering economic growth, and promoting inclusive development across ethnic communities, Lao national TV reported on Friday (Dec 13).
The meeting approved reports on the implementation of the 2024 economic-social development plan, state budget, monetary policy, and the 2025 action plan.
The session urged the government to address inflation, stabilize exchange rates, and regulate commodity prices. It also called for increased state investment in cultural and social sectors, with an emphasis on workforce development, healthcare improvements, and expanded social security coverage.
To boost tourism and generate national income, the assembly emphasised the importance of upgrading infrastructure, including roads and facilities in key tourist destinations. - Xinhua
