VIENTIANE (Laotian Times): The Lao government is moving to restructure the Lao State Fuel Company (LSFC) into a public–private joint venture as part of its broader overhaul of major state-owned enterprises, according to a report presented to the National Assembly this weekend.
Officials detailed the reform plan during the 10th Ordinary Session of the 9th Legislature of the National Assembly (NA), held from 10 to 21 November. The report states that LSFC is currently seeking partnerships with financially capable private investors to improve operational efficiency and strengthen its financial position.
