Posts Tagged ‘Ministry of Finance’
November 5th, 2013
Vientiane Times, 5 Nov 2013
The National Committee for Special Economic Zones (NCSEZ) and the Ministry of Finance will work together to make a draft agreement on management policy and how to collect income from the Special and Specific Economic Zones in Laos.
Ms Bounpheng Mounphosay addresses the meeting.
This was revealed at a meeting on related topics held yesterday in Vientiane, chaired by the Minister to the Government Office and Vice President of the NCSEZ, Ms Bounpheng Mounphosay.
October 10th, 2013
Vientiane Times, 10 Oct 2013
The government has decided to take measures to penalise companies and government officials involved in the illegal export of logs to Vietnam through a checkpoint in Saravan province.
The Government Office recently issued an announcement suggesting the Ministry of Finance impose the measures they had drafted and presented to the government.
Prime Minister Thongsing Thammavong agreed and approved the measures following a report by the Finance Ministry that detailed the issue and suggested that an export company and several officials were involved in an illegal process, according to the announcement.
July 23rd, 2013
Vientiane Times, 23 July 2013
Customs officials in Khammuan province recently announced they confiscated illegal wood worth over 238 million kip in the first six months this year. The seized timber consists of 12,000 kg of may kha young (rosewood), valued at 200 million kip, 2.6 cubic metres of may kham phi (Burmese rosewood), worth 5 million kip, and 4.2 cubic metres of may du (Pterocarpus), valued at over 33 million kip.
July 19th, 2013
Vientiane Times, 19 July, 2013
National Assembly members have asked the government to explain irregularities in revenue collection and the reasons behind them when reporting on the state’s annual financial status. NA members made the suggestion when debating the government’s national socio-economic development plan at the ongoing ordinary NA session.
July 8th, 2013
Vientiane Times, 8 July, 2013
Finance Minister Phouphet Khamphounvong last week issued an instruction to various departments to pay more attention in managing wood exports, aiming to ensure that all revenues from timber flow to the national budget. In the past years, the government has issued a number of laws, regulations and decrees to manage wood exports but these have been insufficiently enforced, creating loopholes for illegal logging activities.
February 16th, 2012
Vientiane Times, February 16,2012
Problems related to land use, education, transparency of state bodies and medical ethics are the main concerns raised by the public to the National Assembly (NA). The NA is committed to submitting these issues to the government for resolution to allay the fears of the public.
January 9th, 2012
Vientiane Times, January 9, 2011
The collection of land taxes and other fees will now be the responsibility of the Ministry of Finance, government officials said on Friday. Land taxes were previously collected by the Ministry of Natural Resources and Environment. Finance Minister Phouphet Khamphounvong told Vientiane Times that the move was in line with the ministry’s policy to collect taxes from different sources. “The payment of land taxes to our ministry aims to centralise national revenue to facilitate national development,” he said, saying the ministry would still follow the system set up by the National Land Management Authority (NLMA). This agency has now been merged with the Ministry of Natural Resources and Environment. “We will follow their system and then review it. If some aspect of it is found to be inappropriate, we will invalidate it and introduce a new system to replace it.”
January 3rd, 2012
Another rubber concession has been approved despite concerns over the environmental impacts caused by industrial tree plantations. Photo from Sekong province; clearing land for a rubber concession.
Vientiane Times, January 3, 2012
The government has allocated another sizeable area of land for a Vietnamese firm to grow rubber trees despite concerns over the environmental impacts caused by industrial tree plantations. Deputy Minister of Natural Resources and Environment Dr Akhom Tounalom on Friday signed a 40-year land concession for the Lao-Viet joint venture to grow rubber trees on 131 plots of land totaling 4,739 hectares. Senior officials from the Ministry of Agriculture and Forestry, Ministry of Planning and Investment, Ministry of Natural Resource and Environment were present at the agreement signing in Vientiane.