
The National Assembly approves significant government reforms to enhance efficiency and attract investment.
The National Assembly (NA) of Laos has approved a comprehensive restructuring of government ministries aimed at improving administrative efficiency, strengthening anti-corruption measures, and attracting foreign investment.
This reform initiative, proposed by Prime Minister Sonexay Siphandone, reduces the number of ministries from 17 to 13.
Key components of the restructuring include the integration of the Ministry of Planning and Investment into the Ministry of Finance, and the merger of the Ministry of Energy and Mines with the Ministry of Industry and Commerce.
Furthermore, the Ministry of Natural Resources and Environment has been combined with the Ministry of Agriculture and Forestry, resulting in the formation of the new Ministry of Agriculture and Environment.
The Ministry of Home Affairs has been dissolved, with its functions allocated to various governmental entities.
The Ministry of Information, Culture and Tourism has also undergone restructuring, transferring its information sector responsibilities to the Party Central Committee’s Propaganda and Training Board, leading to the renaming of this entity as the Ministry of Culture and Tourism.
The government plans to finalize this restructuring process by May, with expected reforms in local administration to be completed by July.
Amendments to the Constitution accompanying these changes have been approved to grant greater authority to local administrations, promote economic autonomy, and bolster anti-corruption frameworks.
Additionally, significant changes to the Law on Local Governance and the Law on Civil Servants have been enacted, raising the retirement age for government employees from 60 to 65 years and extending the recruitment age limit from 35 to 40 years.
In a bid to spur innovation and economic growth, the National Assembly has enacted tax incentives for businesses that invest in the Amata Smart & Eco City project located in northern Laos.
These initiatives are intended to attract domestic and foreign investors, facilitating long-term developmental goals for the country.
The Lao government is positioning these reforms as essential steps towards enhancing governance, streamlining administrative processes, and creating a more favorable investment environment as the nation strives for modernization and economic advancement.
This reform initiative, proposed by Prime Minister Sonexay Siphandone, reduces the number of ministries from 17 to 13.
Key components of the restructuring include the integration of the Ministry of Planning and Investment into the Ministry of Finance, and the merger of the Ministry of Energy and Mines with the Ministry of Industry and Commerce.
Furthermore, the Ministry of Natural Resources and Environment has been combined with the Ministry of Agriculture and Forestry, resulting in the formation of the new Ministry of Agriculture and Environment.
The Ministry of Home Affairs has been dissolved, with its functions allocated to various governmental entities.
The Ministry of Information, Culture and Tourism has also undergone restructuring, transferring its information sector responsibilities to the Party Central Committee’s Propaganda and Training Board, leading to the renaming of this entity as the Ministry of Culture and Tourism.
The government plans to finalize this restructuring process by May, with expected reforms in local administration to be completed by July.
Amendments to the Constitution accompanying these changes have been approved to grant greater authority to local administrations, promote economic autonomy, and bolster anti-corruption frameworks.
Additionally, significant changes to the Law on Local Governance and the Law on Civil Servants have been enacted, raising the retirement age for government employees from 60 to 65 years and extending the recruitment age limit from 35 to 40 years.
In a bid to spur innovation and economic growth, the National Assembly has enacted tax incentives for businesses that invest in the Amata Smart & Eco City project located in northern Laos.
These initiatives are intended to attract domestic and foreign investors, facilitating long-term developmental goals for the country.
The Lao government is positioning these reforms as essential steps towards enhancing governance, streamlining administrative processes, and creating a more favorable investment environment as the nation strives for modernization and economic advancement.