17 Dec, 2025

Laos Rejects Claims of Oil Re-exports to Cambodia, Assures Compliance with Law

Lao Minister of Industry and Commerce Malaithong Kommasith has confirmed that all oil imported from Thailand is strictly reserved for domestic use within Laos, dismissing concerns that fuel supplies are being re-exported to Cambodia.

Speaking on 16 December during a meeting with Thai Minister of Energy Prasert Sinsukprasert, Malaithong said any such re-export would be illegal under Lao regulations governing cross-border trade and goods transit.

He stressed that the Lao government does not permit oil imported from Thailand to pass through the country for onward shipment to third countries.

According to the Lao side, the volume of oil imported from Thailand has remained stable and has not increased significantly. This assessment was confirmed by oil traders as well as the Lao Customs Department.

Officials explained that daily truck movements at the Chong Mek border can fluctuate, averaging around 20 fuel trucks per day. On some days, crossings may drop to as few as five trucks, while on busier days the number can rise to about 50.

Seasonal demand also plays a key role in Laos’ oil consumption patterns. Between November and April, after the end of the rainy season, oil consumption in Laos typically increases, particularly in southern provinces where mining activities expand during the dry months.

Thai Energy Minister Prasert welcomed the assurances and reiterated Thailand’s position that fuel imported into Laos must remain for domestic use only. He said Thai authorities, together with Lao agencies, are closely monitoring oil movements to prevent any violations.

Temporary Fuel Suspension at Chong Mek Border

The statements come amid heightened scrutiny at the Chong Mek permanent border crossing in Sirindhorn district, Ubon Ratchathani.

On 15 December, Thai authorities temporarily suspended fuel exports, along with military equipment and related items, after detecting unusually high volumes of fuel shipments passing through the checkpoint.

Thailand’s Second Army Area Operations Center reported that inspections found export levels that appeared abnormal compared with previous periods, with some shipments suspected of being routed through Laos before reaching Cambodia.

The suspension took effect at midnight on the same day and remains in place until further notice, although other cross-border activities continue under existing regulations.

In response to the disruption, Thailand’s Defence Ministry later apologized to Laos for the impact of the temporary measures, emphasizing that the restrictions were driven by security concerns linked to tensions along the Thai-Cambodian border.

Defence Ministry spokesperson Surasant Kongsiri said at a Joint Press Center briefing that the controls were not aimed at Laos or Lao trade.

He stressed that Thailand respects Laos’ sovereignty and the countries’ bilateral relations, describing the suspension as a precautionary step to prevent the misuse of sensitive goods during a period of heightened regional security concerns.

19 Dec, 2025

Lao Development Bank Marks 4th Anniversary, Launches New Features on LDB TRUST App

On 12 December, at Landmark Mekong Riverside Hotel in Vientiane Capital, Lao Development Bank Co., Ltd. (LDB) held LDB Night to mark the fourth anniversary of its strategic partnerships under the theme “Always By Your Side For Sustainable Future.” The event also featured the official launch of new functions on the LDB TRUST application.The forum provided a platform for LDB to engage with its strategic partners, discussing four key areas: capital support provided to partners over the past four years; business perspectives of domestic and international partners; strategies for overcoming economic challenges during the COVID-19 period; and LDB’s role in socio-economic development in line with Party and Government policies.Over the past four years, LDB has undertaken internal reforms to strengthen its operations and enhance services, technology, and staff professionalism. The bank has transitioned from a loss-making state-owned enterprise into a profitable joint-venture bank. Total assets grew from LAK 9,700 billion (around USD 449 million) before the joint venture to LAK 61,145 billion (around USD 2 billion), an increase of 630 percent, positioning LDB as the second-largest bank in Laos by assets and the most profitable domestic commercial bank owned by Lao investors.The event was attended by Bounkham Vorachit, Governor of the Bank of Lao PDR (BOL); Phet Phomphiphak, Head of the Party Central Committee Office; Linkham Douangsavanh, Minister of Agriculture and Environment (MAE); Somkiat Phasy, Chairman of the Board of Directors of LDB; Chanthanome Phommany, Chairman of the Executive Committee of LDB; along with representatives from government agencies, strategic partners, customers, and LDB staff from across the country.The discussion was moderated by Ken Nakarin, Chief Executive Officer and Editor-in-Chief of The Standard news agency from Thailand, who guided conversations between LDB and its partners on the bank’s achievements and future plans.

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