BIDV, Lao foreign trade bank beef up cooperation

The BIDV and the Banque Pour Le Commerce Exterieur Lao Public (BCEL) will continue to promote their comprehensive cooperation during 2017-2020.
BIDV, Lao foreign trade bank beef up cooperation ảnh 1BIDV and BCEL will promote comprehensive cooperation during 2017-2020. (Photo: baomoi.com)

Hanoi (VNA) – The Bank for Investment and Development of Vietnam(BIDV) and the Banque Pour Le Commerce Exterieur Lao Public (BCEL) willcontinue to promote their comprehensive cooperation during 2017-2020 asstipulated in an agreement inked between the two banks in Hanoi on September20.

Speaking at the signing ceremony, BIDV General Manager Phan Duc Tu highlightedthat both sides will cooperate in training and experience sharing as well as supportingbusiness activities of their joint ventures including LaoVietBank and Lao-VietnamInsurance Company (LVI).

The agreement signing between BIDV and BCEL is a significant event to celebrate55th anniversary of Vietnam-Laos diplomatic relations (September 5,1962-2017) and 40th years of the signing of Vietnam-Laos Treaty ofAmity and Cooperation.

The move also pushes collaboration between the two banks, bringing morebenefits to enterprises and people of the two countries.

The BCEL, established in 1975, is the largest bank in Laos with total assetsworth about 3.9 billion USD as of December 31, 2016. The bank has 19 branches,75 transaction points and 10 currency exchange points.-VNA

VNA

See more

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.

Representatives from Lao and Vietnamese agencies at the signing ceremony. (Photo: VNA)

Vietnam, Laos strengthen energy cooperation

A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./

A view of the Hanoi skyline. While rental properties continue to be in demand, there has also been a notable rise in the number of foreigners looking to buy houses. (Photo: VNA)

Housing demand from foreigners in Hanoi rises

Over several years, Hanoi has increasingly become an attractive destination for foreign workers, with approximately 10,000 new foreign workers are granted licences to work in the city each year.

A high-tech corn, sorghum and grass farm in Nghe An province (Photo: VNA)

Realising circular economy to achieve sustainable development goals

Developing a circular economy has been recognised as one of the priority directions to achieve overarching goals such as waste management, efficient resources utilisation, environmental protection, disaster prevention, and climate change adaptation in the country's next development phase.