The Bank for Investment and Development of Vietnam (BIDV) and the Laos-Vietnam Bank (LVB), a joint venture between BIDV and a Lao partner, have presented a social welfare package to the Lao National Assembly.

The package worth 300,000 USD is to support the Lao National Assembly’s activities for 2014 and 2015, including construction of clean water tankers and provision of medical equipment for ethnic minority people in the newly-established province of Saysomboun.

Speaking at the hand-over ceremony on October 9, President of Lao National Assembly Pany Zathotou thanked the two banks for their assistance to the Saysomboun province and Laos in general in recent years, saying that the substantial help has contributed to the country’s socio-economic development and fostered the special solidarity and friendship between the two countries.

BIDV and the LVB have so far supported nearly 11 million USD for Laos’ social welfare activities, focusing on health care, education, and poverty reduction.-VNA