The Bank for Investment and Development of Vietnam (BIDV) on August 28 signed a contract to provide academic scholarships and computers for several ministries of Laos.

During the 2014-2018 period, the bank will provide 50 scholarships for Lao students in three universities in Vietnam and four in Laos, with the aim of improving their knowledge and skills and supporting the country’s construction, development and integration.

These students will also have the chance to work on probation for BIDV, the Lao-Viet Bank, and businesses of the Association of Vietnamese Investors in Laos.

Additionally, BIDV will also give 150 computers to Laos’ Ministries of Defence, Finance and Foreign Affairs to make their work more efficient.

Since 2005, the bank has actively supported social welfare activities in Laos, with focus on education, health, and natural disaster responses, thus contributing to the country’s socio-economic development and the special friendship between the two countries.-VNA