President of the Lao State Inspection Authority Khamphan Phommaphat works with leaders of BIDV. (Photo: VNA) BIDV Chairman Phan Duc Tu thanked the Lao Party and State for theirsupport and creating favourable conditions for Vietnamese banks, including BIDV,to operate in Laos.
After 23 years of presence in Laos, BIDV now has onerepresentative office and two joint ventures, namely Laos - Vietnam Joint VentureBank and Laos – Vietnam Insurance Joint Venture Company, in the neighbouringcountry, Tu said.
In the coming time, BIDV will continue backing and directing itssubordinate firms to well implement political and economic tasks assigned bythe Party, State and Government and establish close and sustainable ties with Laobusinesses and people, he added.
Khamphan, who is also Politburo member of theLao People’s Revolutionary Party (LPRP), Secretary of the LPRP CentralCommittee, head of its Inspection Commission and head of the central committeefor corruption prevention and control, expressed his hope that through his visit,the mutual provision of updated information about the apparatus andoperation of BIDV, the two nations will further step up cooperative relationsin the banking industry.
During his working session withEVN's leaders, Khamphan highlightedthe traditional partnership between Vietnam and Laos, as well as between theirelectricity sectors.
The Lao official expected that the ongoing visit will contribute to enhancing cooperation and mutual development, thus bringing benefits to both sides./.
VNA
