Lao banks join hands to boost payment system World

Lao banks join hands to boost payment system

Seven major banks in Laos signed a memorandum of understanding on April 22 to establish the Lao National Payment Network (LAPNet) company for a faster, reliable and more convenient payment system.
Business

Vietnamese bank invests in five-star hotel in Laos

The Bank for Investment and Development of Vietnam (BIDV) and LaoVietBank, a joint venture between BIDV and Laos’ BCEL, will finance the construction of a five-star hotel and office complex in the Lao capital of Vientiane.
Business

Lao-Viet Bank builds new branch in northern Laos

The Lao-Viet Bank began the construction of its new branch in Phonsavan town, the Lao province of Xiengkhouang , on December 25 in a move to expand its services to the country’s northern localities.
Business

Laos-Vietnam Bank on firm footing in Laos

Party Politburo member Pham Quang Nghi has commended the Laos-Vietnam Joint-Venture Bank for its efficient business performance and active engagement in social welfare activities in Laos .
Business

Vietnam, Laos hold first share bidding

The LaneXang Securities Company and the Development Bank of Laos and the Sacombank Securities Company of Vietnam have held the first ever bidding of shares of the Lao Bank for Foreign Trade (BCEL).