Vietcombank receives approval to set up bank in Laos

The State Bank of Vietnam has approved the establishment of the Vietcombank Laos Limited (Vietcombank Laos) in Laos, which is wholly invested by the Bank for Foreign Trade of Vietnam (Vietcombank).
Vietcombank receives approval to set up bank in Laos ảnh 1Illustrative photo (Photo: VNA)
 
Vientiane (VNA) – The State Bank of Vietnam (SBV) has approved the establishment of the VietcombankLaos Limited (Vietcombank Laos) in Laos, which is wholly invested by the Bank forForeign Trade of Vietnam (Vietcombank).

Vietcombank Laos isheadquartered in Vientiane, with a charter capital of 80 million USD.
Vietnambank Laos mustbe launched within 24 months since the SBV’s approval and Vietcombank is askedto submit a report to the central bank at least 14 days before the opening ofthe bank.

Earlier, the StateBank of Vietnam also approved the establishment of Vietcombank’s representativeoffice in New York, the US.-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.