Construction began on February 25 for the office building of the Laos-Viet Joint Venture Bank (LVB)’s branch in Laos’ southern Attapeu town.

The ground-breaking ceremony, organised by the Bank for Investment and Development of Vietnam (BIDV), which partnered in the LVB, saw the presence of Lao Deputy Prime Minister Somsavad Lengsavath and Vietnamese Deputy Prime Minister Nguyen Xuan Phuc, among others.

According to BIDV Deputy General Director Tran Luc Lang, the Attapeu branch, the third branch of LVB in Laos, officially operated on November 22, 2011.

Covering a total area of more than 3,000sq.m, the future five-storey building will be equipped with modern facilities to facilitate services of Attapeu branch, which was one of the six LVB branches making good performances in the past years.

Attapeu Governor Khamphan Phommathath spoke highly of the operation of the LVB in general and its Attapeu branch in particular.

He expressed his hope that the building will be inaugurated on schedule to meet the increasing demand for transactions by local people as well as businesses investing in southern Laos.-VNA