Home » Banking & Finance » Laos-Vietnam JV Bank opens branch in Laos

The Laos-Vietnam Joint Venture Bank (LVB) opened a new branch in the centre of the Phonsavan commune, Xiangkhouang province, in Laos on November 22.

LVB representatives said that the opening of the facility is part of their business strategy for the 2010-2015 period to develop and expand LVB’s operations. .

The branch is integrated with their human resource structure to ensure smooth and effective delivery of business services. It also aims to ensure the provision of products to customers, according to the Lao law.

Established in 1999, LVB is one of the leading commercial banks operating in Laos, with total assets reaching nearly US$460 million. It also has a reputation for reliable services for Lao customers as well as investors from Vietnam and abroad.

The new office brings the number of LVB branches to six, demonstrating the bank’s commitment to business investors and economic cooperation between the two nations.


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