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President of the National Assembly visits and works with Laos – Vietnam Joint Venture Bank

National Assembly Chairwoman visits and works with Laos - Vietnam Joint Venture Bank - Photo 1.

National Assembly Chairman Vuong Dinh Hue visits and works with Laos – Vietnam Joint Venture Bank – Photo: VNA

LVB was established in 1999 on the basis of a joint venture cooperation between the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and the Public Bank for Foreign Trade of Laos (BCEL).

LVB was born in order to implement the policy between the two countries’ senior leaders and implement the comprehensive cooperation agreement between the Governments of Vietnam and Laos in 1999, in creating a payment bridge and converting the two countries’ currencies. , serving the economic and trade relations between Vietnam and Laos.

LVB is a special joint venture unit, both doing business and performing political tasks as a “bridge” between the two economies of Vietnam – Laos.

National Assembly Chairman Vuong Dinh Hue acknowledged and praised LVB’s performance over the past time, becoming one of the leading financial institutions in Laos, with the largest scale and scope of operations.

With the support of BIDV, LVB has operated effectively, providing modern credit products and banking services in Laos, providing credit to Vietnamese enterprises investing in Laos and Lao enterprises investing in Laos. invest in Vietnam.

National Assembly Chairman visits and works with Laos - Vietnam Joint Venture Bank - Photo 2.

National Assembly Chairman Vuong Dinh Hue and high-ranking delegation of the National Assembly of Vietnam visited and worked with Laos-Vietnam Joint Venture Bank (LVB) – Photo: VNA

Emphasizing that the great friendship, special solidarity and comprehensive cooperation between Vietnam and Laos are exemplary and rare, the National Assembly Chairman stated that LVB is also a “messenger” in preserving and developing develop this special relationship.

LVB needs to continue to perform well its task of acting as a bridge between the two economies, contributing to creating breakthroughs in the development of economic, trade and investment relations commensurate with the political relations between the two countries.

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