NA Chairman Vuong Dinh Hue visits the Lao-Viet Bank on May 15, 2022. (Photo: VNA)

LVB was established in 1999 with a charter capital of 100 million USD. 

Present in nine of the 18 provinces and cities in Laos, it is one of the three largest financial institutions in the country, with total assets currently approximating 1.1 billion USD.

Speaking highly of the bank’s development over the last 23 years, Chairman Hue, who is paying an official visit to Laos, said BIDV should help promote investment and give advice to Vietnamese firms planning to invest and do business in Laos.

The great friendship, special solidarity, and comprehensive cooperation between Vietnam and Laos are an exemplary and rare relationship in the world and also a valuable asset that needs to be further solidified, he noted, suggesting BIDV capitalise on its knowledge of local customs to help make bilateral economic, trade, and investment partnerships on par with the sound political ties.