Party Politburo member Pham Quang Nghi has commended the Laos-Vietnam Joint-Venture Bank for its efficient business performance and active engagement in social welfare activities in Laos.
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Politburo member Nghi speaks at the meeting with the LVB ( Image: VNA )
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Politburo member Nghi, who is also Secretary of Hanoi city’s Party Committee, called at the LVB on December 9 during his 5-day visit to Laos.
He also expressed his hope that the bank will maintain its position and prestige by strengthening competitiveness and complying with the Party and Government’s policies as well as local law, thus contributing to the special friendship ties between the two countries.
The LVB was established in June, 1999 by the Bank for Investment and Development of Vietnam (BIDV) and the Lao Bank for Foreign Trade (BCEL).
At present, the bank’s total assets hit over US$540 million, 35 times as much as the time it was founded, with an annual growth rate of more than 30% and nearly US$375 million in mobilised capital.