LaoVietBank builds new branch in northern Laos

11:22 | 26/12/2014

VGP – The Laos-Viet Nam Joint Venture Bank (LaoVietBank) has broken ground for its new branch in Phonsavan town, the Lao province of Xiengkhouang.


General Director of the Chitchareune Construction Co. Ltd Somvang Vongvilay said the project’s location is in a strategic corner of the town centre.

The five-storey building, covering 2,800 square metres, will be built by Chitchareune at a cost of US$4.65 million.

Xiengkhouang Governor Somkoth Mangnomek, who is also the Secretary of the provincial committee of the Lao People’s Revolutionary Party, spoke highly of the bank’s efforts to expand its services to serve local people, helping carrying out the Vietnamese and Lao Governments’ co-operation agreement on assisting Xiengkhouang and Huaphan provinces until 2020./.

                                                                                                                   By Vien Nhu