Hanoi Law Firm – Laos bank ties to be extended

Viet Nam and Laos aim to extend ties in banking and securities following a meeting between Deputy Prime Minister Nguyen Sinh Hung and Lao Central Bank Governor Bounsong Sommalavong, in Ha Noi yesterday.

Hung told the guest at the reception that during current international integration, banks of the two countries needed to exchange experience and promote co-operation and investment to practically contribute to the development of bilateral ties and the growth of each nation.

Hung also promised to aid banks of the two countries to work better, particularly via human resources training.

Bounsong Sommalavong briefed Hung about the signing of an agreement between the Lao Development Bank and the Viet Nam Commercial Bank for Industry and Trade (Vietinbank) in Ha Noi yesterday morning.

He also said Laos would continue offering favours for Vietnamese banks to operate in his country. He also expected to receive more co-operation from Vietnamese banks.

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