Sunday, 20/10/2019

FXStreet treats your personal information as confidential and does not disclose it to any third parties other than the company selected. Your privacy is our greatest concern. FXStreet treats your personal information as confidential and does not disclose it to any third parties other than the company selected. Your privacy is our greatest concern

Overview of Laos -Vietnam Joint Venture Bank

Laos - Vietnam Joint Venture Bank (LaoVietBank) was established on June 22 1999 based on the result of the comprehensive solidarity and friendship between the two peoples in particular, the two countries Vietnam and Laos, is a foundation of economic trading relationship between the two countries.

Full name in Vietnamese: Laos Vietnam Joint Venture Bank

Full name in English: Laos Viet Joint Venture Bank

Full Name in Laos: ທະນາຄານຮ່ວມທຸລະກິດລາວຫວຽດ

Abbreviated name LAOVIETBANK

Abbreviated name in Laos: ທລວ

Telephone: (856) 21 251418

Fax: (856) 21 212197

Website: www.laovietbank.com.la

Email: info@laovietbank.com.la

Headquarter: No 44, Lanexang Avenue, Hatsady Village, Chamthabuly District, Vientiane Capital, People's Democratic Republic of Laos

Authorized capital: LAK 791,357,560,000 (Seven hundred ninety-one billion, three hundred and fifty seven million five hundred sixty thousand kip), is one of the banks with the largest authorized capital in Laos.

Mission:

- Connect the two economies Laos - Vietnam: Become a leading bank in providing banking solutions and finance for the entities who have trade relations, investment Vietnam - Laos, Laos - Vietnam.

- Contribute significantly to the socio-economic development of  Vietnam and Laos: LaoVietBank becomes a powerful economic institution, multinational business, contributing significantly to the economic development of the countries of Vietnam and Laos.

The system's core values:

- The customer is the centre, is the goal of business activities;

- Risk management is the cornerstone of the entire corporate governance system;

- HR and technology is the decisive factor for success.

The banking and financial services

- Mobilize savings deposits, cash payments to individuals and organizations in LAK, USD, THB. Customer deposits are covered under the provisions of the Bank of People's Democratic Republic of Laos

- Short-term, medium and long-term loans by LAK, USD, THB with the  conditions and  simple and fast procedures.

- Buy and sell foreign currency at spot methods (Spot), swap (Swap), forward (Forward).

- Payment services, international money transfers through SWIFT system, Online IBMB, Westem, export and import financing of goods to ensure quickness, safety, and affordability.

- Issue and pay by domestic credit card with utility services to customers

- Treasury transactions, salary payment, collection and sale of foreign currency, receive and pay remittances, domestic and international money transfers

- The guarantee operation at home and abroad

- Other services meet the requirements of customers

Distribution network:

LaoVietBank operation areas have spread over the regions of Laos with its headquarters located in Vientiane and 05 branches and 09 transaction offices overlaying 8/18 the key economic provinces of Laos, in particular:

* In Vientiane:

1. Headquarters

2. Morning Market Trading Room

3. Sy Khay Trading Room

4.  Donnoun Trading Room

5. Laos - Thailand border gate Trading Room

6. Dong Doc Trading Room

7. Laos- iteck Trading Room

* In Luongprabang province

1. Laos -Vietnam Joint Venture Bank - Luongprabang Branch

* In XiengKhoung province

1. Laos -Vietnam Joint Venture Bank – XiengKhoung Branch

* In Champasak Province:

1. Laos Vietnam Joint Venture Bank - Champasak Branch

2. XeNo Trading Room

* In Attapeu province:

1. Laos -Vietnam Joint Venture Bank -  Attapeu Branch

* In Xavannakhet Province:

1. Laos -Vietnam Joint Venture Bank - Xavannakhet Branch

* In Kham Muon province:

1. Kham Muon Trading Room

* In Udomxay Province:

1. Udomxay Trading Room