Business

BIDV, Lao foreign trade bank beef up cooperation

The BIDV and the Banque Pour Le Commerce Exterieur Lao Public (BCEL) will continue to promote their comprehensive cooperation during 2017-2020.
BIDV, Lao foreign trade bank beef up cooperation ảnh 1BIDV and BCEL will promote comprehensive cooperation during 2017-2020. (Photo: baomoi.com)

Hanoi (VNA) – The Bank for Investment and Development of Vietnam(BIDV) and the Banque Pour Le Commerce Exterieur Lao Public (BCEL) willcontinue to promote their comprehensive cooperation during 2017-2020 asstipulated in an agreement inked between the two banks in Hanoi on September20.

Speaking at the signing ceremony, BIDV General Manager Phan Duc Tu highlightedthat both sides will cooperate in training and experience sharing as well as supportingbusiness activities of their joint ventures including LaoVietBank and Lao-VietnamInsurance Company (LVI).

The agreement signing between BIDV and BCEL is a significant event to celebrate55th anniversary of Vietnam-Laos diplomatic relations (September 5,1962-2017) and 40th years of the signing of Vietnam-Laos Treaty ofAmity and Cooperation.

The move also pushes collaboration between the two banks, bringing morebenefits to enterprises and people of the two countries.

The BCEL, established in 1975, is the largest bank in Laos with total assetsworth about 3.9 billion USD as of December 31, 2016. The bank has 19 branches,75 transaction points and 10 currency exchange points.-VNA

VNA
#BIDV#BCEL#comprehensive cooperation#agreement#LaoVietBank#Lao-Vietnam Insurance Company#experience sharing#Vietnam-Laos diplomatic relations#Vietnam-Laos Treaty of Amity and Cooperation
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