The Lao-Viet Bank began the construction of its new branch in Phonsavan town, the Lao province of Xiengkhouang , on December 25 in a move to expand its services to the country’s northern localities.
The Lao-Viet Bank began the construction of its new branch in Phonsavantown, the Lao province of Xiengkhouang , on December 25 in a moveto expand its services to the country’s northern localities.
SomvangVongvilay, General Director of the Chitchareune Construction Co. Ltd,said the project’s location in populous downtown Xiengkhouang isfavourable for doing business.
The five-storey building, covering 2,800 square metres, will be built by Chitchareune at a cost of 4.65 million USD.
XiengkhouangGovernor Somkoth Mangnomek, who is also the Secretary of the provincialcommittee of the Lao People’s Revolutionary Party, spoke highly of thebank’s efforts to expand its services to serve local people, helpingcarrying out the Vietnamese and Lao Governments’ cooperation agreementon assisting Xiengkhouang and Huaphan provinces until 2020.
TheLao-Viet Bank, founded on June 22, 1999, is a joint venture between theBank for Investment and Development of Vietnam (BIDV) and the BanquePour Le Commerce Exterieur Lao Public (BCEL). It currentlyheadquarters in Vientiane and has three services units, and sevenbranches, including two branches in Vietnam.-VNA
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PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
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