Under the
contract, the bank will provide credit worth 20 million USD to build and
upgrade the 42.8-kilometre road from two lanes to four-six lanes.
Route
16 is in a strategic position, as it connects the Lao province of
Champasak with the Thai province of Udong Thani. The upgrade is said to
contribute to linking Laos and other countries in the Greater Mekong
Sub-region.
Established in 1999 under cooperation between the
Bank for Investment and Development of Vietnam (BIDV) and the Banque
Pour Le Commerce Exierieur Lao (BCEL), the LaoVietBank has become one of
the largest commercial banks in Laos and a model for economic
cooperation between the two countries./.
LaoVietBank supports infrastructure upgrade in Laos
10/07/2015 lúc 22:46 (GMT)
Theo dõi Tạp chí công thương trên 
TCCT
The LaoVietBank recently signed a contract with a Lao construction company to finance a project to upgrade Route 16 in Laos.
