Bullion bank in Laos holds soft opening ceremony

VIENTIANE, Sept. 29 (Xinhua) — The soft opening ceremony of the Lao Bullion Bank was held in capital Vientiane, marking a significant step forward in Laos’ financial landscape and highlighting the government’s strategic efforts to enhance the country’s economic stability.
The opening of the Lao Bullion Bank marks a milestone in the nation’s broader goal of safeguarding economic resilience and securing the country’s gold reserves, the bank said in a statement on Sunday.
The ceremony on Friday was attended by Minister of Finance Santiphap Phomvihane, mayor of Vientiane Ardsaphangthong Siphandone, acting governor of the Lao central bank Vathana Dalaloy, Lao deputy minister of energy and mines Thongphat Inthavong, and Chairman and founder of PTL Holding Co., Ltd. Chanthone Sitthixay.
The soft opening also introduced the bank’s first key services, which include gold savings accounts and gold vending machines.
The gold savings accounts, offered to customers starting from the launch date, allow for a secure and efficient way to manage personal investments in gold.
With the opening of the Lao Bullion Bank, Laos took a significant step toward enhancing its financial system, ensuring the stability of the national currency, and fostering long-term economic growth, the statement said. ■