Laos

On February 21, the President of Lao Development Bank (LAO DEVELOPMENT BANK, hereinafter referred to as LDB), Mr. Akon Basse, together with the head of LDB Nanta Province and his team, a total of 9 people, visited Boding Special Economic Zone for inspection and marketing. Wang Dong, Manager of Investment Promotion Department of Planning Center, Li Gang, Head of Investment Department, Liu Hong, Director of Financial Management Center of Boding Group, Zhou Zhou, Finance Supervisor, Liu Xinyi, Deputy General Manager of Boding Financial Company, and Ye Jian, Deputy General Manager of Logistics Group, etc. And accompany the explanation.

    Mr. Akong Basser and his party visited Boding ICD Inspection Yard, Boding Marketing Exhibition Center, Guomen District Freight Channel, Jinglan Duty Free Shop and other places. Merchants manager Wang Dong and supervisor Li Gang accompanied the tour and inspected with interpreters. The location of LDB in Boding. In the marketing exhibition center, Li Gang, the head of investment promotion, introduced Bo Ding's development profile and planning details to the visiting LDB delegation, so that the president and his party had a detailed understanding of Bo Ding. Finally, the two sides held a forum for exchanges and discussions.

    At the symposium, Mr. Akon Basse briefly introduced the basic situation of the Lao Development Bank. The Lao Development Bank was officially listed in Vientiane on April 9, 2003. It is one of the four national commercial banks approved by the Central Bank of Laos. , 100% controlled by the Ministry of Finance of Laos, after more than ten years of development, LDB has been continuously improved and strengthened in terms of total assets, technology development, operation and management, and has cooperated with many international financial organizations such as China UnionPay, MASTERCARD, EXPRESS, VISA, etc. Business cooperation supports the domestic settlement, deposit and withdrawal, and transfer of the above-mentioned institutional banks. It is the first commercial bank in Laos to introduce e-banking settlement and the first commercial bank to develop mobile financial services in Laos. It is in business innovation and capital stock. The above are the leaders among the four national commercial banks in Laos.

    Liu Xinyi, deputy general manager of Bo Ding Financial Company, also introduced the highlights of Bo Ding’s policies in the financial industry to the president and the group at the symposium. He mentioned that Bo Ding currently has a tax-free, low-tax, and bonded investment policy, which is implemented " The bonded policy of “inside customs and outside customs” enjoys the preferential policies of free trade zone and Laos special zone. With the continuous improvement of infrastructure construction, Bo Ding is also continuously attracting financial and insurance institutions to land.

    Liu Hong, Chief Financial Officer of Boding Group, said that Boding is the hub of the China-Laos border, where people flow and logistics are gathered here. Boding will attract a large number of financial institutions to gather. The international business and financial exhibition industry that Boding focuses on is also a pillar industry of Boding. , Will integrate financial investment, duty-free shopping, international trade, hotel exhibitions, and form a regional commodity distribution center radiating the surrounding area. It is an important international trade platform for China-ASEAN and has sufficient development momentum in the future. Boding will attract a large number of financial institutions. In the future, it will build a China-ASEAN cross-border renminbi settlement center, which will bring together banks, exchanges, funds, securities, accounting, legal, consulting and other financial institutions and intermediaries, and is an international foreign investment and small and medium-sized enterprises. Provide financial support for development. Therefore, Bo Ding and LDB have broad space for cooperation in cross-border commercial finance, investment and trade trust and other fields.

    At the meeting, the two parties also discussed how to further promote cooperation. Mr. Akon Basse affirmed Boding’s construction and development. He praised Boding as an advanced “smart city”, which is currently under construction in Laos. He expressed his optimism about Boding’s future development prospects, and said that Boding is a key city for their future development in Nanta. He hopes to put the cooperation in place with Boding and make significant and effective progress.

    This year is a year of fast-track development for Bo Ding. As the construction of the northern financial center began to take shape last year, and the infrastructure began to improve, Bo Ding also continued to show his strength and charm to the outside world. Since the beginning of 2019, Bo Ding has successively welcomed the delegation of Singapore’s ambassador to Laos, the delegation of Toko Insurance Co., Ltd. of Laos, the Thai Chamber of Commerce, SCG Group, the delegation of Chiang Mai University and other politicians and business guests, financial institutions and large enterprises. This LDB’s visit made Bo Ding’s spring this year more "bright". Not only that, with the launch of the Lao Foreign Trade Public Bank (BECL) in Bo Ding in March, Bo Ding will usher in a flourishing situation of financial institutions. It will attract more financial institutions to settle in, improve the core economic engine of the international commercial financial exhibition industry, and form a financial city composed of commercial banks, securities companies, insurance companies, etc., with diverse forms, complementary advantages, complete settlement functions, and developed intermediary businesses, and create Laos The vision of the northern economic center will be realized one by one.