News Update

Congratulations Phongsavanh Bank for the Grand Opening of KM 52 Service Unit! Phongsavanh Bank has more than 40 branches, service centres and service units, throughout the country and an international representative office in Thailand.

In a bid to improve logistics infrastructure and help promote cross-border trade in Laos, the International Finance Corporate will support one of our partners, Sitthi Logistics, to develop an integrated logistics facility in Vientiane. The project is a 50-year concession agreement with the government, the facility developer and the sponsor. It is the first long-term concession project of its kind and Sitthi Logistics aims to be the best logistics hub to facilitate increased trade potential in Laos.

Photo Description: CEO of Sitthi Logistics, Mr Chanthone Sitthixay signing the partnership agreement with the Head of Office of the IFC in Laos, Mr Phongsavanh Phomkong

Happy Lunar New Year! Photo Description: Singapore Embassy in Vientiane with vibrant citizens

Mr Khamla Loronsi, representing the Presidential Office of Laos, addresses the heartfelt issue of flooding in the central province of Lao PDR. The Phongsavah Group donated 220 million Kip, 20 tons of rice and 500 blankets to this cause. We hope to expedite the reconstruction process of the central province and support the families affected in any way we can.