Foreign investors required to open bank accounts in Laos

The government aims to regulate foreign currency earned from foreign investment. - VT

VIENTIANE: The Bank of the Lao PDR has issued a Decision on the regulation of foreign currency, which requires foreign investors to open specific bank accounts in Laos to process their financial transactions.

The Decision was issued after the government found that foreign investment inflows recorded in the banking system were much lower than the agreed value of investment capital.