Foreign investors are now required to open bank accounts in Laos, says central bank

VIENTIANE (Bernama-VNA): The Bank of the Laos (BOL) 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 transaction.

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, Vietnam News Agency (VNA) citing Vientiane Times reported.