VIENTIANE: The Lao Bullion Bank (LBB) and KPV Gold celebrated the success of their partnership by launching a special promotion for customers purchasing KPV Gold between April 9 and June 30, 2025.
The first 999 customers to buy KPV Gold during this promotional period will receive one gram of free gold.
This partnership is a milestone for cooperation in Laos’ gold industry, combining expertise to foster economic stability and international competitiveness, as well as opening a new historical chapter to upgrade Laos’ gold market and industry to international standards.
A ceremony for signing an agreement for cooperation in gold business between the Lao Bullion Bank Limited (LBB) and KPV Gold was held in Vientiane on March 28, 2025, and it was honoured by the attendance of the Deputy Minister of Industry and Commerce, Dr Manothong Vongsay, alongside distinguished guests.
Speaking at the ceremony on behalf of the Lao Bullion Bank’s management board, Nouxay Vensavanh said this collaboration is significant for strengthening Laos’ gold industry and elevating its standards internationally.
He highlighted that the Lao Bullion Bank operates as a commercial bank under the Law on Commercial Banks of the Lao PDR, and focuses on securely storing gold deposited by citizens nationwide.
The bank utilises high-security international-standard vaults and professional services, ensuring compliance with legal regulations, Nouxay said.
He expressed confidence that this partnership will integrate household gold reserves into the financial system, enhance monetary stability, reduce inflation risks, and promote standardised gold transactions.
This initiative also aims to build public trust in gold savings and ensure uniform gold exchange practices.
The CEO of KPV Gold, Chanthavong Phamisith, highlighted the company’s decades of experience as a leading gold retailer in Laos.
"KPV Gold commits to supplying internationally standardised gold products, enabling customers to use or deposit them with the Lao Bullion Bank.
"In addition, the two entities will progressively elevate Laos’ gold market to global standards, adapt to geopolitical and economic changes, and address challenges in the volatile global gold market," he said.
To mark the milestone partnership between the two entities, a special promotion is on offer to the first 999 customers who purchase KPV Gold between April 9 and June 30, 2025.
Customers will receive one gram of free gold instantly upon depositing a 75-gram gold bar with the KPV Gold trademark or more at the Lao Bullion Bank.
A special privilege allows one account per customer. They can open a one-year fixed gold deposit account with a two percent annual interest rate, according to the Lao Bullion Bank’s terms. - Vientiane Times/ANN
