VIENTIANE, May 5 (Xinhua) -- Lao officials discussed the operations and future vision of the Lao Bullion Bank, emphasizing its role in enhancing the country's economic stability.
The establishment of the bank aims to drive economic growth by serving as a national gold reserve hub, developing a standardized gold industry, and positioning Laos as a regional and international center for gold trade and investment, according to a report from the bank on Monday.
During a public awareness meeting held last Friday in Lao capital Vientiane, the bank outlined its vision to position Laos as a regional leader in gold trading and refining within the next five years. The bank also emphasized its commitment to improving market transparency and adopting international best practices in the gold industry.
The bank aims to encourage participation from all ethnic groups, promote economic growth through gold trading, and align its activities with the government's strategic vision. It also seeks broader support from the public, business community, and government officials to drive expansion and contribute to addressing the country's economic and financial challenges.
The meeting underscored ongoing efforts to foster sustainable economic development by strengthening Laos' gold industry and financial sector. ■