Lao Viet Bank

What Lao Viet Bank does

LaoVietBank (Lao - Viet Bank Co., Ltd) is a Lao commercial bank established in 1999 as a joint venture between Lao state-owned BCEL and Vietnamese institutional investors led by BIDV (Bank for Investment and Development of Vietnam). It is headquartered in Vientiane and operates a national footprint of 8 branches plus service points across Lao provinces including Xieng Khouang, Savannakhet, Luang Prabang, Champasak, Attapeu, Khammouane, and Bolikhamxai. The bank is led by General Director Nguyen Duc Vu and serves individual retail customers, SMEs, and corporate clients with deposit accounts, personal and business loans, payroll lending, trade finance, and cross-border remittances across 11 currencies (KIP, USD, VND, THB, EUR, GBP, AUD, CHF, JPY, CAD, SGD).

The bank's core technology platform is the LVB DigiBank digital banking super-app, available in individual and business variants on iOS and Android, supplemented by a USSD-based Mobile BankPlus service for feature-phone users delivered over the Unitel telecom network. The platform supports eKYC facial recognition for remote account opening (eLVB), QR-code payments (LaoVietBank QR Pay and Jiffy QR acceptance at 23 branches), and online real-estate/mortgage origination via Direct Banking. RPA and a multi-channel MyCC contact center are co-developed with Unitel under a 2022 technology MOU. Card-network affiliations span Visa, Mastercard, UnionPay, and JCB, while international and domestic payment rails include SWIFT, Western Union, LapNet, and the Interbank network.

LaoVietBank earns revenue through interest income on personal, business, mortgage, vehicle, and working-capital loans, interest-bearing deposits in KIP/USD/VND/THB (with published deposit-rate ladders up to 10% p.a. on KIP term deposits), transaction and service fees on transfers, ATM withdrawals, cards, and account maintenance, and digital banking usage fees tied to LVB DigiBank. The go-to-market combines a product-led digital motion — self-serve onboarding, eKYC, QR Pay, cashback/lucky-draw promotions — with a traditional branch and government payroll-lending sales motion through BIDV and BCEL correspondent and shareholder channels. Named institutional customers include Unitel, Thai Ace Leasing, and Lao government departments in Xieng Khouang province.

Name

Lao Viet Bank

Legal name

LaoVietBank

Website

https://laovietbank.com.la

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

251–500 employees

Short description

LaoVietBank is a 1999-founded Lao-Vietnamese joint venture commercial bank (BCEL and BIDV shareholders) operating 8 branches nationwide, providing multi-currency retail and corporate deposits, loans, digital banking via LVB DigiBank, QR payments, and cross-border remittance services.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Alternative Payment Method (APM) Acquiring (e.g., BNPL, wallets, local methods) (FSAMABAL)

akta.pro secondary industry

Carrier Billing & Telco Mobile Money (FSAMAEAD)

Keywords

• Retail banking services
• Commercial banking
• Digital mobile banking
• Cross-border remittances
• SME lending

Headquarters

HQ city

Vientiane

HQ country

Laos

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income (Loans & Credit: Interest earned on personal loans, business loans, mortgage, vehicle loans, and working capital credit extended to retail and corporate customers.
2. Deposit-Taking & Savings Products: Interest-bearing deposit accounts for individuals and businesses, current accounts, and term deposits.
3. Transaction & Service Fees: Fees from domestic and international transfers, ATM/DM withdrawals, account maintenance, card issuance, and tariff-based service charges.
4. Digital Banking Services (LVB DigiBank): Revenue from digital banking transactions, e-wallet usage, QR payments, and mobile banking subscriptions.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

LaoVietBank is a Lao-Vietnamese joint venture commercial bank that provides retail and corporate banking services including multi-currency deposit accounts, personal and business loans, ATM/debit cards, and international payment services. The bank operates a nationwide branch and ATM network across Laos and a digital banking platform (LVB DigiBank) with eKYC onboarding, QR Pay, and USSD mobile banking for feature phones.

Product overview

LaoVietBank operates a unified banking platform with a core digital banking super-app (LVB DigiBank) as the primary digital channel, supplemented by LVB DigiBank E-Wallet, eLVB (remote account opening via eKYC), Mobile BankPlus (USSD for feature phones), LaoVietBank QR Pay, and Direct Banking (online lending). The LVB DigiBank platform is available in individual and business variants and processes text/image-based eKYC identity verification, QR payments, 24/7 fund transfers via multiple networks (LapNet, Interbank, SWIFT, Western Union), bill payments, and card management. The digital banking ecosystem is complemented by traditional branch, ATM/ADM, and card infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• LVB DigiBank: Digital banking platform and mobile application
• LVB DigiBank

Products and services

• LVB DigiBank Mobile Banking Platform Mobile and digital banking super-app for individual and business customers enabling 24/7 account management, transfers, bill payment, and loan services without branch visit.
• LVB DigiBank E-Wallet Digital wallet sub-feature within LVB DigiBank for QR payments, mobile top-up, and cardless transactions for retail customers.
• LVB DigiBank Corporate Digital Banking Corporate digital banking variant of LVB DigiBank for business customers to manage accounts, transfers, and transactions.
• eLVB Online Registration Electronic/digital account registration system enabling remote KYC via facial recognition without branch visit, allowing new customers to open accounts online.
• LaoVietBank QR Pay QR code-based payment acceptance and processing service at LaoVietBank merchant locations, enabling quick merchant settlements.
• Mobile BankPlus (USSD Service) USSD-based mobile banking for feature phones enabling account inquiry, intra-bank transfers, bill payments, and airtime purchases via the Unitel network.
• Savings Account Products Multi-currency deposit account products for individuals and businesses with variable interest rates and terms across KIP, USD, VND, THB, EUR, AUD, CHF, GBP, JPY, CAD, and SGD.
• Loan Products (Personal, Business, Mortgage, Vehicle, Agriculture) Personal and business credit facilities including working capital loans, vehicle loans, home/mortgage loans, agriculture loans, and payroll loans for individual and corporate customers.
• ATM Card Products ATM and debit card offerings usable across Laos and Vietnam ATM networks with Visa, Mastercard, UnionPay, and JCB network acceptance.
• International Payment Services Cross-border remittance and international payment services via Western Union and SWIFT networks for individuals and businesses.
• Direct Banking (Online Lending Portal) Online real estate and mortgage financing application portal for direct loan applications via directbanking.laovietbank.com.la.
• Currency Exchange Services Multi-currency foreign exchange services across KIP, USD, VND, CNY, THB, EUR, AUD, CHF, GBP, JPY, CAD, and SGD with published buy/sell rates.

Quantifiable outcome

• 22+ years operating in Laos

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability5 records

Feature5 records

Partnerships

Three partnerships are on record, tiered major and minor.

• Unitel (Lao Telecom)majorStrategic or Co-development Partner · 6 June 2022MOU for digital transformation: RPA, MyCC contact center, personalized video, cloud computing, security consulting, and fintech product co-development.
• Unitel (Lao Telecom)majorTechnology or Integration · 3 August 2021QR code payment integration, Mobile BankPlus USSD service, co-marketing. Partnership for digital financial inclusion and technology co-development.
• Thai Ace Leasing (Lao) Co., LtdminorStrategic or Co-development Partner · 18 February 2021Lease payment collection service; LaoVietBank collects installments via LVB DigiBank.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Bank for Investment and Development of Vietnam (BIDV): LaoVietBank's anchor Vietnamese shareholder and one of Vietnam's largest commercial banks — directly comparable in deposit, lending, and digital banking mix, with overlapping cross-border trade-corridor positioning.
• Kasikorn Bank (KBank): Major Thai commercial bank with growing Mekong regional presence including Laos — competes with LaoVietBank for cross-border Lao-Thai trade finance and Thai-investor corporate banking.
• Standard Chartered Bank (Laos): Global universal bank operating in Laos with full corporate, treasury, and trade-finance capabilities — competes with LaoVietBank for multinational corporate and trade-corridor banking relationships.

Regional players

• Sacombank: Vietnamese commercial bank with strong Lao-Vietnam trade and remittance presence — competes with LaoVietBank for the Vietnamese-affiliated retail and SME segment across the bilateral corridor.

Direct peers

• Banque Pour le Commerce Exterieur Lao (BCEL): Largest Lao state-owned commercial bank and LaoVietBank's Lao shareholder — directly comparable in product set (deposits, loans, digital banking, FX, remittances) and customer base across Laos, with a much larger branch network.
• Phongsavanh Bank: One of the largest privately held commercial banks in Laos, offering retail deposits, corporate lending, digital channels, and FX services in direct overlap with LaoVietBank's product suite.
• ST Finance (Laos): Lao consumer and SME finance provider — competes with LaoVietBank on retail credit, savings, and digital deposit products in the Lao market.
• Lao Development Bank: State-owned Lao commercial and development bank offering deposits, SME and project lending, and digital banking — competes with LaoVietBank for retail and SME customers across the Lao provinces.
• ACLEDA Bank (Laos): Mekong-region commercial bank with strong SME and microfinance focus operating in Laos — comparable digital-first retail and SME lending strategy against LaoVietBank's LVB DigiBank platform.
• Joint Development Bank Lao (JDB): Joint-venture commercial bank in Laos with similar shareholder/governance structure — directly comparable business model and customer segments to LaoVietBank.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/laovietbank
• Facebookfacebook.com/LaoVietBank
• Xx.com/laovietbank
• LinkedInlinkedin.com/company/laovietbank

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lao Viet Bank