EXIM Thailand Engages Bank of the Lao PDR to Promote Bilateral Trade and Investment

Announcement date 11 July 2025
EXIM Thailand Engages Bank of the Lao PDR to Promote Bilateral Trade and Investment
Mrs. Warangkana Wongkhaluang and Mr. Ittipol Lertsakthanakul, Senior Executive Vice Presidents of Export-Import Bank of Thailand (EXIM Thailand), recently paid a courtesy visit to Mrs. Bounkham Vorachit, newly appointed Governor of the Bank of the Lao PDR (BOL), to extend congratulations and strengthen bilateral relations. During the meeting, both parties exchanged perspectives on economic, trade, and investment developments, and explore ways to support Thai businesses operating in Lao PDR. Discussions focused on promoting the use of the Lao kip (LAK) as the primary currency for business operations and working capital in order to mitigate foreign exchange risks. EXIM Thailand is supporting this initiative by providing a Standby Letter of Credit (SBLC) as collateral. A pilot project under this initiative involved LAK-denominated financial support extended to Betagro (Lao) Feedmill Co., Ltd.
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