Decision To Open Vnd Or Lak Accounts In Laos’ Banks

Organizations, enterprises who wish to open VND or LAK accounts at Laos’ Banks to operate projects or conduct businesses

The dossier shall include:

1. The application for the decision;
2. Notarized copies of establishment decision or business registration certificate in which export-import lines ware registered, investment license or documents of Vietnamese authority entrusting to conduct projects;
3. Related documents evidencing demands to open accounts at Laos’ banks (if any).

• Organizations, enterprises wishing to open VND or LAK accounts at Laos’ Banks to operate projects or conduct businesses shall address a set of dossiers to the provincial/ municipal branch of the State Bank where the organizations or enterprises located headquarter for application for the decisions.
• Within 7 working days after fully receiving the valid dossiers, the provincial/ municipal branch of the State Bank shall grant or refuse to grant the license to the organization. In case of refusal to grant the license, a written reply must be given to the organization, clearly stating the reasons thereof.