VIENTIANE -- Amid a protracted economic crisis, Laos is gearing up for a full launch of its new bullion bank in November in a bid to spur active gold trading and investment amid a hard currency shortage.
Lao Bullion Bank (LBB) is a joint venture by the government and a local company. Partial operations, including gold sales and deposits, began in late September. Gold trading, purity analysis and other operations will begin by next month.
