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Opening of a new bank in Vientiane (Read 25851 times)

peterpan

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Re: Opening of a new bank in Vientiane
Reply #15 - 4^th Mar, 2013 at 1:08pm

Foreign aids to Lao come in different forms. Cash one weights not too much. Money laundering with banks is naive one, maybe sophisticated one in developing country.

127 banks is not enough for competition considering outsiders runnig saliva. 127 has more branches? then, 127 will be fine.

carry trade profiting depends one costs of borrowing and exchange rate and costs of transfering to home country. Even 7% gap wont make a profit.

I think Laotians are rich, one bottle of beer lao here costs 1.2 USD, today's exchange rate, buying rate. That puzzles me most.

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Beef Cake God Member Offline I love Laos! Posts: 1211 Gender: Awards: 2	Re: Opening of a new bank in Vientiane Reply #16 - 4^th Mar, 2013 at 9:39pm Hmm..$1.20 per bottle - that is high and probably in a restaurant targeting 'foreigners'? 127 branches of course... How many bank companies are government owned anway? Hopefully there will be more 'privately' owned company to allow better competition.
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peterpan

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Re: Opening of a new bank in Vientiane
Reply #17 - 4^th Mar, 2013 at 9:53pm

1.27$ my backyard store, incredible.

Beef Cake wrote on 4^th Mar, 2013 at 9:39pm:

Hmm..$1.20 per bottle - that is high and probably in a restaurant targeting 'foreigners'?

127 branches of course... How many bank companies are government owned anway? Hopefully there will be more 'privately' owned company to allow better competition.

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Beef Cake

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Re: Opening of a new bank in Vientiane
Reply #18 - 5^th Mar, 2013 at 1:33am

In Vientaine?

peterpan wrote on 4^th Mar, 2013 at 9:53pm:

1.27$ my backyard store, incredible.

Beef Cake wrote on 4^th Mar, 2013 at 9:39pm:

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peterpan

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Re: Opening of a new bank in Vientiane
Reply #19 - 5^th Mar, 2013 at 8:34am

Jing Hong City, China, 30 Km to Lao

Beef Cake wrote on 5^th Mar, 2013 at 1:33am:

In Vientaine?

peterpan wrote on 4^th Mar, 2013 at 9:53pm:

1.27$ my backyard store, incredible.

Beef Cake wrote on 4^th Mar, 2013 at 9:39pm:

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Beef Cake God Member Offline I love Laos! Posts: 1211 Gender: Awards: 2	Re: Opening of a new bank in Vientiane Reply #20 - 5^th Mar, 2013 at 10:15pm Perhaps it's an 'export' product in Chaina..that's why it's $1.27.
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