The Bank of the Lao PDR is set to further increase interest rate on Lao kip deposits from 10% to 10.5% per year to alleviate inflationary pressures currently affecting the economy, reported the Vientiane Times.
Ho Chi Minh City received some 6.8 billion USD in remittances last year, only a slight decrease compared to 2021 and accounting for 48% of foreign currency deposits at its credit institutions.
