On October 13, the Board of Directors of Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) approved BIDV’s deposit investment agreement at LaoVietBank (LVB) as follows:

-          Transaction date: from the date of signing of this decision to October 15, 2021;

-          Transaction amount: US$ 35 million;

-          Transaction term: 12 months;

-          Interest rate: floating rate, adjusted every 03 months. The interest rate for the first period will be 1%/year;

-          Payment method: BIDV will credit the principal amount to LVB's account at BIDV.