Lao Bullion Bank launches gold trading app

The Lao Bullion Bank Co., Ltd. (LBB) launched its groundbreaking mobile application “LBB PLUS”, under the slogan “Opening the door to stability”, on the sidelines of the Laos Gold Festival on Friday.
The app allows users to open a gold deposit account, buy and sell gold, transfer holdings, and earn interest, all through a secure mobile platform, signalling a major step in digitising the traditional gold industry in Laos.
The LBB PLUS app was officially launched at the National Convention Centre in Vientiane.
Deputy Prime Minister Prof. Dr Kikeo Khaykhamphithoune; the wife of President Thongloun Sisoulith, Mrs Naly Sisoulith; Minister of Finance Mr Santiphab Phomvihane; Governor of the Bank of the Lao PDR Mrs Bounkham Vorachit; and the CEO of Lao Bullion Bank Co., Ltd., Dr Chanthone Sitthixay, attended the launch.

Also in attendance were the Chairperson and Founder of PTL Holding Company Limited, Mrs Savanthong Phongsavanh; Chairman of the Singapore Bullion Market Association, Mr KL Yap; Vice Chairman of the Board of Directors of the Lao Bullion Bank, Mr Alounkeo Kittikhoun; President of the Lao Gold, Jewellery and Gems Association, Mr Phouvong Phamisith; Honorary President of the Lao Handicrafts Association, Mrs Chanthao Patthamavong; Vice Chairperson of PTL Holding Mrs Manola Prasert; CEO of Sitthi Logistics Co., Ltd., Mr Viengkhone Sitthixay; members of the Lao Bullion Bank management committee and local and international dignitaries.
Speaking at the launch, the CEO of Lao Bullion Bank Co., Ltd., Dr Chanthone Sitthixay, said the launch of LBB PLUS is more than just a product release.

“This is not just a regular app launch; it is the introduction of a new innovation that connects the traditional Lao gold business with international standards, offering speed, convenience, and security through mobile technology,” he said.
To ensure high levels of user safety, the Lao Bullion Bank has invested US$2 million in the app’s security infrastructure. LBB PLUS features advanced identity verification systems, including AI-powered e-KYC and biometric authentication (fingerprint and facial recognition).
The app is locked to a single device per user, preventing unauthorised access even in the event of password theft.
The app has been certified by key government bodies, including the Bank of the Lao PDR, the Ministry of Industry and Commerce, and the Ministry of Technology and Communications.
It also integrates a real-time international gold price feed and maintains physical gold reserves, enabling customers to withdraw gold on demand.
Dr Chanthone also shared the bank’s performance to date, revealing that in the past eight months the Lao Bullion Bank has opened over 4,000 gold deposit accounts with a cumulative gold volume exceeding one tonne.
“To make our services more accessible and convenient, we have created this mobile gold bank, the LBB PLUS app, enabling customers to manage gold investments anytime, anywhere,” he said.
With the launch of LBB PLUS, the Lao Bullion Bank positions itself at the forefront of digital transformation in the Lao finance sector, merging the cultural heritage of gold with the latest in fintech innovation.
The app is now available for download across mobile platforms, providing users with a seamless, secure, and modern way to participate in the growing gold economy.

By Times Reporters
(Latest Update September 7, 2025)