Lao Bullion Bank, Samlane Jewelry partner to elevate Lao gold industry

Lao Bullion Bank (LBB) and Samlane Jewelry on March 4 officially entered into a strategic partnership to enhance the Lao bullion market and gold industry to international standards.
The signing ceremony of the Memorandum of Agreement (MOA) took place at the Crowne Plaza Hotel in Vientiane, witnessed by senior officials, industry leaders, and distinguished guests.
Among the attendees were Deputy Governor of the Bank of the Lao PDR, Mr Soulisack Thamnouvong; Chief Executive Officer of Lao Bullion Bank, Mr Chanthone Sitthixay; and Owner of Samlane Jewelry, Mrs Samlan Phothisan.

A Milestone for the Lao Gold Market
Speaking on behalf of LBB’s Board of Directors, Mr Nouxay Vensavanh emphasised the importance of this collaboration in standardising the Lao gold market and integrating it into the global financial system. The agreement follows a previously signed memorandum of understanding and a comprehensive feasibility study.
Lao Bullion Bank operates under the Commercial Bank Law of the Lao PDR and aims to provide a secure platform for gold deposits, catering to the general public and ethnic communities. This partnership marks a crucial step in facilitating gold transactions, enhancing industry standards, and expanding gold-related financial services.

Strengthening Gold Trade and Financial Stability
Under this agreement, Samlane Jewelry will be able to deposit gold with the Lao Bullion Bank while also facilitating gold purchases and sales through both entities. This initiative is expected to improve market liquidity, create a gold trading network across Laos, and ensure smooth transactions for investors and consumers.
The management of the Lao Bullion Bank expressed confidence that this partnership will contribute to mobilising gold into the financial system, strengthening the country’s economic stability, and reducing inflation risks.
Meanwhile, Ms Thippaphone Phothisan, representing Samlane Jewelry, highlighted the company’s long-standing reputation in the gold industry and its commitment to elevating market standards in collaboration with LBB.
Exclusive Promotion for Early Participants
To commemorate the agreement, customers can participate in a special promotion by depositing gold at the Lao Bullion Bank. Eligible participants will receive 1 gram of free gold when depositing a minimum of 75 grams of Samlane Jewelry-branded gold.
Promotion Details:
- Eligibility: First 999 participants
- Deposit Requirement: Minimum 75 grams of Samlane Jewelry gold
- Reward: 1 gram of free gold per eligible account
- Deposit Terms: Fixed-term gold deposit for 1 year, earning 2 percent annual interest
- Validity: Until April 30, 2025, or until all 999 slots are filled
This partnership marks a significant milestone in Laos’ bullion industry, paving the way for a more structured, transparent, and internationally recognised gold market.

By Times Reporters
 (Latest Update March 13, 2025)