On 4 November, Lao Bullion Bank (LBB) has joined the Japan Bullion Market Association (JBMA), connecting the Lao bank with an international network of precious metals market participants and standards.

The membership shows LBB’s efforts to align its operations with international practices in transparency, governance, operational standards, and market integrity.

Through its membership, LBB plans to exchange market information and industry knowledge, strengthen cooperation with participants in Japan and international bullion markets, and support greater regional connectivity and efficiency in the precious metals sector.

One potential area of cooperation is the market for high-purity 5N gold, which has a purity of 99.999 percent and is used in semiconductor manufacturing and electronic equipment.

Building relationships with industry participants in Japan could help LBB better understand market requirements, identify potential partners, and explore business opportunities in the semiconductor and precious metals supply chains.

LBB said it will continue developing bullion-related products and services while seeking to create long-term value for customers, investors, and other stakeholders, and contribute to the sustainable growth and international integration of Laos’ bullion market.