Vietinbank to open branch in Laos

11:06 | 20/03/2014 Economy

The Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) will open a transaction office in PhonKoung Village, Pakse District, Champasak province, on March 29.

The office, the first of its kind in Laos, will provide all the customary services of a full-service bank including capital mobilisation, lending, trade finance, foreign currency exchange, Western Union money transfer, and card services.

Vietinbank hopes that the transaction office will meet with customer’s satisfaction and create more favourable conditions for Vietnamese enterprises to do business in Laos as well as bolstering economic cooperation between the two countries.

Champasak is Laos’ largest province, which has a wide range of commercial centres and the most developed economic zones in the South.

The province has historically also attracted a large number of Vietnamese people to live and do business.

In February 2012 VietinBank established a branch in Laos which has so far attracted more than 700 customers./.

Source VOV News