At the opening ceremony of the Vietinbank Laos (Photo: VNA)
Hanoi (VNA) – The Vietnam Joint Stock Commercial Bank for Industry and Trade in Laos (Vietinbank Laos) has upgraded its transaction office in Champasak province to a branch.

Speaking at the September 20 opening ceremony, Nguyen Van Thang, Chairman of the Board of Director of Vietinbank, said the upgrade aims to help the branch be more proactive in business and expand its transaction offices in southern Laos with a variety of products.

Deputy Governor of the Central Bank of Laos Vatthana Dalaloi appreciated Vietinbank Laos’ business results and social contributions in Laos, saying that the opening of the Champassak branch is an important step in its business expansion plan as Champassak is one of the provinces with high economic growth rate.

Dao Minh Tu, Deputy Governor of the State Bank of Vietnam, said the event vividly manifests the deepening Vietnam-Laos relationship and marks Vietinbank’s strategic step in the dynamic Lao market.

Beginning operation in February 2012, Vietinbank’s branch in Laos was upgraded to Vietinbank Laos on August 2015.-VNA