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Military bank opens branch in Laos

The Lao Ministry of Planning and Investment granted an investment licence to the Vietnam ’s Military Bank (MB) to open its branch with an initial capital of 12 million USD, on October 14.
The Lao Ministry of Planning and Investment granted an investmentlicence to the Vietnam ’s Military Bank (MB) to open its branch withan initial capital of 12 million USD, on October 14.

Speakingon the occasion, Deputy Minister of Planning and Investment ThongmyPhomvisay welcomed MB’s presence in Laos and pledged favourableconditions for the bank as well as other Vietnamese businesses operatingin Laos .

MB Vice Chairman Le Van Be expressed thanks toLaos for creating conditions for the bank to open its branch in Laosand promised to provide best services to the clients.

MB currently has 272 million USD in charter capital and total asset value of 4.9 billion USD./.
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