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.
Speaking on the occasion, Deputy Minister of Planning and Investment Thongmy Phomvisay welcomed MB’s presence in Laos and pledged favourable conditions for the bank as well as other Vietnamese businesses operating in Laos .
MB Vice Chairman Le Van Be expressed thanks to Laos for creating conditions for the bank to open its branch in Laos and 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./.
Speaking on the occasion, Deputy Minister of Planning and Investment Thongmy Phomvisay welcomed MB’s presence in Laos and pledged favourable conditions for the bank as well as other Vietnamese businesses operating in Laos .
MB Vice Chairman Le Van Be expressed thanks to Laos for creating conditions for the bank to open its branch in Laos and 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./.
