Laos welcomes VietinBank’s branch

Laos’s Permanent Deputy Prime Minister Somsavad Lengsavath has welcomed the presence of the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) in Laos.

He said Laos needs a huge sum of capital for development in the next five years during his reception for Chairman of Board of Directors of VietinBank Pham Huy Hung in Vientiane on March 15.

The Lao Government leader expressed hope that VietinBank will also help boost the two countries’ economic ties and trade as well.

The executive informed his host of the bank’s plan to open a branch in Laos, saying his working visit aimed to realise the scheme.

Founded in 1988, VietinBank now has 150 transaction offices and branches and over 800 saving offices across the country.

It is the first in Vietnam that has gained the ISO 9001:2000 certificate for quality management system. – VNA

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