Vietnam Military Bank to open branch in Laos

Vietnam Military Bank (MB) was licensed on October 14 to open a branch in Laos with an initial capital of US$12 billion.

Speaking on this occasion, the Lao Deputy Minister of Planning and Investment Thongmy Phomvisay pledged to create the best possible conditions for the MB to operate.

MB’s President Le Van Be thanked the Laotian State and Government for their help and promised to serve customers as soon as possible for the benefit of economic development in Laos.

MB has a charter capital of around US$272 million and property worth US$5 billion.

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