Military bank opens new branch in Laos

Vietnam’s Military Commercial Bank (MB) has launched a branch with an initial capital of US$12 million in the Lao capital city of Vientiane.

The branch will provide business and individual clients with short, medium and long-term loans for expanding investment and consumption activities for individuals and businesses along with offering card, remittance, guarantee, foreign exchange and international payment services.

On the occasion, the branch signed co-operative contracts with Unitel, a joint-venture between Viettel Global and Lao Star Telecom, PV Oil and Phou Luong company. It donated three houses worth VND300 million to families of veterans and soldiers in difficulties in Laos.

The presence of MB in Laos will contribute to boosting solidarity and trade ties between Vietnam and Laos. (VNA)

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