VietinBank increases capital fund for branch in Laos

The State Bank of Vietnam has allowed Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) to raise the capital fund for its branch in Laos to US$22 million from $12.5 million.

The additional $9.5 million includes the cost of building the branch head office in Laos.

VietinBank’s Laos branch opened in Dec. last year at 29 Khoun Boun Lom Street in Vatchan Ward of Chanthabouly District in Vientiane City.

By T.Tuyet – Translated by Thuy Doan

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