MoneyGram International opens first office in Vietnam

The President of MoneyGram International (MGI), Pamela H.Patsley, arrived in Ho Chi Minh City on March 3 to open the first MGI transaction office in Vietnam.

On the same day, another office also opened in Vinh City, Nghe An province.

Speaking at the opening ceremony, Ms Patsley praised Vietnam’s great market potential with more than US$7 billion in overseas remittance sent in 2010. She said MGI developed 30 percent of the networks in Vietnam and committed to continue expanding products and services in the country and cooperating with the East Asia Bank.

The East Asia Bank is the leading bank in Vietnam that will supply MoneyGram’s payment services. The bank’s Deputy General Director, Le Tri Thong said the bank will cooperate with MGI to supply customers with convenient and safe services.