The new branch was officially launched on September 20 by Nguyen Van Thang, chair of VietinBank Board of Directors, at a ceremony attended by local government officials, customers and business partners.
In his speech at the launching ceremony, Mr Thang said the establishment of the ASEAN Economic Community (AEC) last year offers great potential for the development of Laos and Vietnam.
He said the new branch would boost VietinBank’s ability to support the increasing trade between Laos, Vietnam and the remaining eight ASEAN countries.
The services offered by VietinBank’s branches in Laos include retail and business banking, foreign exchange, remittances, treasury services as well as ATMs. Among the retail offerings include mortgages and personal loans while business banking services include term financing and trade financing.