Vietnam's Sacombank to expand Laos branch operations - central bank

Wednesday, 01/04/2015 GMT+7

Vehicles pass by a Sacombank office. File photo

Vietnam's central bank said on Monday it would allow Sacombank to expand operations at its branch in Laos, so it can offer full banking services.

Sacombank, Vietnam's six-largest partly private lender by assets, must expand the branch's operations by March 26, 2017, the State Bank of Vietnam said in a statement.

The Laos bank would have a registered capital of $39 million.

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Vietnam's Sacombank to expand Laos branch operations - central bank

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