Vietcombank opens first overseas subsidiary in Laos
Monday, October 22,2018AsemconnectVietnam - The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) opened its first overseas subsidiary in Vientiane, Laos, on October 19.
Located on Lane Xang Avenue, a finance-banking hub in downtown Vientiane, the Vietcombank Laos chapter has a charter capital of US$80 million, the highest among Vietnamese credit institutions in the country.
Aiming at connecting Vietnamese and Lao financial markets, the recently opened bank offers finance and investment service packages to Vietnamese investors in Laos and Lao businesses.
Vietcombank is completing procedures to open a representative office in the US and a branch in Australia. Currently, it has more than 500 branches, representative offices, and member companies in Vietnam and overseas; with over 2,100 agencies established across 131 countries and territories.
The bank posted a pre-tax profit of over VND7.72 trillion (US$336.2 million) in the first half of this year, up 52.7% year-on-year. It looks to expand the figure to VND13 trillion (US$566.15 million) by year’s end, up 14.6% against 2017.
Recently, Vietcombank has become the first bank in Vietnam to meet the SWIFT Global Payments Innovation Initiative (GPI) standards, which makes the bank ready to provide comprehensive solutions to satisfy clients’ demand in payments and money transfers.
PVCoating (PVB) executes a pipe wrapping contract for Vietsovpetro
Hoang Anh Gia Lai (HAG) earns VND108 billion profit in February 2023
Nam A Bank (NAB) expects VND2,400 billion dong pre-tax profit, 25% dividend
475,000 tons of Hoa Phat steel (HPG) were consumed in February
Duc Giang Chemical (DGC): Profit expected to decrease by 50.3% to VND3,000 billion in 2023
Thien Long Group (TLG): Profit down 77% in January 2023
Sao Ta Foods (FMC): Sales increased by 18.6% to USD13.4 million in February 2022
Petrosetco (PET) estimated at VND2 billion profits in January 2023, down 93.9%
PNJ: Net sales in January 2023 increased by 18.8% yoy
Masan MeatLife (MML) approved to pour another VND740 billion into MeatDeli HN
Ben Tre Seafood (ABT) pays 20% cash dividend
SeABank (SSB) increased charter capital to nearly VND20,403 billion
Minh Phu (MPC) decided to increase capital in two subsidiaries
197 enterprises receive High Quality Product - Global Integration Standards certificates
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...