VCB: Allowed to set up an office in US and bank in Laos

On July 20, 2017, Joint Stock Commercial Bank for Foreign Trade of Viet Nam (HOSE: VCB) received the approval from the Sate Bank of Vietnam regarding the establishment of representative office and subsidiary. Accordingly, VCB was allowed to set up a representative office in New York, United States and a wholly-owned bank named ietcombank Laos Limited in Vientianne, Laos. The initial charter capital of Vietcomabnk Laos Limited is US$80 million.

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