Saigon-Hanoi Bank licensed to open branch in Laos
The State Bank of Vietnam on November 9 gave a nod to the Saigon-Hanoi Joint Stock Commercial Bank (SHB) to open a branch in Laos.
The branch will operate under the authorisation of SHB and in accordance with the Lao laws.
Within 18 months, SHB is required to complete all legal procedures and prepare for infrastructure facilities and personnel so as to apply for Laos’ licence to open branch in the country.
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