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

Reuters

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Vehicles pass by a Sacombank office. File photo Vehicles pass by a Sacombank office. File photo

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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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