SHB plans to set up a 100 percent-owned subsidiary in Laos in the near future.
SHB plans to set up a 100 percent-owned subsidiary in Laos in the near future.
SHB General Director Nguyen Van Le told Governor of the Lao Central Bank Somphao Phaysith at a meeting in Hanoi on December 17.
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SHB opened its branch in Laos in August 2012. After more than one year of operation, the branch has developed steadily with its total loans reaching VND585 billion (US$27.8 million), up 547% from late 2012 and a profit of VND8.3 billion earned from different social and welfare activities.
Somphay spoke highly of SHB’s achievement over the years, which have contributed to socio-economic developments in Laos, particular in Champasak province.
He presented a certificate of merit to SHB and affirmed his support for its plan to expand operation in the country.
(Source:VOV)
