The central bank approved a plan by Saigon Thuong Tin Commercial Joint Stock Bank, known as Sacombank, to open two branches in Laos and Cambodia, the bank said in a statement emailed to Thanh Nien Daily Thursday.
The lender, which is the only listed bank on the Ho Chi Minh Stock Exchange, said it was urgently completing necessary procedures to open the two branches.
Sacombank set up a representative office in China’s Guangxi Province on January 8 this year.
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