Vietinbank signed a cooperation contract with the Laos Development Bank for a number of financial areas like client services, credit card-issuing and trade supports.
At the signing ceremony, Vietinbank also disclosed its desire to become a strategic shareholder in LDB.
At present, LDB has the largest banking network in Laos and one of the two Lao State-run banks that will be privatised.
Under the schedule, LDB will first issue its stocks to the public by the end of 2011.
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