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| Agribank signs the Agreement on Border Payment with Phongsavanh Bank (Lao) |
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In June 3, 2008 – The Agreement on Border payment signed by Agribank and Phongsavanh Bank (Lao) at Head Office of Agribank.
On the signing ceremony, there are Mr Nguyen Ngoc Lan – Deputy Chief of FX Management Department of State Bank, For Phongsavanh bank, the attendants including: Mr Oth Phongsavanh – Chairman of BoM (Board of Management) of Phongsavanh Bank, Mrs Ouane Phandara – member of BoM, Mr Bounthavy Dynavong – Deputy General Director and |
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| delegates. For Agribank, there are Mr Hoang Anh Tuan – Member of BoM of Agribank, Mrs Le Thị Thanh Hang – Deputy General Director and Managers of Functional Departments at Head Office. |
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| Co-operation Content between Agribank and Phongsavanh Bank are as follows: |
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| Trusts of the 2 bank |
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Bank draft for border payment |
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Border transfer Document |
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Commercial affair document applied for border payment |
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Trust letter for border transfer |
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Transfer message |
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Credit letter, document of border payment |
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Guarantee letter of border payment |
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| Business Consultancy |
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Other trusts agreed by 2 banks |
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In recent year, the commercial trading at border between Vietnam and neighbouring countries including Lao, has been drastically developed. By the advantages of Agribanks – the biggest state owned commercial bank of Vietnam, and Phongsavanh Bank – the first private commercial bank of Lao |
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| this agreement will create the good foundation for further co-operation between 2 banks in the coming years. Phongsavanh Bank hopes that the border payment of Vietnam - Lao will be successful made not only in Lao Bao but also in other gates such as Thanh Hoa, Nghe An, Ha Tinh, Quang Binh and Kon Tum. |
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