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La Poste Group strikes deal to assist LienVietPostBank
Thanh Thuong
Monday,  Oct 21, 2013,20:19 (GMT+7)

La Poste Group strikes deal to assist LienVietPostBank

Thanh Thuong

By Thanh Thuong - The Saigon Times Daily

Representatives of La Poste Group, VNPost and LienVietPostBank sign a cooperation deal in Hanoi last week - Photo: Ky Anh

HANOI – France’s La Poste Group last week signed a technical consulting and technology transfer contract with Vietnam Post Corporation (VNPost) and LienVietPostBank in which VNPost is a shareholder.

La Poste will provide consulting for VNPost and LienVietPostBank to work on the merger of effective administration models, design of retail products for a post bank and the launch of new products onto the market. The French firm will also help LienVietPostBank build up a model post transaction office in five years.

La Poste Group will send its experts to work with a team of LienVietPostBank on the project.

Duong Cong Minh, chairman of LienVietPostBank, said the bank has over 10,000 service points thanks to a pervasive network of post offices.

LienVietPostBank has total chartered capital of nearly VND6.5 trillion and total assets of nearly VND80 trillion. The bank has nearly one million customers.

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