The Board of Directors (BOD) of Vietnam Joint Stock Commercial Bank for Industry and Trade (CTG) has approved the contract for representation of collateral and the power of attorney document between Vietinbank and Vietinbank Laos. This contract aims to facilitate the management and execution of activities related to collateral in the cooperation relationship between the two banks. Vietinbank will represent Vietinbank Laos in handling and receiving collateral as needed, ensuring that the rights and interests of Vietinbank Laos are protected and effectively realized. This decision reflects the efforts of both parties to optimize workflows and enhance cooperation in financial transactions in the international market.
Leave a Reply