Mr Phan Thanh Tuan, teachers and students gather for a group photo after the awarding of scholarships.

Sacombank Lao supports Lao students in Vietnam with scholarships and internships

In a move to support the educational and professional development of Lao students, Sacombank Lao, a leading commercial bank in Laos, recently handed over 20 scholarships to Lao students taking university courses in Vietnam’s Ha Tĩnh province. The scholarships were given to third and fourth year students.

Mr Phan Thanh Tuan.

The scholarships were presented on June 3 at Ha Tĩnh University, marking the bank’s contribution to the Lao government’s efforts to develop human resources to drive socio-economic development.   
Additionally, the bank, also known as  Saigon Thuong Tin Bank Lao Co., Ltd., welcomed five Lao interns for on-the-job training at their facilities.
The internship programme is designed to provide practical experience and exposure to the banking industry, equipping the interns with valuable skills and knowledge that will aid their future careers. The interns will benefit from training programmes covering various aspects of banking operations, customer service, and professional development, which will bridge the gap between academic knowledge and practical application.
Speaking at the scholarship presentation ceremony, Sacombank Lao’s General Director, Phan Thanh Tuan, expressed the hope that the scholarships would encourage the deserving students to work harder at their studies, enabling them make the most of their talents and potential and also make meaningful contributions to society as a whole.
“We strongly hope that the scholarships will inspire students to pursue their education and develop themselves further in the future,” said the director, who is also a member of the bank’s board of directors.
Sacombank Lao’s initiative underscores the importance of public-private partnerships in driving educational and economic progress in Laos.
By collaborating with educational institutions and supporting the aspirations of Lao students, the bank is setting an example for other organisations to follow suit to build a brighter future for Lao society.
Established and evolved in the beautiful land of a million elepants, the Sacombank Lao trademark has been widely recognised. Being a subsidiary branch of the Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank), a leading commercial bank in Vietnam, the bank has a network across the three Indochinese countries - Vietnam, Cambodia and Laos.
In Laos, the bank has five branch offices comprising the Lane Xang Office, Vientiane Office, That Luang Office, Savannkahet Office, and Champassak Office. Its financial services have been crucial in driving Laos’ socio-economic development. In addition to its business development strategy, Sacombank Laos has provided social assistance through various charity activities such as blood donations, tree planting, donations of rocking chairs, the provision of gifts to students in remote communities, and aid relief for flood victims across Laos, among other activities.
Sacombank is trusted by businesses and individual customers, reflected by the many awards it has received and its customer bases in the Indochinese countries.
This was also evident in Laos after Sacombank Lao received the ‘Best SME Bank Lao People’s Democratic Republic 2020’ award given by the United Kingdom-based Global Banking and Finance Review magazine.
A year later (2021), the magazine again chose the bank to win the same award. In 2022, the bank was one of five financial institutions to be awarded by the Lao Ministry of Industry and Commerce as the best lending services for SMEs. In 2023, VISA awarded the bank in the ‘Most Innovative Digital Banking’ category.   
Sacombank Lao is committed to continuing to improve its quality services by developing and introducing new and innovative products in this digital age to meet the particular needs of individual customers and businesses to support their growth and make meaningful contributions to the Lao financial and banking industry and drive the socio-economic development of the country.

Mr Phan Thanh Tuan presents scholarships to Lao university students in Vietnam.

By Advertorial Desk
 (Latest Update June 6, 2024)