KASIKORNBANK Sets up Its First Vietnamese Branch in Ho Chi Minh City
by Fintech News Vietnam November 15, 2021Thailand’s KASIKORNBANK (KBank) announced that it has opened a branch in Ho Chi Minh City with the aim of linking the trade and investment network within the ASEAN region.
This will be KBank’s first branch in Vietnam, and its tenth overseas one.
By the end of 2022, the KBank has set targets for the deposits and loans of the HCMC branch at 1.2 billion Baht and 15 billion Baht, respectively.
Along with this, the bank said that it is looking to expand its customer base in Vietnam to a total of 8 million within the next five years.
KBank added that it will also be recruiting more than 500 tech-savvy talents to join its workforce and boost its capabilities to accommodate its business expansion in Vietnam.
The bank has served Vietnamese customers via its two representative offices in Hanoi and Ho Chi Minh City since 2015.
Pipit Aneaknithi
Pipit Aneaknithi, KBank President, said that the bank’s business operations in Vietnam are not solely limited to traditional banking but should also expand business opportunities in this new era of financial transactions through the offering of disruptive/digital banking services, as the population of Vietnam includes a large number of younger-generation people who are digital-savvy and have technological readiness.
