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Sunday, May 5, 2024

Kasikornbank branches out into Vietnam aiming at top 20 by 2027

PHOTO: Facebook/KBTG

Breaking new ground in its expansion strategy, Kasikorn Business-Technology Group (KBTG), a subsidiary of Thailand’s Kasikornbank, has laid the foundation stone for KBTG Vietnam in Ho Chi Minh City. With an aim to serve the surging regional digital expansion of its parent conglomerate and to attain a spot amongst the top 20 banks in Vietnam by 2027, this development is a crucial one for the bank.

KBTG Vietnam is expected to spearhead the technology advancement of Kasikornbank to offer services in Vietnam and beyond. This marks the second establishment of KBTG in the Association of Southeast Asian Nations (ASEAN) bloc after Thailand and third in Asia following K-Tech in Shenzhen, China.

KBTG’s vision for the Vietnam branch projects the recruitment of more than 500 staff within a timeline of three years to metamorphose into a regional tech company as…

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