Kasikornbank to open first branch in Vietnam
Target set to lend B10bn in first year
Kasikornbank, the second-largest lender by assets, said on Monday it plans to open a branch in Vietnam’s commercial hub of Ho Chi Minh City in the third quarter of this year to tap into the country’s growth.
“Attention is now focused on Vietnam as a regional investment hub that has attracted the world’s leading companies – including those from Thailand – thanks to its strong economy,” said executive vice-president Pattarapong Kanhasuwan, noting its recovery should be helped by the country’s success containing Covid-19.
The move comes as other Thai banks have expanded in Southeast Asia.
Rival lender, Siam Commercial Bank last month became the first Thai bank to obtain a banking licence in Myanmar.
In 2019, Bangkok Bank…
