KASIKORNBANK in Vietnam
KASIKORNBANK Public Company Limited was established in 1945. KASIKORNBANK (KBank) has been in operation for more than 70 years, covering commercial banking, securities and related businesses. KBank also has service networks and strategic business partners across Thailand and AEC+3, as well as locally incorporated institutions, with the core strategy to be “The Bank of AEC+3”. In support of this strategy, KBank aims to continually extend and develop its banking business network in AEC+3.
KBank was granted a license to establish a branch in Ho Chi Minh City on January 19, 2021, and the branch was established in August 2021 in order to provide services to local customers, including Thai business enterprises and foreign enterprises investing in Vietnam.
KBank has used its knowledge gained from services offered at its two representative offices in Hanoi and Ho Chi Minh City to upgrade the representative office in Ho Chi Minh City to a full-service Bank branch. This includes services primarily for the corporate and SME business sectors related to Thai customers of KBank, in particular business loan, international trade, cash management and corporate finance. Its services will then be expanded to retail banking, including deposit and personal loan, based on KBank’s digital banking expertise in collaboration with local tech start-ups through investment by KVision, to ensure that such services meet the needs of local retail customers.
