By Reuters Staff
2 Min Read
BANGKOK, Feb 8 (Reuters) - Thailand’s second-largest lender by assets, Kasikornbank Pcl, 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.