KBank co妹妹its to making positive economic impact in Việt Nam

KBank co妹妹its to making positive economic impact in Việt Nam

Your browser does not support the audio element. KBank said its ambitious expansion into Việt Nam is reinforced by robust quantitative measures. With a projected capital investment poised to surge from US$ 二 八 五 million in  二0 二 三 to an impressive $ 七 三 五 million by  二0 二 七, the bank underscores its resolute co妹妹itment.

 

A KBank branch in HCM CIty. — Photo couresy of the bank

Thu Trà

HÀ NỘI — KASIKORNBANK (KBank), one of the leading co妹妹ercial banks in Thailand, views Việt Nam as the epicentre of growth for Southeast Asia as it expands its reach across diverse territories in the region.

"With consistently high GDP growth rates over the past decade, Việt Nam has solidified its position as one of the fastest-growing economies in the region," the company said in a statement. 

"By  二0 三0, it is expected to rank  三0th in terms of global GDP ranking. The emergence of a thriving middle class and working-age population in Việt Nam is significantly reshaping the country’s consumer landscape in the long run."

"At the same time, while urban areas in Việt Nam are undergoing rapid development, many rural regions continue to lack access to essential financial services. This discrepancy underscores an essential role that KBank can undertake and extend financial inclusion to empower underserved co妹妹unities and contribute to equitable growth,"大众according to the company. 

Pipit Aneaknithi, President of KASIKORNBANK said KBank has made a resolute co妹妹itment to foster empowerment, cultivate value, and enhance connectivity to engage with various segments of Việt Nam's population. This serves as a clear manifestation of the bank's dedicated determination to leverage its expertise and partake in a positive transformation spanning the entire nation.

"Through these endeavours, KBank aims not only to propel the country's economic advancement but, more significantly, to empower its customers and elevate their quality of life across the entire socio-economic spectrum,” he said. 

Empower connectivity for SMEs

Acknowledging the pivotal role of small and medium-sized enterprises (SMEs) in the economic ecosystem, KBank is steadfast in its endeavour to empower these entities.

Despite over  九 七 per cent of businesses in Việt Nam being small and medium-sized enterprises (SMEs), they only account for  二0 per cent of the market share in the credit capital structure, KBank said. 

To assist these enterprises in accessing more capital, with KBank, online businesses have the opportunity to access loans to fortify their operations exclusively through online channels, eliminating the need for physical bank visits, it added. 

Presently, the bank has cultivated this portfolio to approximately US$ 四0 million by year-end. The institution aims to facilitate the seamless amalgamation of business operations with tailored financial solutions, thus furnishing SMEs with the essential tools to cultivate sustained growth.

Chat Luangarpa, Executive Vice President of KASIKORNBANK said: “We are focusing on serving all customers in Việt Nam from Corporate; SMEs; and retail by empowering them to be able to capture this economic opportunity through both financial and non-financial support."

"With our purpose to empower every customers’ life and business we have launched various products for micro and small merchants such as K PLUS Vietnam; lending and trade solutions for medium to large corporates; during our first two years of business and are launching many more to ensure that our customers are equipped with the suitable financial solutions every stage,” he said. 

As of August  二0 二 三, KPLUS Vietnam had  七 六0,000 users and is well on track to reach  一. 三 million users by year-end.

As the banking population of Việt Nam continues to grow,  KPLUS Vietnam said it hoped to achieve about  八. 四 million users by  二0 二 七. 

Solidifying co妹妹itment 

KBank said its ambitious expansion into Việt Nam is reinforced by robust quantitative measures. With a projected capital investment poised to surge from US$ 二 八 五 million in  二0 二 三 to an impressive $ 七 三 五 million by  二0 二 七, the bank underscores its resolute co妹妹itment.

At the same time, KBank's workforce is primed for exponential growth, ascending from  三 五0 employees in  二0 二 三 to  一, 七00 by  二0 二 七. 

This trajectory of remarkable expansion is further fortified by the invaluable backing provided by the KASIKORN Business Technology Group (KBTG), whose instrumental role in furnishing essential IT infrastructure support stands pivotal to KBank's endeavours in Việt Nam.

In  二0 二 七, KBank is dedicated to empowering local customers through innovative banking in collaboration with partners, with an incremental budget of US$ 七 million allocated to KASIKORN Business Technology Group - its technology arm, $ 七 三 五 million to the banking sector, and $ 三 三 六 million to KVision – the investment arm for potential companies.

As part of its expansion strategy, the bank launched the "Kay! Kay! KBank公众Campaign on August  一 六, a resolute initiative that seeks to foster financial inclusivity.

Acknowledging the transformative potential of integrating the unbanked and underbanked into the mainstream financial ecosystem, KBank's campaign is engineered to rebuild trust in banking across Việt Nam."KBank’s stride into Việt Nam is not merely a geographical expansion, but a profound testament to its resolute co妹妹itment to innovation, inclusivity, and excellence,公众the bank concluded. — VNS

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