Vietnam, Thailand to upgrade partnership to comprehensive strategic level

Vietnam, Thailand to upgrade partnership to comprehensive strategic level

Thailand has agreed to upgrade its partnership with Vietnam to a comprehensive strategic level, Thai Prime Minister Srettha Thavisin said, while affirming he would visit Vietnam in 2024.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Shinhan Bank, Public Bank the only 2 foreign banks offering above 5% interest rates

Shinhan Bank, Public Bank the only 2 foreign banks offering above 5% interest rates

South Korea-invested Shinhan Bank and Malaysia-invested Public Bank are the only two foreign commercial banks in Vietnam offering more than 5% interest for 12-month deposits, at 5.3% and 5.6% respectively.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Thailand’s Kasikornbank eyes to invest $1 bln in Vietnam till 2027

Thailand’s Kasikornbank eyes to invest $1 bln in Vietnam till 2027

Thailand's second-biggest lender Kasikornbank (KBank) aims to invest at least $1 billion in Vietnam until 2027 as part of its expansion in Southeast Asia, the bank announced Friday.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam banks cut 12-month deposit rates to below 6%

Vietnam banks cut 12-month deposit rates to below 6%

The 12-month deposit interest rates at major banks in Vietnam, domestic and foreign, have fallen below 6% this month.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deposit interest rates at foreign banks slightly reduced 

Deposit interest rates at foreign banks slightly reduced 

Amid the deposit interest rate reduction among Vietnamese banks, the rates at foreign banks in Vietnam have slightly decreased in line with the trend.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

KBank’s HCMC branch increases capital by 2.5 times

KBank’s HCMC branch increases capital by 2.5 times

Leading Thai lender KBank is doubling down on the expansion of its operations in Vietnam as the country’s central bank has granted approval for its Ho Chi Minh City Branch’s capital increase of more than 2.5 times to 9.6 billion baht ($285 million).

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Consumer finance firm F88, Kasikornbank HCMC launch strategic partnership

Consumer finance firm F88, Kasikornbank HCMC launch strategic partnership

The Ho Chi Minh City Branch of Thailand’s Kasikornbank has embarked on a strategic cooperation partnership with Vietnamese financial services company F88 to tap unbanked and underserved people in the Vietnamese market.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Foreign banks conduct aggressive expansion in Vietnam

Foreign banks conduct aggressive expansion in Vietnam

Overseas banking groups have accelerated their pace of expansion in Vietnam, where the marketplace and growing young population are driving its economy.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Thailand’s Kasikornbank opens first branch in HCMC

Thailand’s Kasikornbank opens first branch in HCMC

Thailand’s Kasikornbank opened Friday a branch in Ho Chi Minh City, aiming to have 1.2 million clients and disburse over $500 million in Vietnam before 2023.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

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