Thailand’s Kasikornbank (KBank) is exploring an acquisition deal with Home Credit Vietnam. (Photo: Kaohoon International)
Bangkok (VNA) – Thailand’s Kasikornbank(KBank) is exploring an acquisition deal with Home Credit Vietnam as part ofits ASEAN business expansion.
Home Credit Group plans to sell its businesses across ASEAN,said KBank Executive Vice-President Pattarapong Kanhasuwan.
"The deal is in the early stages and the bankneeds to spend more time studying the feasibility and pricing before making adecision on bidding," he was cited by the Bangkok Post as saying.
In addition to Home Credit, the Thai bank is exploringother potential deals in Vietnam, he added.
Under its ASEAN 3 strategy, the bank eyes regionalexpansion via several business models for both organic and inorganic growth.
KBank, Thailand's second-largest lender by totalassets, opened a branch in Vietnam in August 2022. The bank set a target of 20billion THB (about 570 million USD) in outstanding loans and a customer base of1.2 million in the country in 2023.
Pattarapong said for the Vietnamese market, KBankfocuses its growth in three core areas: business scale, customer base andcompetitiveness.
Digital technology is a key strategy facilitating itsbusiness expansion. The bank's subsidiary, Kasikorn Business Technology Group(KBTG), set up a technology hub, KBTG Vietnam Co Ltd, which provides digitalbanking services in the country.
In a related development, Finnoventure Fund I, managedby Krungsri Finnovate, the corporate venture arm of Krungsri, is investing inMFast, a leading fintech startup with a banking service platform in Vietnam.
The leading financial services distribution network inVietnam, MFast's network includes 160,000 active agents who work with customersin tier 2 and tier 3 cities throughout Vietnam.
MFast helps customers access financial services,including loans and insurance, as well as high-ticket items like homeappliances from brands that don't usually open retail branches in rural areas./.
The annual Vietnamese Goods Week in Thailand is taking place in Bangkok, featuring a record number of some 100 Vietnamese firms showcasing their products.
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Large Thai corporations are hopeful that new Prime Minister Srettha Thavisin will restore investor confidence and give a boost to the sluggish Thai economy.
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The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Thailand’s Kasikornbank (KBank) is exploring an acquisition deal with Home Credit Vietnam. (Photo: Kaohoon International) 
