SCB eyes expansion in attractive Vietnam | Bangkok Post: business

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SCB eyes expansion in attractive Vietnam

Thai bank wants to open its own branch Deck deck

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Siam Commercial Bank (SCB) is keen to flex its muscles in Vietnam by opening its own branch rather than a joint venture in a bid to cash in on rising foreign direct investment (FDI) and the expansion of banking in the country. 

Chairman Vichit Surapongchai said Thailand, Vietnam and Indonesia were the region's main destinations for FDI, and Vietnam's banking sector still had growth potential.

Thailand's third-biggest lender by assets owns 33% of Vinasiam Bank, which has eight branches in Vietnam.

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