Deputy Prime Minister Vuong Dinh Hue (R) and KBank President Teeranun Srihoong (Photo: VNA)

Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue suggested Thailand’s Kasikorn Bank (KBank) offer more quality financial services suitable for Vietnam as the country aims to have 1 million businesses by 2020.

At a reception for KBank President Teeranun Srihoong in Hanoi on October 4, the official lauded the bank’s opening of its two representative offices in Hanoi and Ho Chi Minh City in 2014.

He showed his support for activities facilitating the operation of KBank’s micro and small-and medium-sized enterprises (SMEs) in Vietnam.

Vietnam is restructuring the economy, credit organisations and banks, he said, suggesting the Thai bank’s participation in purchasing Vietnamese failing businesses and investing in the Vietnamese stock market.

Teeranun Srihoong affirmed that KBank will step up its assistance to Vietnamese SMEs and soon roll out an investment plan in the Vietnamese stock market.

Founded in 1945, KBank is one of Thailand’s biggest financial groups, ranking second in market share and fourth in total asset with about 71 billion USD. It also tops the country in the number of SMEs customers.-VNA