KBank has operated a full-fledged business through its branches in Vietnam since 2021. Being one of the key regional markets, Vietnam's GDP is projected to grow steadily at 5-6 percent until 2029. KBank Cashback Plus, the first credit card product of KBank Vietnam, was launched in April 2024 and has proven very popular among our customers. According to VisaNet, the active card rate of KBank Cashback Plus exceeded 90 percent in the third quarter of 2024.
Source: Kasikorn Bank