Banking

CIMB Takes Vietnam More Seriously with a Second Branch and New Mobile App

by Fintech News Malaysia December 5, 2018 7 comments

CIMB Bank unveiled its first Digital Lounge in Ho Chi Minh City (Saigon), along with the OCTO by CIMB mobile banking app for consumers.

Ho Chi Minh City hosts CIMB Bank Vietnam’s first branch following the establishment of its headquarters in Hanoi in 2016. The launch also marks the beginning of CIMB Vietnam’s digital banking proposition, inaugurated by the OCTO app which offers round-the-clock mobile banking.

Representatives from the State Bank of Vietnam witnessed the digital lounge launch, along with the Consulate General of Malaysia and Malaysia External Trade Development Corporation based in Ho Chi Minh City.

Tengku Dato’ Sri Zafrul Aziz, Group CEO, CIMB Group, said:

Tengku Dato’ Sri Zafrul Aziz

“As one of the region’s fastest growing markets, with macroeconomic stability, a strong entrepreneurial culture, and a high proportion of young mobile-centric population, Vietnam is well-poised to contribute significantly to ASEAN’s economic development.”

To Zafrul, the launch demonstrates that CIMB has a long-term goal in Vietnam that will continue beyond OCTO and the launch of the Digital Lounge in their grand plans that encompasses all of ASEAN.

Featured image via CIMB