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Startups

Thai bank and Vietnam incubator partner to grow regional startups

Tie-up will spur cross-border expansion of fintech and e-commerce ventures

Hang Nguyen, second from left, deputy director of Vietnam's Business Startup Support Center, says her organization will help Thai startups understand Vietnamese traditions, politics and business practices. (Photo cortesy of Kasikornbank)

BANGKOK -- Kasikornbank, Thailand's second-largest lender, is partnering with Vietnam's Business Startup Support Center to help Thai and Vietnamese startups with their regional expansion plans.

Under a memorandum of understanding signed in May, the government-backed BSSC will promote Thai companies' expansion into Vietnam, where startups are booming, particularly in fintech and e-commerce.

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