CIMB Thai and Positive Thinking partner to establish a software development centre in Vietnam

CIMB Thai Bank PCL (CIMB Thai), a member of CIMB Group, and POSITIVE THINKING COMPANY (PTC), a member of CBTW Group and a leading global technology company in the APAC region, today announced a strategic partnership to establish an expert software development center for CIMB Thai in Hanoi, Vietnam.

“With the vision of becoming a digital-led bank with ASEAN reach, we are pleased to partner with POSITIVE THINKING COMPANY and look forward to the collaboration to help accelerate our ambitious digital evolution roadmap aimed at offering customers a best-in-class digital banking experience. The partnership with PTC will scale up our digital resources and drive strong products and services across CIMB Thai’s offerings. Meanwhile, the Vietnam Software Development Center in Hanoi will be the latest highlight in our fast-moving digital journey, joining existing digital hubs in Bangkok and Chiangmai as a collective engine of excellence that will support our long-term digital aspirations,” said Paul Wong Chee Kin, President and CEO of CIMB Thai.

"It’s an honor and great pleasure to become a strategic tech partner of CIMB Thai and to help them set up their first software development center in Hanoi, Vietnam, through our distinctive Build Operate Transfer (BOT) model. Throughout our 20+ years' experience of building custom software and product development centers in Vietnam, we have witnessed the local market grow to an even more talented pool of highly motivated and well-rounded software engineers. We therefore have no doubt that the Vietnam Software Development Team will be a powerful addition to the current expert engineering teams of CIMB Thai and will make remarkable contributions to its inspirational digital journey" said Pieter van Diermen, Positive Thinking Company APAC CEO.

The Vietnam Software Development Center kicks off with a team based in Hanoi. The team is working closely with the CIMB’s engineering teams in Thailand to deploy new features and enhancements on the CIMB Thai mobile banking application as well as other digital touchpoints.

With an average of 55,000 new engineers graduating each year, Vietnam's software development sector is flourishing and becoming a major player in the worldwide software product engineering market. Vietnam is also predicted to become the second-largest digital economy in Southeast Asia by 2025.

Through its scalable and cost-effective Build Operate Transfer (BOT) model, Positive Thinking Company has established more than 15 software development centers in Vietnam to assist its global clients in accelerating their product roadmaps and digital transformation journeys.