The latest addition of capital worth VND2 trillion into UOB Vietnam is currently under review by the State Bank of Vietnam.

UOB has made three capital injections into its wholly-owned subsidiary in Vietnam since 2021. The latest injection means UOB Vietnam’s charter capital has doubled from its 2021 levels and is now the second largest foreign-owned bank in the country in terms of charter capital.

Reaffirming its strong commitment to Vietnam, where UOB is the only Singapore bank with a subsidiary, UOB Group will also invest in a new headquarters building for UOB Vietnam in Ho Chi Minh City.

This new building will serve to support the bank’s business growth and workforce expansion over the next five years. Strategically located in the city center, the building aligns with the bank’s vision and the Government’s goal of developing Ho Chi Minh City into an international financial hub.

Designed with a future-oriented vision, the UOB Vietnam Plaza will embody both prosperity and sustainability while also providing a modern, professional, and efficient working environment to expand UOB’s workforce in Vietnam.

“UOB has established the most extensive footprint in Southeast Asia, and we have been part of the ASEAN growth story. Vietnam is a key market in our ASEAN strategy, and we are dedicated to deepening our presence here for the long term,” said Wee Ee Cheong, deputy chairman and CEO of UOB.

“The upcoming UOB Plaza in Vietnam is more than just a building. It epitomises our long-term commitment to the country. Having our own headquarters buildings in all five of our key ASEAN markets underscores our confidence in this region and the steadfast support for our customers and the communities”, he noted.

With the completion of the headquarters in Vietnam, UOB Group will have local headquarter buildings across all five of its key ASEAN markets, including Singapore, Malaysia, Indonesia, Thailand, and Vietnam.

UOB raises Vietnamese 2025 GDP growth forecast to 7%

VOV.VN - The Singapore-based United Overseas Bank (UOB) has revised its GDP growth forecast for Vietnam in 2025 to 7%, up from the previous projection of 6%, citing strong momentum from 2024 and factoring in potential risks from future trade conflicts under the US administration.