Tag: UOB
Central bank to cut refinance rate in next quarter: UOB
The Singapore-based United Overseas Bank (UOB) anticipates the State Bank of Vietnam (SBV) will cut its refinance rate in the second quarter this year by 100 basis points to 5.00%.
Foreign investors expand consumer finance business in Vietnam
Large foreign financial groups have actively penetrated the Vietnamese consumer finance market, which has significantly helped accelerate the digitalisation of the country’s financial services.
UOB completes acquisition of Citigroup’s consumer banking business in Vietnam
United Overseas Bank Limited (UOB) on March 1 announced the completion of the acquisition of Citigroup’s consumer banking business in Vietnam, which includes the transfer of approximately 575 Citigroup related staff to UOB Vietnam.
UOB maintains Vietnam’s GDP growth forecast at 6.6%
The Singapore-based United Overseas Bank (UOB) has kept its forecast for Vietnam's GDP growth in 2023 unchanged at 6.6% in line with the official forecast of 6.5%, although growth momentum is likely to be weaker.
Government leader calls for greater efforts to achieve annual targets
VOV.VN - Prime Minister Pham Minh Minh Chinh requested cabinet members use their vast experience to properly assess the situation and devise appropriate objectives, tasks, and solutions to successfully achieve the set goals by the end of the year.
UOB upgrades 2022 growth forecast for Vietnam to 8.2%
Given Vietnam’s strong economic recovery in the third quarter, the Singapore-based United Overseas Bank (UOB) has raised its forecast for the country’s GDP growth this year to 8.2%, from the previous prediction of 7%.
Vietnam’s GDP growth to be well above 6.5% target, forecast experts
VOV.VN - Vietnam’s GDP growth is anticipated to hover between 6.9% and 9% this year thanks to the positive performance in the second quarter and the first half of the year, according to domestic and international economic experts.
UOB raises Vietnam’s projected GDP growth to 7% this year
VOV.VN - Singapore-based United Overseas Bank (UOB) has raised Vietnam’s projected GDP growth this year to 7% thanks to the country’s impressive economic growth recorded in the second quarter of the year.
UOB maintains Vietnam’s 2022 GDP growth at 6.5%
VOV.VN - Singapore-based United Overseas Bank (UOB) has maintained Vietnam’s GDP growth forecast at 6.5% and inflation at 3.7% for this year, although it anticipates inflation would rise to 5% ahead in 2023.
Local bank raises US$260 million in international syndicated loans
VIB has raised US$260 million in international syndicated loans from the Asian Development Bank (ADB), United Overseas Bank Limited (UOB) and nine Asian financial institutions.
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