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First Singaporean bank debuts in Vietnam

First Singaporean bank debuts in Vietnam

The Singapore-based United Overseas Bank (UOB) will debut in Vietnam on July 2. It is the ninth foreign wholly-owned bank and the first Singaporean bank in the country.

Vietnam lucrative for foreign banks

Vietnam lucrative for foreign banks

Last month, United Overseas Bank became the first Singaporean bank to receive an approval to open a wholly-owned subsidiary in Vietnam.

AEC creates banking conundrum for Vietnam

AEC creates banking conundrum for Vietnam

(VOV) - Malaysia’s Public Bank Berhad based out of Kuala Lumpur recently filed to become the sixth wholly-owned foreign bank in Vietnam, according to officials at the Bank for Investment and Development of Vietnam (BIDV).