, Vietnam

UOB injects $88m in fresh capital for Vietnam charter

The capital injection was approved by the State Bank of Vietnam.

UOB has injected $88m (2t Vietnamese dong) of fresh capital in its Vietnam unit, increasing its charter capital from VND3t to VND5t.

The capital injection, which was approved by the State Bank of Vietnam, is part of UOB’s “long-term commitment to contributing to Vietnam’s economic growth and to deepening its support of more customers”.

According to the deputy chairman and chief executive officer Wee Ee Cheong, the injection of the fresh capital demonstrates UOB’s commitment to deepening its presence in Vietnam and contributing to the country’s ongoing development.

“We have grown from a representative office in 1993 to a wholly-owned subsidiary bank in 2018. Over the last three years, UOB Vietnam has grown steadily and achieved a 53%t compounded annual growth rate in assets. The increased capital base will enable us to support existing and new customers in Vietnam through our progressive solutions and the connectivity we offer across UOB Group’s regional network,” he added.

Follow the links for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Event News

Event News

BDO Capital Named as PH’s Corporate and Investment Bank of the Year for 5 Consecutive Years Co-Written / Partner
BDO Capital & Investment Corporation (BDO Capital) has been recognized as the country’s Corporate and Investment Bank of the year for the 5th straight year at the Asian Banking & Finance Awards. BDO Capital’s remarkable achievement is a testament to its consistent excellence in delivering best-in-class investment banking services across various product lines in the Philippine capital markets.