UOB builds new Ho Chi Minh HQ

CEO Wee Ee Cheong met with Vietnam President To Lam on 30 May.

UOB is building a new headquarters in Ho Chi Minh City, Vietnam with a groundbreaking ceremony scheduled for July 2026.

The Singapore-headquartered bank has been operating in Vietnam for over 30 years, and UOB Vietnam is the second largest foreign-owned bank in the country with over S$500m (VND10t) in charter capital.

The bank’s foreign direct investments (FDI) advisory unit has reportedly worked with over 400 companies in a total of S$9b in projected investments. UOB estimates job opportunities from these investments to be around 60,000.

UOB’s CEO and deputy chairman Wee Ee Cheong met with Vietnam’s President To Lam on 30 May 2026 during a state visit.

“We see tremendous opportunities in Vietnam’s continued transformation and its growing role as a key hub in ASEAN,” Wee said.

As of 2026, UOB has five branches in Ho Chi Minh and in Hanoi.

UOB also inked a deal with technology services provider FPT to modernise its banking systems.