UOB opens 10th FDI Advisory Centre in Japan
Since its launch, the advisory unit supported about 4,000 companies investing in the region.
UOB opens the 10th FDI Advisory Centre in Tokyo, with a dedicated Japan desk in Singapore to assist Japanese firms expanding in Southeast Asia.
UOB's establishment of an FDI Advisory Centre in Japan comes at a crucial time, it said in a release.
With a track record of assisting over 300 Japanese companies in expanding into Southeast Asia since 2011, the bank recognises the growing trend driven by several factors.
These include supply chain realignments, trade tensions, a burgeoning consumer demographic in a high-growth region, and the emergence of the digital economy.
UOB collaborated with Deloitte Private and partnered with organisations such as Singapore's Economic Development Board, Indonesia's Investment Coordinating Board, Vietnam's Foreign Investment Agency, Malaysian Investment
Since its inception, UOB's FDI Advisory Unit has supported nearly 4,000 companies in investing over S$43b in the region. This has resulted in the creation of approximately 124,000 job opportunities across Southeast Asia since the start of the pandemic in 2020.
The Tokyo FDI Advisory Centre will serve as a conduit, connecting ASEAN investment promotion agencies, professional service providers, and stakeholders in the value chain. Its aim is to assist Japanese companies in navigating the intricacies of the region's business landscape.