UOB Vietnam celebrates 30th year, aims 30,000 jobs creation

The bank has partnered with Saigon Children's Charity to celebrate it's 30th year of stepping foot in Vietnam.

United Overseas Bank (UOB) Vietnam, a subsidiary of UOB, celebrated its 30 years in Vietnam with Saigon Children’s Charity.

The bank and the charity launched a project that will establish computer rooms in schools across the Mekong Delta region over the next five years. 

This initiative aims to provide digital learning opportunities and enhance computer skills for over 2,000 young students. 

UOB Vietnam has been actively supporting the Saigon Children's Charity in the past year to assist underprivileged children. 

This project aligns with UOB's Heartbeat corporate social responsibility (CSR) program, which strives to create a sustainable positive impact and foster inclusive societies.

UOB's connection with Vietnam began three decades ago in 1993 when the bank established a representative office with a small team of three individuals, the bank told in a statement.

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Two years after, in 1995, UOB became the pioneering Singaporean bank to open a branch in Ho Chi Minh City. 

Presently, UOB Vietnam stands as a wholly-owned subsidiary of UOB and remains the sole Singaporean bank to have a subsidiary in Vietnam. 

Following the signing of a Memorandum of Understanding with Vietnam's Foreign Investment Agency in April 2015, UOB has been instrumental in assisting over 250 companies in their investments in Vietnam. 

These investments are anticipated to surpass S$5.8b and contribute to the creation of over 30,000 job opportunities within Vietnam.

UOB Vietnam achieved another significant milestone this year with the integration of 575 Citi colleagues following UOB's acquisition of Citigroup's consumer banking businesses in Indonesia, Malaysia, Thailand, and Vietnam.