UOB Vietnam launches an FDI Advisory Unit

Customers looking to expand will benefit.

According to a release, United Overseas Bank Vietnam (UOB Vietnam) announced the launch of its dedicated FDI Advisory Unit. 

The FDI Advisory Unit will give UOB customers expanding in and out of Vietnam access to the Bank’s full suite of corporate and personal banking products and enable them to tap into its extensive banking network in Asia.

Customers can also benefit from UOB’s relationships with strategic partners in legal, audit, business consultancy and key government agencies.

Mr Thng Tien Tat, Executive Director, UOB Vietnam said, “Vietnam has prospered from steady economic growth over the last decade and we have seen many of our customers develop from small businesses to companies that are ready to spread their wings to the rest of Asia.” 

From the first half of 2012 to the first half of 2013, UOB’s business flows increased 20 per cent. From 2010 to 2012, trade between Vietnam and Asia US$150.4 billion between Vietnam and Asia grew by 46.7 per cent to. 

Mr Thng said, “Our customers tell us it is time to expand their businesses beyond Vietnam to take advantage of Asia’s transformation from a collection of third world countries to a region of thriving economic growth. Companies from the manufacturing, trading and oil and gas industries are taking the lead in Vietnam’s expansion into the region.” 

Mr Ly Anh Dung, President of Greenfeed Vietnam Corporation and Quang Dung Company Limited, said, “Through UOB’s regional network, we have obtained support from the UOB FDI Advisory Unit team which assisted our company to expand our business presence in Singapore. We continue to seek business expansion in the region with UOB as our partnership bank.”