UOB, Vietnam's Foreign Investment Agency secure over S$3b of direct investments into country

Singapore

UOB has secured more than S$3 billion of foreign direct investment (FDI) into Vietnam in alliance with Vietnam's Foreign Investment Agency (FIA) and is facilitating an additional pipeline of more than S$1.5 billion under an expanded Memorandum of Understanding (MOU) with FIA, said the bank on Friday.

The lender has helped more than 150 companies seize opportunities in Vietnam, and aims to double the number as part of the latest MOU. More than 2,000 jobs are forecasted to be created in Vietnam from the next wave of investments, on top of the more than 17,000 jobs already created under the first MOU.