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PM LEE IN VIETNAM

UOB gets nod to expand branch network in Vietnam

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In 1995, UOB opened its branch in Ho Chi Minh City (above). The bank hopes to extend its services beyond the city with the new bank licence.

Hanoi, Vietnam

UNITED Overseas Bank (UOB) is on track to become the first Singapore bank to set up a network of branches in Vietnam.

The State Bank of Vietnam announced on Thursday that it has given its in-principle approval for UOB to be granted a foreign-owned subsidiary bank

sentifi.com

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