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UOB celebrates opening of fully-owned subsidiary in Vietnam

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From left: Victor Ngo, chairman, UOB Vietnam; To Duy Lam, director, Ho Chi Minh City Branch, State Bank of Vietnam; Leow Siu Lin, Singapore's consul-general in Ho Chi Minh City; Wee Ee Cheong, deputy chairman and chief executive officer, UOB; Catherine Wong, Singapore's ambassador to Vietnam; and Harry Loh, chief executive officer, UOB Vietnam, at the launch of UOB Vietnam.

Singapore

UNITED Overseas Bank (UOB) has incorporated its fully-owned subsidiary in Vietnam, making it the first Singapore bank to open a foreign-owned subsidiary bank in the country.

UOB had been operating under a branch licence since July 18, 1995 before incorporating the new...

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