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UOB in deal to boost FDI, trade between Vietnam and Asean

MOU is Vietnam Foreign Investment Agency's first such tie-up with a bank

Lee U-Wen

Published Sun, Apr 19, 2015 · 09:50 PM

Singapore

UNITED Overseas Bank (UOB) and Vietnam's Foreign Investment Agency (FIA) have sealed a deal to boost foreign direct investments (FDI) and trade between Vietnam and South- east Asia.

The memorandum of understanding (MOU) was signed last Friday during Singapore Trade and Industry Minister Lim Hng Kiang's two-day visit to Hue, the capital of Thua Thien-Hue Province in Vietnam.

Mr Lim witnessed the signing together with his Vietnamese counterpart, Planning and Investment Minister Bui Quang Vinh. The agreement was one of t…