Hanoi, June 3 -- Designed to serve as a gateway between international investors and the Vietnamese market, the VIFC is expected to facilitate capital inflows from Singapore and the broader ASEAN region into Viet Nam.
As part of its expansion plans, UOB will break ground on a new headquarter in Ho Chi Minh City this July. The project is located within the planned VIFC-Ho Chi Minh City (VIFC-HCMC) zone.
UOB remains the only Singaporean bank operating a wholly owned banking subsidiary in Viet Nam. With charter capital of VND 10 trillion (US$379.76 million), UOB Viet Nam is the country's second-largest foreign-owned bank. Its acquisition and integration of Citi Viet Nam's retail banking business, completed in July 2025, significantly expanded...