Nearly 400 distinguished guests, including representatives from the State Bank of Vietnam, business leaders, and industry partners, attended the event, underscoring Cathay United Bank (CUB)’s profound and enduring commitment to Vietnam.
Since entering the market in 2005 with its first branch in the Chu Lai Open Economic Zone, Quang Nam Province, CUB has consistently expanded and solidified its presence. In 2022, the bank relocated its branch from Quang Nam to Ho Chi Minh City, rebranding it as CUBHCM—a strategic move to deepen its penetration into the domestic market. The upgrades to the Quang Nam Representative Office in 2024 and the Hanoi Representative Office in 2025 further cement CUB’s long-term dedication to Vietnam.
Reflecting on CUB’s two-decade journey in Vietnam, Mr. Andrew Kuo, Chairman of the Board of Cathay United Bank, stated, “CUB is proud to have grown alongside Vietnam’s dynamic economy over the past 20 years. From day one, our mission has been clear—to support Vietnam’s development, connect opportunities, and provide innovative financial solutions to foster sustainable relationships.”
Mr. Kuo added, “As Vietnam continues its economic transformation, we are investing in digitalization to deliver safer and more convenient services. This year’s capital increase for the Ho Chi Minh City branch reflects our long-term commitment and confidence in this market. CUB will continue to view Vietnam as a second home, driving our vision to become a leading regional bank in Asia.”
Mr. Andrew Kuo delivering a speech at CUBHCM’s 20th-anniversary celebration. Photo: Cathay United Bank
Over the past three years, CUBHCM has achieved impressive double-digit growth in both revenue and profit, showcasing robust operational performance and strategic focus in Vietnam. By 2025, CUBHCM had partnered with over 300 enterprises and participated in more than 100 syndicated loan projects, including nearly 20 as the lead arranger—solidifying its position as a leading foreign bank in Vietnam. Additionally, CUBHCM continues to serve as a vital bridge for regional expansion, specializing in syndicated loans, trade finance, and advisory services. In sustainable finance, CUB has pioneered the adoption of the Equator Principles and launched Green Loan packages to support LEED-certified and environmentally compliant projects.
During the event, Ms. Le Thi Thu Thuy, Vice Chairwoman of Vingroup, congratulated CUB on this milestone, recognizing the bank as a trusted strategic financial partner over seven years of collaboration. She praised CUB’s expertise in complex syndicated loans, long-term investment mindset, robust regional network, and commitment to sustainable partnerships.
Notably, CUBHCM’s efforts in digitalization, corporate culture, and social responsibility have yielded remarkable achievements. In 2024, CUBHCM launched the “CUB Vietnam” app, a fully digital end-to-end lending platform, marking a breakthrough in consumer finance. By October 2025, the app had garnered 640,000 users and 5 million downloads, winning four international awards and setting a new standard in digital banking.
The entire CUBHCM team celebrating 20 years of establishment in Vietnam. Photo: Cathay United Bank
Furthermore, CUBHCM was awarded “Best Companies to Work for in Asia” at the HR Asia Awards 2025, reflecting its commitment to employee welfare and career development. With nearly 200 employees—80% of whom are Vietnamese—and a 40-strong IT and data team, CUB plans to grow its workforce by over 25% by 2026 to enhance local capabilities.
In social responsibility, CUBHCM continues its 17-year “Seedling Plan for Great Trees” program, providing nearly VND 13 billion in scholarships to over 22,000 deserving students, affirming its belief in education as the most valuable community investment.
To fulfill its long-term commitments, CUB is backed by the extensive resources and expertise of Cathay Financial Holdings (Cathay FHC). With over 60 years of experience and a growing Asian presence, Cathay FHC operates 969 branches across the region, managing over USD 400 billion in assets. As CUB enters its third decade in Vietnam, it remains committed to strengthening local presence, fostering regional connectivity, and leveraging Cathay FHC’s capabilities to deliver comprehensive cross-border financial solutions, striving to become “Asia’s Leading Regional Bank.”
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