Deputy Prime Minister Nguyen Hoa Binh Meets UOB Vice Chairman – Photo: VGP/Nguyen Hoang
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On the morning of January 11th, Deputy Prime Minister Nguyen Hoa Binh held a working session with Mr. Wee Ee Cheong, Vice Chairman and CEO, along with the senior leadership of UOB Bank.
During the meeting, UOB Bank announced plans to increase its chartered capital to 10,000 billion VND and is currently constructing the UOB Plaza headquarters at the International Financial Center in Ho Chi Minh City. This underscores the bank’s strong confidence in Vietnam’s long-term economic growth prospects and its increasingly stable and transparent investment and financial environment.
UOB’s leadership stated that the capital increase aims to enhance financial capacity, expand operational scale, and strengthen the ability to provide high-quality financial products and services to both corporate and individual customers in Vietnam. This focus is particularly directed toward trade finance, corporate banking, capital markets, and sustainable finance.
Mr. Wee Ee Cheong emphasized that UOB continues to view Vietnam as a strategic market in Southeast Asia and is prepared to deepen its involvement in the development of Vietnam’s International Financial Center. UOB aims to serve not only as a capital provider but also as a strategic partner, sharing expertise in bank governance, risk management, capital market development, and international capital connectivity.
 Deputy Prime Minister Nguyen Hoa Binh Visits UOB Headquarters – Photo: VGP/Nguyen Hoang
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Deputy Prime Minister Nguyen Hoa Binh highly appreciated UOB’s presence and contributions in Vietnam over the years. He urged UOB to continue playing a pivotal role as a bridge between Vietnam’s financial market and Singapore and the region. This includes actively participating in key components of the International Financial Center, such as developing new financial products, green and sustainable finance, banking services for international investors and cross-border businesses, and attracting investors.
The Deputy Prime Minister stressed that the Vietnamese Government is committed to creating a stable and transparent legal environment, establishing special policies for the International Financial Center. This will facilitate reputable international financial institutions like UOB in expanding their operations, making long-term investments, and partnering with Vietnam in its new development phase.
– 20:38 12/01/2026
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