During his working visit to Singapore, Deputy Prime Minister Nguyen Hoa Binh visited UOB Group, engaging with business leaders and senior Singaporean officials to discuss the development of Vietnam’s International Financial Center (IFC).
At the meeting with UOB, Deputy Prime Minister Nguyen Hoa Binh discussed with UOB’s senior leadership the IFC development plans in Ho Chi Minh City and Da Nang. The conversation also focused on Singapore’s journey to becoming an IFC, Vietnam’s strategic vision for its IFC, policy priorities, and opportunities for international financial institutions to participate in and support Vietnam’s financial ecosystem development.
Deputy Prime Minister Nguyen Hoa Binh and Mr. Wee Ee Cheong, Deputy Chairman and CEO of UOB Group.
Speaking at the meeting, Mr. Wee Ee Cheong, Deputy Chairman and CEO of UOB Group, emphasized, “Vietnam is one of our key markets in the region, and we remain confident in its strong growth potential. As the first Singaporean bank to operate in Vietnam for over 30 years, UOB has developed a deep understanding of the local market and built robust capabilities.”
UOB’s leadership reaffirmed the bank’s long-term commitment, evidenced by sustained investments and continuous growth, including plans to construct a UOB headquarters building in Ho Chi Minh City’s IFC area, accommodating over 1,500 employees.
Additionally, UOB announced plans to increase its chartered capital to VND 10,000 billion, demonstrating its long-term commitment and confidence in Vietnam’s economic growth prospects and increasingly stable investment environment.
According to UOB’s leadership, this capital increase aims to strengthen financial capacity, expand operations, and enhance the provision of high-quality financial products and services to corporate and individual clients, particularly in trade finance, corporate banking, capital markets, and sustainable finance.
UOB plans to increase its chartered capital to VND 10,000 billion.
At the recent conference announcing Resolution No. 259/2025/QH15 of the National Assembly and promoting investment in Da Nang City in 2026, the Da Nang People’s Committee granted Letters of Interest to 11 organizations and Official Membership Certificates to the first 12 businesses of Da Nang IFC.
The 12 official members include MAKARA CAPITAL VIETNAM HOLDING, Bybit Technology Vietnam LLC, 9PAY, DA NANG FINTECH LAB, SIGLAW IFC, DTCPAY VN, PAYD, APEX VIETNAM IFC SERVICES, VALVERDE INVESTMENT PARTNERS, MISA Novafinx, VRC Solutions, and Remi tech.
The 11 Letters of Interest were awarded to Vietcombank, Vietinbank, NamAbank, Sovico Group, HDBank, Vikki Digital Bank, SBI Holdings Inc, FPT Corporation, AAA Private Aircraft Management Limited, Swift 24/7, and Galaxy Pay LLC.
Vietnam’s IFC was established under the National Assembly’s Resolution on June 27, 2025. On December 18, 2025, the Government issued Decree 323 on the establishment of the IFC. The center operates under a “one center, two destinations” model, located in Ho Chi Minh City and Da Nang.
First Foreign Bank Plans to Build Headquarters in Ho Chi Minh City’s International Financial Center
UOB is set to establish its bank headquarters in Ho Chi Minh City’s International Financial Center, housing 1,500 employees.
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Ho Chi Minh City Launches Four Infrastructure Projects Worth Nearly $10 Billion on January 15th
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Upcoming Launch of the Lien Chieu Container Port Project in Da Nang
On January 12th, the Da Nang City Priority Infrastructure Investment Project Management Board announced that the comprehensive construction project for the Lien Chieu Container Port is slated to commence on January 19, 2026.
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In the evolving landscape of modern condominium projects, 2-bedroom apartments are increasingly capturing the attention of buyers. Their intelligent design and versatile use of space make them a standout choice for those seeking both functionality and style.
