On May 9th 2018, the State Bank of Vietnam (SBV) issued Decision 927/QD-NHNN on supplementing “Debt purchase” to the License of Establishment and Operation of the bank with 100 percent foreign owned capital United Overseas Bank (Vietnam)
Specifically, SBV’s Governor approved to supplement “Clause 17. Debt purchase” to Article 4 of UOB’s License. The bank officially received the license to establish a subsidiary bank in Vietnam on September 21st 2017.
UOB is one of the major banks in Asia with the headquarter based in Singapore and a global network of more than 500 branches and offices in 19 countries and territories. UOB Vietnam is the 9th bank with 100 percent foreign owned capital in Vietnam. After more than half a year of being licensed, the operation of UOB Vietnam has just mainly focused on organisation and personnel preparation. Some recruiting newsletters of UOB have been published in the recent time.
