Question 1

What is UOB Vietnam?

Accepted Answer

UOB Vietnam is a wholly-owned subsidiary of United Overseas Bank Limited, one of Singapore's three largest banks and the third largest bank in Southeast Asia by total assets. Operating as a foreign-owned subsidiary bank in Vietnam, UOB Vietnam serves both Vietnamese consumers and businesses, as well as international clients with investment interests in the country.

The bank offers a comprehensive range of personal and institutional financial services, backed by the seamless connectivity of UOB's extensive regional network spanning 19 countries across Asia Pacific, Europe and North America.

Question 2

When was UOB Vietnam founded?

Accepted Answer

UOB first established its presence in Vietnam in 1993 with the opening of a representative office in Ho Chi Minh City, making it the first Singapore bank to set up operations in the country. The bank operated as a branch from 1995 until it became a fully incorporated subsidiary.

On 6 August 2018, UOB officially incorporated United Overseas Bank (Vietnam) Limited as its wholly-owned subsidiary, making it the first Singapore bank to establish a foreign-owned subsidiary bank (FOSB) in Vietnam. This milestone followed the receipt of an in-principle FOSB licence from the State Bank of Vietnam on 20 July 2017.

Question 3

Where is UOB Vietnam headquartered?

Accepted Answer

UOB Vietnam is headquartered in Ho Chi Minh City, with its main office located at the Central Plaza Building on Lê Duẩn Boulevard in District 1. The bank has announced plans to construct a new headquarters building called UOB Vietnam Plaza at the Ba Son Complex in District 1, near the Marina Central Tower and Ba Son station.

Additionally, UOB Vietnam maintains offices at Horison Tower on Cat Linh Street in Hanoi's Dong Da District.

Question 4

Where does UOB Vietnam operate?

Accepted Answer

UOB Vietnam operates primarily in Vietnam's two major commercial centers: Ho Chi Minh City and Hanoi. The bank expanded into northern Vietnam with a branch in Hanoi in 2019.

Following the completion of the acquisition of Citibank Vietnam's consumer banking business in March 2023, UOB Vietnam now operates five branches across the country—three in Ho Chi Minh City and two in Hanoi. The bank serves customers throughout Vietnam through its branch network, digital banking platforms, and regional connectivity.

Question 5

What services does UOB Vietnam offer?

Accepted Answer

UOB Vietnam provides a comprehensive suite of personal financial services including deposit accounts, credit cards, personal loans, wealth management, privilege banking, and bancassurance products. The bank offers secured and unsecured lending solutions, unit trusts, and specialized services for middle-income to affluent and high-net-worth customers.

For institutional clients, the bank delivers commercial banking solutions including business lending, trade finance, cash management, treasury services, foreign exchange transactions, and project financing. UOB Vietnam also provides digital banking platforms such as UOB Infinity for business customers and mobile banking services for retail consumers.

The bank operates a foreign direct investment advisory unit established in 2013 to support regional clients investing in Vietnam.

Question 6

What makes UOB Vietnam unique?

Accepted Answer

UOB Vietnam distinguishes itself as the first Singapore bank to establish both a representative office (1993) and a wholly-owned subsidiary (2018) in Vietnam. The bank's strategic acquisition of Citibank Vietnam's consumer banking business in March 2023, which included approximately 575 staff members, significantly expanded its retail presence and customer base by approximately 200,000 customers.

The bank benefits from UOB Group's strong credit ratings (Aa1 by Moody's, AA- by S&P Global and Fitch Ratings) and extensive regional network of over 500 offices. In 2021, UOB Vietnam strengthened its financial capabilities with a capital injection that increased its charter capital to VND 5 trillion, and in 2025 announced plans for a further increase to VND 10 trillion (approximately $385 million).

UOB Vietnam's focus on ASEAN connectivity allows it to seamlessly connect Vietnamese businesses to regional opportunities and support foreign investors entering the Vietnamese market through its specialized advisory services.

Question 7

What type of financial institution is UOB Vietnam?

Accepted Answer

UOB Vietnam operates as a Ngân Hàng Liên Doanh (wholly-owned subsidiary bank) with a foreign-owned subsidiary bank (FOSB) licence granted by the State Bank of Vietnam. This classification makes it a commercial bank providing universal banking services encompassing both retail and corporate banking operations.

As a foreign-owned subsidiary rather than a branch, UOB Vietnam has greater operational flexibility and can expand its branch network throughout Vietnam, offering comprehensive banking services to both Vietnamese nationals and foreign customers operating in the country.

UOB Vietnam

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About UOB Vietnam in Vietnam