On August 21, 2019 at the headquarters of the State Bank of Vietnam (SBV), Deputy Governor Doan Thai Son had a meeting with Mr. Wee Eee Cheong, Deputy Chairman and Chief Executive (CEO) of the United Overseas Bank (UOB).
Welcoming Mr. Wee Eee Cheong and other members of the Board of Management of the United Overseas Bank (Vietnam) Limited (UOB Vietnam) to visit and work with the SBV. Deputy Governor Doan Thai Son highly appreciated that UOB has introduced and supported many Singaporean companies to invest and develop in Vietnam. Moreover, the SBV Deputy Governor also congratulated UOB Vietnam on its inauguration of a new branch in Hanoi, and expressed his hope that the new branch in particular and UOB Vietnam in general would develop positively.
The SBV Deputy Governor later shared that, over the past time, the cooperative relations between Vietnam and Singapore has been developed strongly in various fields. Currently, Singapore is ranked third out of 130 countries, and first in ASEAN, with investment activities in Vietnam. The banking sector has also contributed significantly to supporting and promoting the bilateral trade and investment between the two countries. In Vietnam, there are currently six Singaporean banks, but among them, UOB Vietnam is the only wholly foreign-owned bank.
For his part, Mr. Wee Eee Cheong, UOB Deputy Chairman and CEO, thanked Deputy Governor Doan Thai Son for his hospitality and reported to the Deputy Governor on UOB’s strategies and development plans in Vietnam. He hoped that UOB Vietnam would further contribute to the diversification of the banking products and services, bringing more choices and benefits to customers and businesses, and thus contributing to the development of Vietnam's banking industry.
Le Hang