The State Bank of Vietnam (SBV) has issued Document No. 6388/NHNN-TTGSNH dated September 8, 2021 allowing the United Overseas Bank (Vietnam) Ltd. (UOB Vietnam) to increase its charter capital from VND 3,000 billion to VND 5,000 billion.
The United Overseas Bank (Vietnam) Ltd. is responsible for implementing the approved recapitalization in accordance with the applicable laws;
Within 15 days from the completion of the recapitalization, the United Overseas Bank (Vietnam) Ltd. is required to submit to the SBV all necessary documents for the revision of its charter capital in its License.
This Document shall be valid within 12 months from the date of its signing.
Le Hang