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Search Results: 63 results for keyword "UOB".
UOB trim GDP growth forecast for Vietnam
31-03-2023 17:51
The strong rebound seen in 2022 is unlikely to be sustainable, with overall growth momentum likely to moderate further in 2023. As a result, UOB has lowered Vietnam’s full-year GDP growth forecast for 2023 to 6 per cent from an earlier call of 6.6 per cent.
Foreign investors expand consumer finance business in Vietnam
28-03-2023 10:29
Large foreign financial groups have actively penetrated the Vietnamese consumer finance market, which has significantly helped accelerate the digitalisation of the country’s financial services.
Citi completes sale of Vietnam consumer banking business
01-03-2023 09:30
Citi has announced it has completed the sale of Citi’s Vietnam retail banking and consumer credit card businesses to United Overseas Bank Limited (UOB), which includes the transfer of approximately 575 staff.
Potential for 6.6 per cent GDP growth in 2023
04-01-2023 18:05
Overall growth momentum is likely to moderate further this year, as policy tightening from major central banks weighs on external demand. With that, UOB has kept its 2023 GDP growth forecast at 6.6 per cent.
Upgrading Vietnam's GDP forecast for 2022 to 8.2 per cent
05-10-2022 16:26
Against fluctuations in the global political and economic situation that may affect monetary policies and foreign trade in Vietnam, UOB still raised the full-year GDP growth forecast for Vietnam to 8.2 per cent.
GDP growth surge coupled with rising indicators in all sectors
05-10-2022 15:42
The double-digit surge in GDP growth in the three quarters of the year reaffirms the steady recovery of Vietnam's economic development.
Green finance for a sustainable future
22-07-2022 12:21
Sustainability is no longer just desirable, there is mounting pressure for businesses and individuals to play their part in addressing the climate crisis.
Vietnam steady but external risks weigh
22-06-2022 17:40
A new UOB outlook expects continuing growth of Vietnam in the time coming, despite some risks of inflation and further weakness of the VND.
ASEAN remains long-term investment destination: expert
09-06-2022 19:42
With its young population that promises a vibrant economy, the Association of Southeast Asian Nations (ASEAN) will continue to be a supportive and attractive investment destination in the long term, UOB Asset Management Malaysia Chief Executive Officer Lim Suet Ling has said.
MPI recognises UOB for supporting companies to invest nearly $3.7 billion
28-02-2022 14:29
The award was presented by the Ministry of Planning and Investment (MPI) to UOB on February 26 in recognition of the bank’s continued efforts in facilitating foreign direct investment (FDI) flows into Vietnam and supporting companies in the country. UOB is the first Singaporean bank to receive the award.
Citi agrees to sell consumer segment in the region to UOB Group
14-01-2022 11:46
The transaction includes Citi's retail banking and credit card businesses but excludes the bank’s institutional businesses in four countries. Citi remains committed and focused on serving institutional clients in these countries locally, regionally, and globally.
IHS Markit: Vietnamese economy getting back to speed
20-12-2021 07:47
After suffering from an unprecedented contraction in headline GDP growth in the third quarter of the year, as a result of the nationwide lockdowns and mobility restrictions in response to the fourth wave of COVID-19 infections, business activities have gradually resumed to normalcy since early October in Vietnam.
Vietnam takes third spot in ASEAN fintech funding
12-11-2021 11:30
Fintech funding in ASEAN more than tripled in the first nine months of 2021 against full-year 2020 to a historic high of $3.5 billion, with Vietnam attracting two of the 13 largest funding rounds.
UOB: Vietnam experiences major setback in Q3 before rebound in Q4
02-10-2021 13:44
UOB has reported a record decline in the third quarter of 2021 in Vietnam as a consequence of strict social distancing measures, particularly in the south. However, the increasing vaccination rate could help Vietnam's headline GDP growth to rebound to 7 per cent in Q4, which will translate to a 3 per cent increase for 2021.
UOB reaffirms long-term commitment to Vietnam with fresh capital injection
21-09-2021 16:35
UOB is reaffirming its long-term commitment to contributing to Vietnam’s economic growth and deepening its support of customers by increasing its charter capital from VND3 trillion to VND5 trillion ($130.43-217.4 million).
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