economy on track to end year on upbeat note uob

Economy on track to end year on upbeat note: UOB

UOB (United Overseas Bank) maintains Vietnam’s full year growth forecast at 6.4 per cent, which implies 5.2 per cent on year in the fourth quarter.
vietnamese consumer sentiment outperforms regional averages

Vietnamese consumer sentiment outperforms regional averages

Vietnamese consumers are sharing positive sentiments about their country's current and future economic environment, which are higher than the regional average, according to the ASEAN Consumer Sentiment Study – Vietnam report released by UOB on November 7.
uob announces collaborations with institutes of higher learning and industry partners at better u to drive job transformation

UOB announces collaborations with Institutes of Higher Learning and industry partners at Better U to drive job transformation

UOB is partnering with Institutes of Higher Learning (IHLs) and industry partners to launch an industry-first comprehensive structured 12-month programme with customised learning paths and coaching to support colleagues' transition into new roles within the Bank.
assessing vietnams investment appeal through expert eyes

Assessing Vietnam’s investment appeal through expert eyes

Jimmy Koh, head of network partnerships and strategic marketing, foreign direct investment advisory at UOB, delves into Vietnam's appeal to foreign investments, how UOB supports foreign direct investment (FDI) business expansion and go-green efforts, and the country's FDI prospects for the rest of 2024.
a good strong start to feds rate cut cycle

'A good strong start' to Fed’s rate cut cycle

The bumper 50 basis points (bps) interest rate cut announced by the US Federal Reserve at its September meeting may increase the likelihood and pressures of the State Bank of Vietnam (SBV) considering similar policy easing.
uob forecasts vietnams economic growth to continue boosted by trade and fdi

UOB forecasts Vietnam's economic growth to continue, boosted by trade and FDI

Vietnam's economy is expected to maintain strong growth throughout 2024, supported by rising trade activity and increasing foreign direct investment, while favourable demographics and solid macroeconomic fundamentals underpin its long-term prospects in ASEAN, according to UOB.
driving aseans supply chains through connectivity

Driving ASEAN’s supply chains through connectivity

The ASEAN region’s supply chains are being driven through both connectivity and sustainability. Leong Yung Chee, head of Group Corporate Banking at UOB, gave VIR’s Hanh Vy his insights on capturing connectivity flows and the various opportunities available in fast-growing trade corridors in Vietnam.
uob becomes bank of choice for aspiring asean consumers

UOB becomes bank of choice for aspiring ASEAN consumers

United Overseas Bank (UOB), Southeast Asia’s third-largest bank by assets, is tapping into megatrends in the region to drive its growth, positioning itself on capturing the rising ASEAN consumer spend and cross-border payments.
vietnamese businesses express interest in venturing overseas

Vietnamese businesses express interest in venturing overseas

Southeast Asia is the top destination for businesses in Vietnam looking to expand overseas in the next three years, according to the UOB Business Outlook Study 2024 released on July 16.
steady ship anticipated for monetary policy to 2025

Steady ship anticipated for monetary policy to 2025

Despite an uncertain global economic environment, Vietnam’s overall macroeconomic situation is forecast to remain stable in the second half of 2024. Suan Teck Kin, head of research at UOB, shared with VIR’s Thuy Van the outlook of Vietnam’s economy and how the country positions itself to capitalise on opportunities for economic growth and investment.
economic recovery momentum continues into second quarter

Economic recovery momentum continues into second quarter

UOB (United Overseas Bank) expects GDP growth to pick up to 6 per cent in the second quarter of 2024, extending the 5.66 per cent gain seen in the first quarter, and has maintained its growth forecast for Vietnam at 6 per cent for 2024.
vietnamese economy fared well in q1 despite external risks

Vietnamese economy fared well in Q1 despite external risks

The global economy is facing several headwinds, including the slowdown in China and the Eurozone as well as the US Fed's possible delay of interest rate cuts. In this context, ASEAN may be a global safe haven for economic growth. Abel Lim, head of Wealth Management Advisory and Strategy at UOB, discussed with VIR's Thanh Van the outlook of the global economic condition and its impact on Vietnam.
uob usd likely to weaken against the vnd

UOB: USD likely to weaken against the VND

The latest Global FX and Rate Outlook from UOB Global Economics and Markets Research dated May 3 expects the USD to weaken from the third quarter of 2024. This comes after the latest Federal Open Market Committee, held April 30–May 1, and its statement conceding a lack of progress towards the 2 per cent inflation objective since the start of the year.
uob vietnam partners with betrimex on sustainability

UOB Vietnam partners with Betrimex on sustainability

On April 12, United Overseas Bank (Vietnam) Limited (UOB Vietnam) signed a green trade finance facility agreement with Ben Tre Import Export Joint-Stock Corporation (Betrimex) on sustainable coconut production.
development highlights in q1 through experts lenses

Development highlights in Q1 through expert’s lenses

Suan Teck Kin, executive director of global economics and market research at United Overseas Bank (UOB), talked to VIR’s Hong Dung about Vietnam’s development landscape in Q1 and forex prospects for 2024.