SBV Governor meets with General Director of UOB

Governor Nguyen Van Giau of the State Bank of Vietnam (SBV) had a meeting with Mr Thng Tien Tan, First Vice Chairman and General Director of the United Overseas Bank Group (UOB) of Singapore in Hanoi on March 26.

Governor Nguyen Van Giau highly apprecitated UOB’s contribution to the development of Vietnam’s economy in general and the banking and financial sector in particular.

For his part, Mr. Thng Tien Tat expressed his gratitude to the Vietnamese Government and the SBV for facilitating UOB’s operations in Vietnam. He expressed his bank’s wish to expand operations and further contribute to the development of Vietnam’s financial market in the coming time .

UOB is among the first foreign banks to open branch in Vietnam. Over the past 10 years, UOB has acted as a bridge between Singaporean investors and the Vienamese market. UOB branch is located in Ho Chi Minh City and owns a 15% stake of the Phuong Nam joint-stock commercial bank.

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