越南国际金融中心是根据2025年6月27日国会决议成立的；12月18日，政府颁布了关于设立越南国 际金融中心的第323号法令。该中心采用"一中心两地"模式运营，分别位于胡志明市和岘港。此前，胡 志明市已与50多家投资机构和创始合作伙伴进行磋商，遴选潜在投资者参与国际金融中心初期建设。在 12月底的会议上，胡志明市宣布多家银行和金融机构将参与该中心建设，其中包括越南商业银行（MB Bank）、越南外贸银行（Vietcombank）和越南工商银行（VietinBank）。近期，岘港国际金融中心向包 括越南外贸银行和越南工商银行在内的五家银行发出了意向书。 （原标题：新加坡大华银行将成为第一家进驻越南国际金融中心的外资银行） 《越南快讯》1月13日报道，新加坡大华银行（UOB）即将开始在胡志明市国际金融区建设其总部 大楼，成为第一家进入越南国际金融中心的外资银行。未来，大华银行拟将注册资本增至10万亿越南盾 （约30亿人民币），旨在增强财务能力、扩大业务，并提高向越南客户提供高质量金融产品和服务的能 力。 ...

Group 1 - The core viewpoint of the report is that Singapore's UOB has raised Vietnam's GDP growth forecast for 2026 from 7.0% to 7.5% due to strong economic performance [1] - Vietnam's economy continued to show robust growth in Q4 2025, with actual GDP growing by 8.46% year-on-year, surpassing both the previous quarter's growth of 8.25% and market expectations, marking the highest quarterly growth since 2009, excluding pandemic-related anomalies [1] - Exports and manufacturing are identified as the main drivers of economic growth, with Q4 2025 exports achieving a 19% year-on-year increase and an annual export growth rate of 17%, demonstrating strong export competitiveness [1] - The manufacturing sector also saw a significant increase, with a year-on-year growth of 11.3% in Q4, contributing to an overall manufacturing value-added growth rate of 10.5% for the year [1] Group 2 - The report warns of potential risks to Vietnam's future economic growth, including uncertainties in external demand due to its highly open economy, where exports account for 83% of GDP, and the ongoing uncertainty of U.S. trade policies [2] - Inflationary pressures are highlighted, with an average Consumer Price Index (CPI) increase of 3.2% in 2025, driven mainly by rising service prices, particularly in healthcare and education [2] - The Vietnamese dong depreciated by 3.1% against the U.S. dollar, leading to imported inflation pressures [2] - The report indicates that the State Bank of Vietnam is expected to maintain the refinancing rate at 4.5% throughout 2026 to ensure macroeconomic stability and manage inflation expectations [2]

Group 1 - The core viewpoint of the report is that rising global geopolitical risks have increased the demand for safe-haven hedging tools, with gold being identified as the de facto global safe-haven asset [1] - Following events related to Venezuela, gold prices surged by $150 per ounce, indicating heightened volatility in high price ranges [1] - The bank has revised its gold price forecasts upward, projecting prices of $4,400 per ounce in Q1, $4,600 in Q2, $4,800 in Q3, and $5,000 in Q4, all higher than previous estimates [1][1][1]

Core Viewpoint - UOB has raised Vietnam's GDP growth forecast for 2025 to 7.7% due to strong export performance, resilient manufacturing activity, and continued foreign investment [1] Economic Growth Forecast - UOB predicts Vietnam's economic growth rate for Q4 to be 7.2% [1] - Vietnam's actual GDP grew by 7.85% in the first three quarters [1] - The economic outlook for 2026 remains optimistic, although growth is expected to slightly slow to 7% due to base effects and previous growth deceleration [1] Influencing Factors - The country continues to face adverse impacts from changing US trade and tariff policies, yet maintains strong performance thanks to resilient exports and industrial production [1]

Core Insights - The latest CPI and GDP data from the Philippines indicate room for monetary easing [1] - Both overall and core inflation rates have cooled down, with overall inflation remaining below the central bank's target for nine consecutive months [1] - Economic growth in the third quarter has slowed to its lowest level in over four years [1] - The Governor of the Central Bank of the Philippines, Eli Remolona, has suggested that the slowing growth outlook increases the likelihood of a rate cut in the upcoming meeting [1] - The bank expects the central bank to implement a final rate cut of 25 basis points in the first quarter of the following year to boost domestic growth momentum [1]

Core Insights - The report by UOB highlights that despite short-term challenges from US trade policies, ASEAN's medium to long-term trade and investment outlook remains strong due to enhanced cross-border policy coordination, deepening regional integration, and supply chain diversification [1][2]. Investment Outlook - ASEAN's annual foreign direct investment (FDI) inflow is projected to increase from $225 billion in 2024 to approximately $370 billion by 2030, with total trade volume expected to rise from $3.8 trillion to $5.3 trillion during the same period [1]. - In the first half of 2025, FDI inflows to ASEAN are expected to remain resilient, with a 10.2% year-on-year increase in the balance of payments (BOP) FDI liabilities for the five ASEAN countries (Indonesia, Malaysia, Singapore, Thailand, and Vietnam), driven mainly by strong investments in Singapore and Thailand [1]. Trade Performance - In the first nine months of 2025, trade among six ASEAN countries (Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam) is expected to grow by 11.5% year-on-year, surpassing the 8.0% growth rate for the entire year of 2024, largely due to preemptive shipping activities in anticipation of US tariffs and increased AI-related capital expenditures boosting electronics trade in Singapore and Malaysia [2]. - However, trade growth may slow in 2026 due to the effects of delayed US tariffs and the "payback" effect following the preemptive shipments [2]. Key Drivers of Long-term Growth - Strengthened cross-border policy coordination, exemplified by the Johor-Singapore Economic Zone (JS-SEZ) attracting $8.8 billion in approved investments in the first half of 2025 [2]. - Deepening regional integration through recent agreements such as the upgraded ASEAN Trade in Goods Agreement (ATIGA) and the 3.0 version of the ASEAN-China Free Trade Area (ACFTA), aimed at enhancing customs efficiency and expanding cooperation in digital and green economies [2]. - A large and growing consumer base in Southeast Asia, with nearly 700 million people and a relatively young demographic, making ASEAN an attractive investment destination [3]. Economic Projections - By 2030, ASEAN's nominal GDP is expected to expand to nearly $5.8 trillion, a 40% increase from $4.2 trillion in 2025, with per capita income projected to rise from $6,000 to $8,000 [5]. - FDI inflows are anticipated to exceed $560 billion by 2035, while total trade volume is expected to surpass $7 trillion by the same year [5]. - The average growth rate for the six ASEAN countries is projected at 4.6% in 2025, slowing to 4.2% in 2026 due to trade uncertainties, but expected to recover to an average of around 4.6% from 2027 to 2030 [5].

Core Insights - The report from UOB highlights the temporary end of the U.S. government shutdown, which lasted for 43 days, but warns of significant risks of another shutdown due to the temporary funding bill lasting only until January 30, 2026 [1][2] - The shutdown has caused delays in economic recovery and may result in the permanent loss of key economic data, impacting policymakers' ability to make informed decisions [1][2] Economic Impact - The report indicates that the resumption of government services will not be immediate, with programs like the federal food stamp assistance for 42 million Americans taking up to a week to fully restore [2] - The Federal Aviation Administration (FAA) has also imposed flight restrictions due to staff shortages caused by the shutdown, which are expected to take a week to lift [2] GDP Forecast Adjustments - UOB has revised its U.S. GDP growth forecasts, lowering the 2025 growth estimate from 1.7% to 1.5% due to the impact of the shutdown, while increasing the 2026 forecast from 1.5% to 1.7% based on expected recovery [2] Risks Ahead - The primary risk for the 2026 forecast is the potential for another prolonged government shutdown after January 30, which could adversely affect sectors like aviation [3]

Core Viewpoint - CGS International maintains a "Hold" rating on UOB but lowers the target price from SGD 38.30 to SGD 36.50 due to concerns over the bank's earnings recovery following a significant one-time provision in Q3 2025 to address risks in the US and Greater China commercial real estate sectors [1][2]. Group 1: Financial Performance - UOB recorded a special provision of SGD 479 million in Q3 2025, with credit costs reaching 55 basis points, significantly higher than the bank's previous guidance of 25-30 basis points for the fiscal year [1]. - The increase in provisions is attributed to declining transaction valuations in the US and Greater China commercial real estate markets, necessitating write-downs on loan book asset values [1]. - UOB decided to recognize an additional general provision of SGD 615 million, bringing the total general provision for Q3 to SGD 687 million [1]. Group 2: Earnings Forecast - CGS International has significantly reduced UOB's earnings per share (EPS) forecasts, cutting the 2025 fiscal year EPS estimate by 18.8%, and lowering the 2026 and 2027 fiscal year EPS estimates by 13.1% and 10.4%, respectively [2]. - Despite UOB management's positive signals regarding credit costs normalizing in Q4 and FY 2026, market concerns about high credit costs are expected to persist in the short term [2].

Core Insights - The company is conducting a media briefing to present its third quarter 2025 results, indicating a structured approach to communicate financial performance and operational insights [1]. Group 1: Leadership Overview - The Deputy Chairman and Group CEO, Mr. Wee Cheong, will provide a broad overview of the company's franchise performance and the operating landscape [1]. - Following Mr. Wee's presentation, the Group CFO, Mr. Leong Yung-Chee, will delve into detailed financials and business performance [1]. Group 2: Media Interaction - After the presentations, there will be a Q&A session with the media, suggesting an emphasis on transparency and engagement with stakeholders [1].

Group 1 - The article does not provide any specific content or key points related to a company or industry [1]