UOB(US:UOVEY) Shang Wu Bu Wang Zhan·2026-01-14 16:54Core Viewpoint - UOB will become the first foreign bank to establish a presence in Vietnam's International Financial Center, enhancing its financial capacity and service offerings in the region [1] Group 1: Company Developments - UOB plans to construct its headquarters in Ho Chi Minh City's International Financial Center, with a registered capital increase to 100 trillion VND (approximately 30 billion RMB) [1] - The move aims to strengthen UOB's financial capabilities and expand its business in Vietnam [1] Group 2: Industry Context - The Vietnam International Financial Center was established based on a National Assembly resolution dated June 27, 2025, and is governed by Decree No. 323 issued by the government on December 18 [1] - The center operates under a "one center, two locations" model, situated in Ho Chi Minh City and Da Nang [1] - Ho Chi Minh City has engaged with over 50 investment institutions and founding partners to select potential investors for the initial construction of the International Financial Center [1] - Several banks and financial institutions, including MB Bank, Vietcombank, and VietinBank, are set to participate in the center's development [1]