UOB

Update news UOB

Vietnam named second in ASEAN in fintech funding in 2019

Vietnam’s fintech firms secured two of the top three largest funding deals in ASEAN in 2019.

Vietnam may open doors to rescue small banks

 VietNamNet Bridge – If UOB pours money into GP Bank, this would mean that the government of Vietnam implicitly keep the banks’ doors open to foreign investors who are believed to help deal with weak banks.

Vietnam considers selling a bank to foreigners

 VietNamNet Bridge – Eight out of the nine weak banks have finished the restructuring process, while the ninth one may be sold to foreign investors. There is no precedent for such a move in Vietnam.