UOB: First Singapore Bank To Receive Preliminary Approval To Set Up A Foreign Owned Subsidiary Bank In Vietnam.

23 Mar 2017 14:50

United Overseas Bank Limited received preliminary approval from the State Bank of Vietnam to establish a foreign-owned subsidiary bank in Vietnam. UOB will be the first Singapore bank to be granted a foreign-owned subsidiary bank licence. The announcement was made by the State Bank of Vietnam during an official visit to the country by Singapore's Prime Minister, Mr Lee Hsien Loong...

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