The first foreign bank to build its headquarters in the financial center

UOB Vietnam Bank’s Grade A office building is expected to be completed in 2030.

Through locating its headquarters in the International Financial Center area in Ho Chi Minh City (VIFC-HCMC), UOB said it will continue to strengthen connections between Vietnam and capital flows, trade and investment in the region and globally.

According to UOB, the project demonstrates this bank’s long-term investment commitment in Vietnam and participates in the goal of developing an international financial center in Ho Chi Minh City.

UOB Plaza Ho Chi Minh City building is located on a land area of ​​more than 4,570 m2 at 2 Ton Duc Thang, Ba Son area. The building is 36 floors high, about 160 m high and will be UOB’s headquarters in Vietnam.

The project was designed by Gensler, complying with international class A standards and BCA Green Mark green building certification. According to UOB, the building is designed to suit Vietnam’s tropical climate, integrating energy saving solutions and meeting ESG standards.

Mr. Wee Ee Cheong, Vice President and General Director of UOB Group, said Vietnam is an important pillar in the strategy in the region. After UOB Plaza Ho Chi Minh City is completed, the bank will own a network of headquarters in all five key markets of ASEAN including Singapore, Malaysia, Indonesia, Thailand and Vietnam.

Speaking at the groundbreaking ceremony, Mr. Nguyen Cong Vinh, Vice Chairman of Ho Chi Minh City People’s Committee, assessed that the presence of UOB headquarters in the city will create a spillover effect, contributing to the formation of a more professional financial ecosystem with extensive international connections.

If transport, urban and cultural infrastructure projects create new driving forces for development space, Mr. Vinh said that financial projects, international financial institutions and modern financial products will create the “soft infrastructure” of the economy. According to Mr. Vinh, it is infrastructure for capital, payment, trade, risk management, data, human resources and ecosystem.

Vice Chairman of Ho Chi Minh City People’s Committee said that through the international financial center, the city hopes to more effectively connect regional and global capital flows with priority areas such as infrastructure, logistics, high-tech manufacturing, green transformation, innovation, digital finance, maritime finance, aviation finance and new economic sectors.