On November 28, 2023, the State Bank of Vietnam (SBV) issued Document No. 9150/NHNN-TTGSNH allowing the United Overseas Bank (Vietnam) Ltd. (UOB Vietnam) to increase its charter capital.
Accordingly, the SBV Governor has approved of the UOB Vietnam’s plan to increase its charter capital from VND 5,000 billion to VND 8,000 billion.
The United Overseas Bank (Vietnam) Ltd. is responsible for implementing the approved recapitalization plan in accordance with the applicable laws. Within 15 days from the completion of the recapitalization, the UOB Vietnam shall submit to the SBV all necessary documents for the revision of its charter capital in its License.
Le Hang