Victor Ngo, Chief Executive Officer of UOB Vietnam, and Nguyễn Ngọc Tú, Director of the Hà Nội Department of Finance shake hands after signing the MoU. — Photo courtesy of UOB Vietnam.

HÀ NỘI — UOB Vietnam and the Hà Nội Department of Finance have signed a Memorandum of Understanding (MoU) to strengthen cooperation in attracting high-quality foreign direct investment (FDI) into the city and support domestic companies expanding into regional and international markets.

The agreement establishes a framework for promoting investment aligned with Hà Nội's development priorities, with a focus on projects in high technology, digitalisation, green growth, sustainability, new energy, semiconductors, finance, construction and infrastructure.

The MoU also aims to help Vietnamese enterprises integrate more deeply into global supply chains and expand their operations in Singapore and other overseas markets.

Under the agreement, the two sides will jointly organise investment promotion activities, including conferences, seminars and business matching programmes, to facilitate information sharing, strengthen links between investors and local businesses, and improve investor access to opportunities in Hà Nội.

The two parties also agreed to maintain regular engagement to support the implementation of the cooperation framework.

Victor Ngo, CEO of UOB Vietnam, said: “Việt Nam continues to stand out as one of the most attractive destinations for foreign direct investment.

"As the nation’s capital, Hà Nội is advancing a new growth model to develop into a leading centre for science and technology, innovation, digital capabilities and high value services in the next phase of its development." 

UOB is among the most active foreign banks supporting FDI into Việt Nam, particularly from Singapore, China and the wider ASEAN region. Since 2020, the bank's FDI Advisory Unit in Việt Nam has supported more than 400 companies with approximately S$9 billion in projected investments, helping to create over 60,000 job opportunities. — VNS