The partnership builds on prior collaboration, with UOB Vietnam previously funding NAVICO’s installation of rooftop solar power systems at its aquaculture facilities.

The UOB Painting of the Year, the longest-running annual art competition in Singapore and one of the most recognised in Southeast Asia, launched its 2nd edition for the artist community in Vietnam on May 7.

The likelihood of a soft landing of the US economy and the possibility that the Federal Reserve (Fed) will begin cutting interest rates which may drive the USD downward in 2024 will ease the inflationary pressure on the Vietnamese economy, according to experts.

Mobile banking apps, e-wallets, QR code-based payments, e-commerce payment platforms and mobile wallet debit or credit cards are the preferred payment methods among Vietnamese consumers, the United Overseas Bank (UOB) said in its report “ASEAN Consumer Sentiment Study" (ACSS) which was released on November 1.