UOB Vietnam breaks ground on new headquarters building at Vietnam International Financial Center - Ho Chi Minh City

UOB Vietnam has commenced construction of its new headquarters building, UOB Plaza Ho Chi Minh City, becoming the first foreign bank to develop and own a purpose-built headquarters within the Vietnam International Financial Center - Ho Chi Minh City (VIFC HCMC).

The Grade A office tower, designed in line with international sustainability standards, is expected to be completed in 2030.

With a total investment of approximately $450 million, UOB Plaza HCMC reflects the Singaporean bank’s long-term commitment to Vietnam as a core market within its ASEAN strategy.

The development underscores UOB’s confidence in Vietnam’s long-term growth and reflects the bank’s support for Ho Chi Minh City’s ambition to become a leading international financial center, UOB stated in a release on Wednesday.

By establishing its Vietnam headquarters within the VIFC HCMC, UOB is strengthening its role in supporting Vietnam's growing connectivity with regional and global capital, trade and investment flows.

With the completion of UOB Plaza Ho Chi Minh City, UOB will establish its full headquarters footprint across its five core ASEAN markets – Singapore, Malaysia, Indonesia, Thailand and Vietnam. This reinforces UOB's unique position as a regional bank with deep local presence across ASEAN, enabling it to better support clients' cross-border ambitions.

Wee Ee Cheong, deputy chairman and CEO of UOB, said: "Vietnam is a key pillar of UOB's regional strategy. Our new headquarters reflects our confidence in Vietnam's future and our support for Ho Chi Minh City's ambition to become an international financial centre."

"Having our own headquarters buildings in all five of our key markets underscores our long-term commitment to the region, its businesses and communities. Through our extensive network, we are uniquely positioned to deepen connectivity across the region and create greater value for our 8.5 million customers," he added.

Located at 2 Ton Duc Thang street within the Ba Son precinct, UOB Plaza Ho Chi Minh City occupies a prime riverside site at the heart of the VIFC HCMC. Developed on a 4,571-square-meter site, the 36-storey tower will rise 160 meters above the Saigon River and serve as UOB's flagship headquarters in Vietnam.

Designed by leading global architecture and design firm Gensler, the project will be built to international Grade A standards with a commitment to achieving BCA Green Mark certification while supporting the functional needs of a modern financial institution within the city’s emerging financial center.

Envisioned as a future-ready workplace, UOB Plaza HCMC goes beyond the traditional office model. It is designed to support evolving workstyles through flexible layouts, collaborative shared spaces and greater access to natural light and greenery, fostering both innovation and employee well-being.