The #ASEAN region is a growing market and will play an increasingly important role in the global economy in the years ahead. ASEAN's markets are now more diversified, drawing more foreign direct investment (FDI) each year. In 2019, foreign direct investments into ASEAN grew by 5 per cent to a record level of US$156 billion.
The ASEAN region offers investors exciting opportunities.
Source: Macrobond, #UOB Global Economics and Markets Research, ADB Institute*
This reflects ASEAN's strong growth opportunities and its attractiveness. By 2030, the region's economy is expected to double to US$6.6 trillion from US$3 trillion in 2018. The young and growing middle class in its population of more than 650 million people is one of the world's fastest-growing consumer bases. Sixty per cent of them are under 35 years of age. ASEAN's fundamentals remain sound and strong.
*Note: 2030 forecasts for trade and FDI assume annual growth at half the growth pace in the last 20 years; Middle Income = daily expenditure of US$10 to US$100
United Overseas Bank Limited (UOB)
Since incorporation in 1935, UOB's global footprint has expanded through both organic growth and through a series of strategic acquisitions. Today, UOB has an unrivalled presence in Southeast Asia backed by a global network of more than 500 offices.
Having a diverse regional franchise enables us to serve customers ranging from consumers to large multinational corporates and to address the cross-border needs of companies doing business in this region.
UOB's established regional network includes wholly-owned banking subsidiaries in the key markets.
United Overseas Bank (China) Limited;
PT Bank UOB Indonesia;
United Overseas Bank (Malaysia) Bhd;
United Overseas Bank (Thai) Public Company Limited; and
United Overseas Bank (Vietnam) Limited
Our banking services are complemented by a suite of related products and services provided through our financial services subsidiaries.
UOB's awards and accolades across the region
World's Best Bank for SMEs 2021
Asia's Best Bank for SMEs 2021
Best Retail Bank in Singapore 2021
Best SME Bank in Singapore and Asia Pacific 2021
Domestic Retail Bank of the Year, Singapore 2021
International Retail Bank of the Year, Malaysia and Thailand 2021
Best Digital Bank, TMRW Thailand and Indonesia 2021
If you would like to apply for a corporate account with UOB, send an email to info@rbcs.com.hk
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