Deputy PM voices support for Lotte business expansion Business

Deputy PM voices support for Lotte business expansion

The Vietnamese Government is supportive of Lotte group’s expansion into business fields of strength, including consumer finance, Deputy Prime Minister Vuong Dinh Hue assured Chairman and CEO of the Republic of Korea (RoK)’s Lotte Card Kim Chang-kwon during a reception in Hanoi on September 6.
Banks eye consumer finance for bigger share Business

Banks eye consumer finance for bigger share

Several banks are keen to establish consumer finance arms to grab a bigger share of a market that is expected to reach 1,000 trillion VND (4.38 billion USD) by 2020 and grow at 29 percent annually.
Financial sector grabs foreign investors’ interest Business

Financial sector grabs foreign investors’ interest

Foreign investors have poured nearly 1.5 trillion USD in Vietnam’s finance, banking and insurance sectors as of the end of January, according to statistics from the Foreign Investment Agency under the Ministry of Planning and Investment.
Consumer finance lures foreign firms Business

Consumer finance lures foreign firms

Consumer finance is proving to be an attractive sector with the number of foreign companies rising through mergers and acquisitions, the news site cafef.vn reported.