Thai firm to acquire Agribank subsidiary Business

Thai firm to acquire Agribank subsidiary

Thai financial firm Srisawad Corporation is looking to acquire the Finance Leasing Company I (ALC I) of the Vietnam Bank for Agriculture and Rural Development (Agribank) at an estimated cost of 523 billion VND (22.45 million USD).
Trade ministry to inspect major firms Business

Trade ministry to inspect major firms

The Ministry of Industry and Trade (MoIT) will conduct annual inspections on a number of State and private businesses in different sectors, including those involved in petroleum, telecommunications, pharmaceuticals and multi-level marketing.
FE CREDIT wins three prizes at CEPI Asia Awards Business

FE CREDIT wins three prizes at CEPI Asia Awards

VP Bank Finance Company Limited (FE CREDIT), one of the largest credit card issuers in Vietnam, scored a hat-trick of gongs at the 5th Annual Cards and Electronic Payments International (CEPI) Asia Awards 2018.
Finance companies slow credit growth Business

Finance companies slow credit growth

Consumer finance companies have been cutting credit growth to focus more on tightening internal governance and selecting solvent customers to target a safer and healthier development.
Consumer finance arms race Business

Consumer finance arms race

Consumer finance companies are offering various promotions to customers, aiming to enlarge their share in an increasingly competitive market.
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.
VNPT transfers finance subsidiary to SeABank Business

VNPT transfers finance subsidiary to SeABank

The Southeast Asia Commercial Joint Stock Bank (SeABank) and the Vietnam Post and Telecommunication (VNPT) have signed the minutes to transfer VNPT finance subsidiary Post and Telecommunication Finance Company Ltd (PTF) to SeABank in the form of transferring the contributed capital.
Home Credit gets Moody’s B3 credit rating Business

Home Credit gets Moody’s B3 credit rating

Moody’s Investors Service has assigned a B3, or stable, credit rating to Home Credit Vietnam Finance Company Limited, making it the first consumer finance company in Vietnam to get the rating. ​
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.
Banks help low-income earners Business

Banks help low-income earners

Commercial banks and financial companies are competing fiercely for a slice of the profitable personal-loan market as demand often rises sharply at the end of the Lunar New Year.
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.