09-02-2022 09:48
The Vietnam Export Import Commercial Joint Stock Bank (Eximbank) will terminate its partnership with Japanese Sumitomo Mitsui Banking Corporation (SMBC) as from February 7, according to a resolution of the bank's board of directors.
28-12-2021 10:44
Faced with bleak domestic growth prospects, Japan's Sumitomo Mitsui Financial Group (SMFG) is expanding its international footprint, including its presence in Vietnam.
29-10-2021 11:00
VPBank announced the completion of a 49 per cent stake sale of its consumer finance arm FE Credit by SMBC Consumer Finance Co., Ltd. (SMBCCF), a wholly-owned subsidiary of Japan’s Sumitomo Mitsui Financial Group Inc. (SMBC Group).
07-07-2021 15:13
Given their financially sound cornerstone and professional know-how, Japanese megabanks are actively exploring sensible bolt-on opportunities of banks in Southeast Asia, including Vietnam, as a critical part of their international market expansion.
25-05-2021 21:27
The mega-deal between Sumitomo Mitsui Financial Group and FE Credit is expected to rewrite the consumer finance landscape in Vietnam. Masataka “Sam” Yoshida, head of the Cross-border Division of RECOF Corporation and CEO of RECOF Vietnam Co., Ltd., talked with VIR’s Luu Bui about the appetite of Japanese investors for the market.
25-05-2021 21:26
International expertise and solid financial support are vaulting some consumer finance companies in Vietnam ahead of their peers, and also presenting opportunities for both sides to deploy excess capital and diversify their business.
07-05-2021 16:43
Despite a year-on-year slip in foreign direct investment (FDI) to Vietnam in the first four months of the year, foreign investors still signed major deals in the country and confirmed its ongoing investment appeal.
04-05-2021 11:23
Although the pandemic is still taking a serious toll on the economy, foreign investors are banking on cross-border mergers and acquisitions in the financial industry, especially in consumer finance and retail banking, illustrating the urgency to acquire new capabilities.
29-04-2021 15:28
Japanese mega financial institution Sumitomo Mitsui Financial Group (SMFG) has just acquired 49 per cent stake in Vietnam's largest consumer finance company FE Credit.
22-12-2020 16:02
Sumitomo Mitsui Financial Group is allegedly going to acquire Asian banks in Vietnam, the Philippines, or India.
02-08-2020 21:07
Southeast Asian startups, especially e-commerce and fintech companies, have witnessed a significant increase in their investment attraction between April and June with the global public health challenge continuing to exert pressure on the whole economy.
15-07-2020 20:54
Mitsui Banking Corporation – the foreign strategic partner holding 15 per cent stakes – has just requested Eximbank to convene the second extraordinary general shareholders' meeting 2019 before the second annual general meeting 2020 scheduled for July 29.
21-04-2020 11:29
Sumitomo Mitsui Financial Group (SMFG) – one of the largest Japanese megabanks – announced that it would halt lending to new coal-fired power plants from May 1, 2020.
01-04-2020 10:27
Ascendas Funds Management Limited, which manages Ascendas Real Estate Investment Trust (Ascendas Reit), on March 31, 2020 announced that Ascendas Reit has acquired a 25 per cent equity stake in the holding entity for Galaxis for SGD102.91 million ($72.29 million) from MBK Real Estate Asia Pte., Ltd., a wholly-owned subsidiary of Mitsui & Co., Ltd.
07-08-2019 17:27
On August 6, Mitsui's acquisition of a 35.1 per cent stake in Minh Phu Seafood JSC was honoured at the Vietnam M&A Forum 2019 among the 10 most notable M&A deals. Le Van Quang, president cum general director of Minh Phu, said that co-operation with Mitsui will afford Minh Phu the opportunity to become a large corporation capable of affecting the global shrimp industry.