SHB Finance announces changes in management team

SHB Finance announces changes in management team

Dinh Quang Huy will resign from the position of CEO and board member of SHB Consumer Finance to pursue personal plans.
FE Credit experiences 16.3 per cent drop in pre-tax profit as NPLs increase in 2020

FE Credit experiences 16.3 per cent drop in pre-tax profit as NPLs increase in 2020

Due to the COVID-19 pandemic, FE Credit reported a decrease in its pre-tax profit while its non-performing loans increased to 6.6 per cent in 2020.
Promoting consumer finance to fight black credit: experts

Promoting consumer finance to fight black credit: experts

Promoting consumer finance and simplifying procedures for loan applications would be a priority for commercial banks, financial companies and microfinance institutions as part of efforts to limit black credit, a conference heard in Ho Chi Minh City on January 20.
Diversifying local consumer finance

Diversifying local consumer finance

Consumer finance companies in Vietnam are seeking new approaches to diversify their funding sources and their indirect loan portfolios, as well as lower credit and liquidity risks despite the lingering pandemic and tightening regulations.
Credit Saison to expand footprint in Southeast Asia

Credit Saison to expand footprint in Southeast Asia

Leading Japanese credit card company Credit Saisonis showing its commitment in the Southeast Asian market, which will benefit Vietnam and Indonesia.
FE Credit could file for IPO in third quarter next year

FE Credit could file for IPO in third quarter next year

FE Credit, the biggest consumer finance player in Vietnam and a subsidiary of VPBank, is allegedly preparing for its IPO in the third quarter of 2021.
HDBank first-half business results showing growth exceeding expectations

HDBank first-half business results showing growth exceeding expectations

HDBank has announced its reviewed interim financial statement for the first half with one of the lowest separate non-performing loan ratios in the industry.
HD Saison may be setting up for IPO

HD Saison may be setting up for IPO

HD Bank revealed ambitions to convert HD Saison into a JSC in a move generally seen as laying down the groundworks for an IPO.
Lively evolution continues through foreign consumer finance presence

Lively evolution continues through foreign consumer finance presence

Despite some legal concerns, international firms are ramping up their presence to reap the benefits from Vietnam’s consumer finance sector.
From retail to finance, Vietnam all set to rebound with poise

From retail to finance, Vietnam all set to rebound with poise

Vietnam’s early efforts to weather the COVID-19 storm have helped its economy to reopen much sooner than others, with many sectors that have suffered badly from the outbreak – from retail to finance –now recovering with poise.    
Protecting investors at head of consumer finance concern

Protecting investors at head of consumer finance concern

With the rising market competition continuing to exert pressure on consumer finance’s profitability in Vietnam, industry insiders have urged local authorities to develop a legal framework to avoid fraud and monetary crimes, and protect investors.
VIR seminar: Restarting the economy to stimulate demand on consumer finance

VIR seminar: Restarting the economy to stimulate demand on consumer finance

Restarting the economy will improve the demand for consumer finance, however, both consumer finance companies and banks need to build diverse loans.
Consumer finance arms reach out to attain positive growth

Consumer finance arms reach out to attain positive growth

Although a sweeping set of stringent rules and the coronavirus pandemic have dented a flourish in the lending segment, Vietnam’s consumer finance market still appears lucrative, enticing many overseas investors.
VIR to organise consumer finance seminar on May 21

VIR to organise consumer finance seminar on May 21

The annual consumer finance seminar of VIR will focus on the impacts of COVID-19 on the finance sector, as well as difficulties and opportunities for growth.
Consumer finance in Vietnam charm foreign players

Consumer finance in Vietnam charm foreign players

As Vietnam has a fertile consumer finance market, more foreign players are considering joining the bandwagon by tying up with local peers.
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