Consumer finance groups tap new funds

Consumer finance groups tap new funds

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.
Market demand pushes role of consumer finance

Market demand pushes role of consumer finance

After a decade of development, consumer finance firms are now ramping up their transformation from digital adoption which has taken a quantum leap, to how they diversify their loan portfolios and reducing cash loan exposure.
Landscape shift in consumer finance

Landscape shift in consumer finance

Vietnam has posted laudable improvements in the regulatory framework, market scale, products and services, and operational efficiency when it comes to consumer finance activities in the past decade. 
Sustained success for FE Credit down to unique vision

Sustained success for FE Credit down to unique vision

After strong efforts to change the game of consumer finance, FE CREDIT has told of its decade-long journey to establish a solid foundation and become the leading company in unsecured consumer loans and credit cards, with more than 50 per cent of the market share.
Hyundai Card fails to purchase 50 per cent stake in MSB's consumer finance firm FCCOM

Hyundai Card fails to purchase 50 per cent stake in MSB's consumer finance firm FCCOM

Despite lengthy negotiations, South Korean credit card company Hyundai Card has failed to buy a 50 per cent stake in MSB's consumer finance company FCCOM.
Consumer finance: New vitality after 10-year journey

Consumer finance: New vitality after 10-year journey

Experts gathered yesterday (March 25) at VIR's headquarters for the consumer finance seminar themed “Consumer finance: New vitality after a 10-year journey”.
Consumer finance retains attractiveness

Consumer finance retains attractiveness

Despite the resurgence of the pandemic, investors still remain upbeat about consumer finance and pawn chain businesses in Vietnam, which are considered among the most attractive loan segments.
Fundraising on the up in consumer finance

Fundraising on the up in consumer finance

Consumer finance companies are taking different approaches to raise cash and gain a bigger slice of the landscape.
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.
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