Mcredit spreads wings leveraging group synergy with parent banks

Mcredit spreads wings leveraging group synergy with parent banks

Mcredit has swiftly managed to take advantage of its parent groups and their business ecosystems to develop and grow.
Consumer finance groups aspire to consolidate position

Consumer finance groups aspire to consolidate position

Foreign-backed consumer finance companies are diversifying their scope of activities to capture a larger and more lucrative market share in Vietnam.
Home Credit: Thinking differently about financial literacy

Home Credit: Thinking differently about financial literacy

Home Credit has been conducting financial literacy education programmes for more than two decades and measuring their impacts on its customers.
Decoding the change of position in the consumer finance market

Decoding the change of position in the consumer finance market

Mcredit's spectacular growth in 2021, as difficulties for the banking industry reached their peak due to the pandemic, surprised the market.
Consumer finance in sights of megabanks

Consumer finance in sights of megabanks

The consumer finance industry in Vietnam continues to be buffeted by pandemic-induced turmoil, but certain overseas investors are seeking novel responses to capitalise on the country’s tremendous promise.
Finance groups seek funding alternatives

Finance groups seek funding alternatives

Besides massive foreign investment in several notable finance-related corporations across Vietnam, public fundraising through major stock exchanges is also a viable alternative for consumer finance companies.
Will AEON Group acquire MSB's consumer finance company FCCOM?

Will AEON Group acquire MSB's consumer finance company FCCOM?

The Board of Directors of MSB announced the planned sale of FCCOM, and AEON Group is allegedly the most viable acquirer for MSB’s consumer finance firm.
Digital banks and fintech startups eye Vietnam's unbanked and underserved consumers

Digital banks and fintech startups eye Vietnam's unbanked and underserved consumers

Digital banks and fintech startups are increasingly offering innovative products and solutions targeting the unbanked and underserved consumers post-pandemic.
Sector attraction underpins consumer finance M&A boom

Sector attraction underpins consumer finance M&A boom

Dr. Gregory Bournet, partner and head of Corporate Finance at PwC Vietnam and Malaysia, shared with VIR’s Luu Huong how cultural awareness and tenacity are embedded into every single transaction.
Risk management required in consumer finance arena

Risk management required in consumer finance arena

Consumer finance firms’ performance in Vietnam is deteriorating due to the minimal capital buffer and hazardous nature of such assets – and a pressing need for a credit expansion boost is indicated as a stipulation for consumer finance players to rebound.
Lotte Finance launches PayLater service to catch up with "buy now, pay later" trend

Lotte Finance launches PayLater service to catch up with "buy now, pay later" trend

Lotte Finance Vietnam has officially launched a brand new consumer finance service called PayLater by Lotte Finance to capture the "buy now, pay later" segment.
Consumer finance in major tie-up tendency

Consumer finance in major tie-up tendency

The pandemic-triggered turbulence continues to gnaw at the consumer finance industry in Vietnam, but some players are exploring potential new approaches to the challenges, particularly from some international investors.
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. 
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