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.
Financial institutions opting more into eKYC convenience

Financial institutions opting more into eKYC convenience

Fintech companies, banks, and other financial institutions are making great strides to go paperless, eliminating physical movements and paperwork, and becoming more cost-effective through electronic processes.
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.
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.
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.
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.
FE Credit toasted second-quarter and first-half 2020 results

FE Credit toasted second-quarter and first-half 2020 results

On August 5, FE Credit, together with its partner bank VPBank, organised an analyst call to discuss its second-quarter results as well as first-half financial achievements.
Moody’s confirmed stable rating for FE Credit in latest review assessment

Moody’s confirmed stable rating for FE Credit in latest review assessment

Moody’s Investors Service has recently confirmed the long-term ratings of FE Credit at B1, after putting it up for review due to the impacts of COVID-19.
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.
Banks upbeat about charter capital hike in 2020

Banks upbeat about charter capital hike in 2020

Banks, especially State-owned banks, are expected to increase their capital significantly this year as they are allowed to retain profits or pay dividend in shares instead of cash as previously.
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.
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.
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