Moody's extends upgrade review for VPBank and FE Credit

Moody's extends upgrade review for VPBank and FE Credit

Moody's Investors Service has extended its review for upgrade on all long-term ratings and assessments of VPBank and its subsidiary FE Credit.
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.
Japanese banks take on strategic roles

Japanese banks take on strategic roles

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.
Pension fund landscape to be diversified

Pension fund landscape to be diversified

Driven by incrementally surging demand from a gradually ageing population, more credit institutions and consumer finance companies are diversifying their loan schemes, including loan programmes for retirees.
Unsecured debts require regulation

Unsecured debts require regulation

Unsecured loan sales may see growth accelerated in response to a Vietnamese government ban on debt collection services – however, experts believed a clearer legal framework and firmer rules would help spur a more substantial unsecured debts market. 
Foreign investor participation crucial for operations

Foreign investor participation crucial for operations

The mega-deal between Sumitomo Mitsui Financial Group and FE Credit is expected to rewrite the consumer finance landscape in Vietnam.
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.
Dragon Capital becomes largest shareholder of VPBank

Dragon Capital becomes largest shareholder of VPBank

Dragon Capital increased its ownership rate in VPBank (VPB) to 5.12 per cent, becoming its largest foreign shareholder.
FE CREDIT goes all-in on AWS to accelerate innovation

FE CREDIT goes all-in on AWS to accelerate innovation

FE CREDIT has gone all-in on AWS, moving the vast majority of its IT infrastructure to the world’s leading cloud.
Capital injections loom in finance M&A

Capital injections loom in finance M&A

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.
Japanese lender SMFG acquires 49 per cent in FE Credit in a $1.4 billion deal

Japanese lender SMFG acquires 49 per cent in FE Credit in a $1.4 billion deal

Japanese mega financial institution SMFG has just acquired 49 per cent stake in Vietnam's largest consumer finance company FE Credit.
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.
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