FE Credit

Economic conditions taint consumer finance prospects

September 13, 2023 | 15:00

The challenges facing the consumer finance sector have become evident this year, as numerous companies reported declining business results in the first half.

VPBank announces SMBC as foreign strategic investor

March 27, 2023 | 19:00

VPBank has announced it has entered into an agreement with Japan’s SMBC to issue a 15 per cent equity stake through a private placement.

Bad debts continue to soar at commercial banks

February 06, 2023 | 12:21

The rate of bad debt is rising at commercial banks and is expected to increase further amid woes in the real estate market.

Financial groups step up quality drive to improve operations

January 05, 2023 | 10:37

Financial companies in Vietnam are scrambling to adapt to socioeconomic changes in order to survive and thrive.

VPBank freshly inks syndicated loan worth $500 million

November 11, 2022 | 17:15

With the fresh international financing sources secured, VPBank once again affirms its reputation in the loan syndication market.

Risk management required in consumer finance arena

November 19, 2021 | 08:00

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.

VPBank completes sale in FE Credit to SMBC Group of Japan

October 29, 2021 | 11:00

VPBank announced the completion of a 49 per cent stake sale of its consumer finance arm FE Credit by SMBC Consumer Finance Co., Ltd. (SMBCCF), a wholly-owned subsidiary of Japan’s Sumitomo Mitsui Financial Group Inc. (SMBC Group).

Moody's extends upgrade review for VPBank and FE Credit

September 01, 2021 | 13:26

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

August 19, 2021 | 10:00

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

July 07, 2021 | 15:13

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

June 17, 2021 | 16:57

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

June 10, 2021 | 09:00

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

May 25, 2021 | 21:27

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

May 25, 2021 | 21:26

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.