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.
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.
Capital inflows to Southeast Asian startups up 91 per cent despite outbreak

Capital inflows to Southeast Asian startups up 91 per cent despite outbreak

Southeast Asian startups, especially e-commerce and fintech companies, have witnessed a significant increase in investment between April and June.
Japanese giant Sumitomo Mitsui Financial Group halts lending to new coal-fired power plants

Japanese giant Sumitomo Mitsui Financial Group halts lending to new coal-fired power plants

Sumitomo Mitsui Financial Group (SMFG) – one of Japanese largest megabanks – announced it would halt lending to new coal-fired power plants from May 1, 2020.
PM suggests Japan’s bank enlarge credit scale in Vietnam

PM suggests Japan’s bank enlarge credit scale in Vietnam

PM Nguyen Xuan Phuc hoped that Japan will pour more investment in Vietnam to become the largest investor in the nation and the Sumitomo Mitsui Banking Corporation (SMBC) will enlarge the credit scale for Japanese and Vietnamese partners.