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.
VPBank looks for foreign strategic partner
May 20, 2021 | 08:45
VPBank has just announced setting its maximum foreign ownership limit at 15 per cent, with plans to make a private placement for a foreign strategic investor.
Dragon Capital becomes largest shareholder of VPBank
May 18, 2021 | 17:04
Dragon Capital increased its ownership rate in VPBank (VPB) to 5.12 per cent, becoming its largest foreign shareholder.
Capital injections loom in finance M&A
May 04, 2021 | 11:23
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.
FE Credit experiences 16.3 per cent drop in pre-tax profit as NPLs increase in 2020
February 06, 2021 | 14:01
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.
Be Group partnering up with VPBank to launch Cake digital bank
January 12, 2021 | 16:22
Be Group and VPBank have officially introduced Cake digital bank, a new solution for e-banking.
Diversifying local consumer finance
December 16, 2020 | 08:00
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
December 08, 2020 | 16:50
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.
The hardest part of a journey is the start 1
October 21, 2020 | 19:00
At one of the country’s first large-scale community events after the initial shock of the pandemic this year, AIA Vietnam’s chief of marketing and strategy officer tied knots with the running races and showcased his company’s commitment and strategy for the upcoming time.
VPBank Hanoi Marathon ASEAN 2020, a globally connected race
October 20, 2020 | 17:48
The VPBank Hanoi Marathon ASEAN 2020 took place safely and successfully, joined by nearly 6,000 runners competing at the offline race in Hanoi.
Vietnamese banks take cautious approach to foreign ownership limit
September 24, 2020 | 16:11
Vietnamese banks assets are taking different approaches to their foreign ownership limit to counter the effects of the pandemic.
Banks bet on consumer credit growth
September 10, 2020 | 08:00
Credit institutions are being encouraged to implement consumer credit packages and preferential rates as an effective way to stimulate spending sprees and help the domestic economy tide over the storm.
IFC loans to VPBank and OCB to boost finance for local businesses
August 05, 2020 | 10:33
The IFC is providing $140 million in loans to VPBank and OCB to local businesses with disrupted cash flows sustain operations and maintain employment.
Moody’s maintains VPBank’s credit ratings at “stable”
July 27, 2020 | 09:12
Global credit rating firm Moody’s Investors Services has announced it would keep VPBank's credit rating at B1.
AIIB approves 100-million-USD loan to VPBank
July 18, 2020 | 09:52
The Asian Infrastructure Investment Bank (AIIB) said on July 17 that its board of directors had approved a 100-million-USD loan to the Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to help sustain business activities disrupted by the COVID-19 pandemic.
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