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Finance companies

Moodys places five VN financial institutions on review for downgrade

Moody's places five VN financial institutions on review for downgrade

Moody''s Investors Service has placed the long-term ratings and assessments of three Vietnamese finance companies and two Vietnamese banks on review for downgrade.
VCCI suggests central bank reconsider cash loan proposals

VCCI suggests central bank reconsider cash loan proposals

The Viet Nam Chamber of Commerce and Industry (VCCI) suggests the State Bank of Viet Nam reconsider a proposal on limiting unsecured personal loans in cash by consumer finance companies.
Moodys backs VNs strict proposal on unsecured consumer lending

Moody's backs VN's strict proposal on unsecured consumer lending

Viet Nam’s stricter regulations on unsecured consumer lending are positive for finance companies, according to a Moody''s recent credit outlook report.
Central bank sets to tighten unsecured consumer finance

Central bank sets to tighten unsecured consumer finance

Regulations on personal unsecured lending by consumer finance companies will be tightened if a draft circular of the State Bank of Viet Nam (SBV) takes effect. 
Lenders boost consumer loans at year-end

Lenders boost consumer loans at year-end

Both finance companies and banks are promoting consumer lending to capitalise on high demands ahead of the country’s largest holiday Lunar New Year (Tet).
Finance companies slow credit growth

Finance companies slow credit growth

Consumer finance companies have been cutting credit growth to focus more on tightening internal governance and ing solvent customers to target a safer and healthier development.
Consumer finance arms race

Consumer finance arms race

Consumer finance companies are offering various promotions to customers, aiming to enlarge their share in an increasingly competitive market.
Finance firms raise 1bn with deposit certificates

Finance firms raise $1bn with deposit certificates

Finance companies have mobilised capital more effectively after the authorities let them issue deposit certificates, experts said.
NA backs microfinance companies

NA backs microfinance companies

The banking services of credit institutions have so far met the economy''s diversified demands, but more microfinance organisations and consumer finance companies need to be set up.
Banks on prowl for retail finance companies

Banks on prowl for retail finance companies

At shareholders'' meetings this year many banks unveiled plans to acquire finance companies to take advantage of their retail business and boost lending.