• The consumer finance company is a member of a join stock bank. The deal will help foreign investors to expand the business in Vietnam.
• In addition to consumer lending, the company also covers credit card issuance, automobile financing and corporate financing.
• Contact the M&A Advisor at sophie@gbs.com.vn for more details.

• Charter capital: VND 500 billion
• Ownership structure: 100% owned by a top 10 joint stock bank in Vietnam
• HQ: Hanoi, Vietnam
• Total Assets: VND 2,066 billion
• Loan outstanding balance: VND 1,900 billion
• Sales channel: 22 points of sales in 19 cities/ provinces of Vietnam
• Number of customers: ~30,000
• Interest income in 2022: VND 150.3 billion
• Profit before tax in 2022: VND 0.66 billion
• As of December 31, 2022, the company’s total assets increased by 162.4% compared to 2019.
• Equity increased by 237%

• Expansion Potential: Increase brand awareness among existing customers, expand client base, pursue more collegiate partnerships,
• Employees: ~400 FT
• Years established: 1997

According to Vietnam’s Banking Laws and Regulations, Foreign investors can acquire up-to 100% of the share capital of the company and convert the company into 100% foreign owned company. Such as Lotte Finance Vietnam Company Limited acquired 100% of the share capital of Vietnam Chemical Finance Joint Stock Company.

Deal Terms

• Option 1: Foreign investors can acquire 100% of the share capital of the company and convert the company into 100% foreign owned company, or
• Option 2: Foreign investors and the existing owner of the company can convert the company into a Joint Venture, where the foreign investors can own 50% of the share capital of the company.

Expected price

• Option 1: Legal capital multiple 3.2 times for the license + total asset of the company
• Option 2: 50% of Legal capital multiple 2.6 times for the license