- June 6, 2021
- Posted by: GBS
- Categories: Business, GBS
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 Advisory Firm at firstname.lastname@example.org for more details.
An opportunity to acquire a large scale, diversified and nation-wide consumer finance company in Vietnam, where consumer lending is booming on high domestic consumption.
The company is a member of a top 10 join stock bank in Vietnam, which has its headquarters in Hanoi with about 1,000 staff. In addition to consumer lending, the company also covers credit card issuance, automobile financing and corporate financing.
A qualified buyer is someone that provides proof of funds. Proof of funds is a letter from a well-known bank or brokerage firm.
Vietnam is one of the world’s fastest growing markets. Its market for individual loans is currently growing at an annual average of 60 per cent, with the number of credit card holders surged 27 per cent on-year to 7.4 million last year.
In 2017, South Korean finance firm Lotte Card bought out Techcom Finance and launched its unit Lotte Finance in late June 2019.
In early 2018, Shinhan Card acquired Prudential Vietnam for $150 million. The merged business started operating in May 2019.
Japanese firms have also entered Vietnamese consumer lending market such as Credit Saison and Shinsei Bank, which have formed joint ventures with HDBank and Military Bank.
GBS is one of the best business consulting firms in Vietnam with a network South East Asia, Middle East, Japan, HongKong, Malta and Poland.
In 2020, despite the impact of Covid-19, GBS has achieved a record number of new customers, bookings, revenue, with the company also doubling their global footprint in 2020 with customers in 12 new countries.