Home Credit Vietnam Finance Company Limited (Vietnam)

The subject is one of the credit services providers for consumers in Vietnam. Currently, its financed products include electronic equipment, motorcycles… Besides, the company has developed more services such as insurance, revolving credit card and especially cash loans for all types of customers. Currently, its distribution network has more than 9,400 retail outlets with more than 6,000 employees, serving 14 million customers. In addition, the subject has cooperated with many payment method providers, namely Payoo with 3,000 transaction points, MoMo with 4,000 transaction points, Viettel stores, postal system, and banks having transaction networks nationwide.According to the media information, up to 31 Dec 2022, there are 16 finance companies. In which, FE Credit made up more than 40% of outstanding loans of finance companies. The subject, HD Saison and Mcredit are in the next position respectively. The company's business is facing more difficulties than rival companies in Vietnam. The reason is that the company does not have the "backing" of the bank, which makes it difficult to access customers as well as preferential loans. Contrary to the subject, many rival companies have the backing of banks. The biggest competitor is FE Credit, which has the backing when the major shareholder is VPBank; MCredit is a subsidiary of MBBank and HDSaison is a subsidiary of HDBank… Therefore, in a short time in 2022, the company issued a total of VND 1,100 billion of bonds.