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Consumer lenders post low profits amid tightened spending

Consumer lenders post low profits amid tightened spending

Consumer lenders struggled in the first half this year, with many experiencing plunging profits or even posting losses as people tightened spending amid economic challenges.

Debt evasion headache for financial firms

Debt evasion headache for financial firms

Rising bad debt from “disappearing” borrowers and the shutting down of unauthorized debt collecting agencies are damaging the reputation of legal financial companies and threatening to hurt their performance.

Mobile World to tie up with F88 for consumer credit

Mobile World to tie up with F88 for consumer credit

Electronics retailer Mobile World is set to offer consumer loans of up to VND10 million ($435), and plans to sign a deal with credit provider F88 next week.

December 18, 2021 | 03:00 am PT

Pawn shop chains raise big bucks to expand

Pawn shop chains raise big bucks to expand

Vietnamese pawn shop chains have been attracting increasing investment for several years now as large demand for quick loans prompt their expansion.

February 26, 2021 | 11:00 pm PT

Vietnam tightens consumer loans

Vietnam tightens consumer loans

Vietnam has tightened rules on consumer loans, requiring a progressive decline in their ratio in the coming years.

November 25, 2019 | 01:51 am PT

Intense competition for consumer loans slows financing companies' growth

Intense competition for consumer loans slows financing companies' growth

Finance companies are reporting slower growth in consumer loans and revenues as new players enter the Vietnamese market.

June 17, 2019 | 01:30 am PT

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