HCM City (VNA) – Foreign investors havebeen acquiring major stakes in financial companies in Vietnam in recent yearsand the trend is expected to continue in 2017.
Major acquisitions in recent years include JapaneseShinsei Bank’s purchase of 49 percent of MCredit, a financial company of theMilitary Bank, which was renamed the MB Shinsei Consumer Finance Company.
Yukio Nakamura, Vice Chairman of the Shinsei Bank,said the deal will open up opportunities and improve the competitive edge ofthe MB Shinsei in Vietnam.
The State Bank of Vietnam also approved a dealallowing the HCM City Development Bank (HD Bank) to transfer 49 percent of thecharter capital of HDFinance, a HD Bank affiliate, to Japan’s Credit SaisonCorporation.
Katsumi Mizuno, Director of Credit Saison’s InternationalMarket, said Vietnam still holds great potential for personal consumer creditand card services thanks to a young population.
Experts said a wave of similar acquisitions isexpected to take place in 2017 and beyond.
A Japanese partner is negotiating for 49 percent ofthe financial company FE Credit of the VPBank while SHB will soon establish aconsumer financial company after taking over the Vinaconex – Viettel financejoint stock company.
In recent years, the consumer finance sector inVietnam has grown 27 percent and is predicted to maintain the growth until 2020.
♒ The number of rich and middle class people is forecastto double in the next 15-20 years, making Vietnam a lucrative market forconsumer finance.-VNA
The State Bank of Vietnam has allowed Vietnam Prosperity Bank (VPBank) to acquire Vietnam National Coal - Mineral Finance Company (CMF), the Saigon Times Daily reported on July 2.
Maritime Bank has received approval from the State Bank to acquire the Textile and Garment Finance JSC, an affiliate of the Vietnam National Textile and Garment Group.
The Military Commercial Joint Stock Bank will complete its merger with Song Da Finance Company this year, the bank reported on its website after a shareholder meeting on October 6.
Large-scale projects invested by Korean investors in strategic sectors such as semiconductors and energy are poised to give a strong boost to foreign direct investment (FDI) inflows into Vietnam, creating momentum to attract more high-value projects from global investors.
The recent administrative merger offers a unique opportunity to establish a unified and synchronised logistics system, turning the Southeastern Key Economic Region into a high-performing hub for trade, investment, and marine economy.
Vietnam’s state budget revenue from import-export activities reached over 261.37 trillion (9.97 billion USD) in the first seven months of 2025, equivalent to 63.6% of the annual estimate and 55.6% of the targeted goal, marking a 9.1% increase year-on-year, the Department of Customs reported.
Experts warned that excessive capital concentration in high-risk sectors like real estate and securities, risks of imbalances and non-performing loans could increase.
Demand for durians in the Chinese market is surging, prompting growing interest among importers in seeking supply from Vietnam. With its geographical proximity, short transport time and distinctive flavour, Vietnamese durian is highly regarded for both quality and long-term growth potential.
EVN leaders said CMIS has advanced to version 4.0 over the past two decades, fully digitising operations and customer services while handling data for over 32 million clients and processing hundreds of millions of transactions each year.
With a combined market of over 370 million consumers, Vietnam and Indonesia leverage agricultural strengths: Vietnam leads in rice exports, while Indonesia dominates palm oil and coffee and is advancing toward rice self-sufficiency. Key cooperation opportunities span sustainable fisheries, hi-tech farming, agricultural science innovation, integrated value chains, and market access.
In the first seven months of this year, retail sales of goods were estimated at approximately 3.05 quadrillion VND, accounting for 76.4% of the total revenue and rising by 7.8% compared to the same period last year.
Under the agreement, customers will enjoy tailored financing solutions, including attractive interest rates, flexible repayment options, 100% on-road funding, exclusive offers and priority services - applicable across VinFast’s entire product portfolio. Dedicated HDFC Bank representatives will be available at all VinFast showrooms to provide on-site support, making EV ownership more accessible and convenient for a wider range of Indian consumers.
Foreign direct investment (FDI) inflows into Ho Chi Minh City rebounded strongly in the first seven months of 2025, reaching nearly 6.2 billion USD, up 45.67% year-on-year after a slowdown last year.
To meet the ambitious annual target of 47–48 billion USD, the sector must now achieve monthly exports of over 4 billion USD during the remaining months of the year.
The Airbus A321NX is the first in a fleet of eight modern aircraft scheduled for delivery and operation throughout 2025, marking the beginning of Sun PhuQuoc Airways’ carefully planned investment strategy to build a modern fleet operating with safety, stability, and world-class standards.
Experts say that after over a decade of implementation, the credit growth quota policy is currently inappropriate and is criticised for creating an “ask and give mechanism”, hindering people and businesses from accessing bank loans.
The country's industrial growth in the period was largely fuelled by the manufacturing and processing sector, which expanded by 10.3% and contributed 8.5 percentage points to the overall IIP.
VietnamUSA.Arobid.com is Vietnam’s first B2B e-commerce platform dedicated to helping Vietnamese enterprises access the US market, a vast and promising market, yet one that is highly demanding in terms of standards, tariffs, and distribution channels.
Illustrative image (Source: VNA)
