Shinhan Finance wins UK sustainability award Shinhan Vietnam Finance Company Ltd., has won the 2020 Best Sustainability Development Company Vietnam award from the UK’s Global Banking & Finance Review magazine.

Shinhan Finance donates $51,207 to Việt Nam COVID-19 fight As the COVID-19 pandemic continues, Shinhan Vietnam Finance Company Limited has announced a number of actions to support the Government’s efforts to tackle it.

New consumer finance curbs to challenge business models: Fitch Ratings

The State Bank of Việt Nam’s new regulatory limits on unsecured consumer-finance personal loans will pressure the business models of more-exposed companies over the next few years, according to Fitch Ratings.

Vietnamese consumer financier FCCOM sells 50% stake to foreign investor Hyundai Card’s officers will be responsible for the finance while MSB staff will take care of sale and operation in the post-merger business.

Foreign finance institutions step up expansion plans in Việt Nam

The competition in the Vietnamese finance and banking market has become fiercer as existing foreign institutions are rushing to increase capital even as new entrants continually join the market.

SBV approves Shinhan’s acquisition of Prudential Vietnam

On Thursday, the State Bank of Việt Nam (SBV) issued a decision approving the purchase, sale and transfer of all contributed capital of Prudential Holborn Life Limited at Prudential Vietnam Finance Company Limited to Shinhan Card Co., Ltd.

Banks eye consumer finance

Several banks are keen to establish consumer finance arms to grab a bigger share of a market that is expected to reach VNĐ1,000 trillion (US$4.38 billion) by 2020 and grow at 29 per cent annually.

S Korean group acquires Prudential Finance in Việt Nam

Prudential Plc on Tuesday announced that it had reached an agreement to sell 100 per cent of its Prudential Vietnam Finance Company (PVFC) to Shinhan Card Co Ltd, a subsidiary of the Shinhan Financial Group (Shinhan), at a cost of US$151 million.