The transfer process is expected to be completed in the first half of 2025, following approval from the competent authorities of Vietnam and Thailand.
Home Credit Vietnam – owned by the international investment group PPF – began operations in 2009 and was the first company of the Home Credit Group in Southeast Asia. Home Credit Vietnam is currently one of the leading companies in the consumer finance sector in Vietnam, holding the second largest market share, accounting for approximately 14% of the total market value. Furthermore, the company has been particularly focused on promoting its digital leadership strategy in recent years.
“Home Credit Vietnam has grown rapidly to become a market leader since it began operations fifteen years ago,” said Radek Pluhar, CEO of Home Credit Group, adding that the company is preparing for the transition and believes it will become even more successful in the future.
SCBX is the parent company of SCB and one of the leading fintech groups in Thailand. SCB is a large bank with the fourth largest total assets in the country.
The actual transfer value will be determined at the time the transaction is completed.
Home Credit Vietnam began operating in the Vietnamese market in 2009 as a pioneer in the consumer finance market and is now one of the leading digital finance companies, with approximately 6,000 employees serving more than 15 million customers nationwide.
Home Credit Vietnam offers outstanding consumer finance products across three main categories: installment loans for consumer goods (motorcycles, household appliances, electronics, furniture, etc.), cash loans, and credit cards.
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