LOTTE Finance increased its charter capital to more than 4,900 billion VND

DNVN - Lotte Vietnam Finance Company Limited (LOTTE Finance) was officially approved by the State Bank of Vietnam to increase its total charter capital to more than VND 4,912 billion, according to Decision No. 1195/QD-QLGS6 dated June 5, 2025.

This is an important step, creating a solid foundation for LOTTE Finance to expand and strongly develop its business activities in 2025.

Accordingly, LOTTE Finance's charter capital increased by more than VND 726 billion compared to 2024, from VND 4,186 billion to more than VND 4,912 billion because Lotte Card Co., Ltd (Korea) owns 100% of the charter capital.

Increasing charter capital is an important step in LOTTE Finance's business strategy.

Decision No. 1195/QD-QLGS6 takes effect from June 5, 2025 and is an integral part of the Establishment and Operation License No. 102/GP-NHNN dated November 19, 2019 issued by the Governor of the State Bank of Vietnam to Lotte Vietnam Finance Company Limited.

Increasing charter capital is one of the important steps in LOTTE Finance's business strategy in 2025. Thereby, it helps LOTTE Finance continue to develop and expand consumer financial services such as: Consumer loans; Installment loans; Car loans; Buy now, pay later and issue Credit cards. At the same time, LOTTE Finance also deploys many more financial services for customers who are enterprises and small and medium-sized businesses to meet diverse loan needs in the Vietnamese market.

A representative of LOTTE Finance said: “Continuing to increase charter capital is not only a key step to help LOTTE Finance consolidate strong financial resources, create favorable conditions to implement long-term development strategies, and at the same time comprehensively restructure and expand business scale.”

In the first six months of 2025, LOTTE Finance has expanded its cooperation with many strategic partners such as Woori Bank, Alliex and VNPT EPAY to diversify its portfolio of financial products and services and improve customer experience. In addition, the company has also implemented a series of outstanding business strategies, including: expanding loan products for civil servants and public employees; developing secured loans; and launching the product "Lotte VietMerchant Credit" - a loan package specifically designed for small and medium-sized businesses, with competitive interest rates, simple and flexible procedures.

Hoang Phuong

Source: https://doanhnghiepvn.vn/kinh-te/tai-chinh-ngan-hang/lotte-finance-tang-von-dieu-le-len-hon-4-900-ty-dong/20250612122331316