Home Credit Group / Operations /

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Vietnam

Home Credit operations in Vietnam

In addition to the Chinese market, Home Credit Group has expanded its operations in one of the most exciting emerging markets in South East Asia - Vietnam.

In April 2008, PPF Group N.V., the parent company of Home Credit Group, was successful in obtaining a license to establish a 100% foreign owned non-banking financial company in Vietnam, PPF Vietnam Finance Company Ltd., which started its fully licensed operation in May 2009.

PPF Vietnam Finance Company Ltd. (“PPF Vietnam”) provides its consumer finance services to Vietnamese customers under the Home Credit brand name while leverages the Home Credit proven business model. PPF Vietnam through the Home Credit brand brings to Vietnam its considerable experience in providing consumer finance products and services in a number of countries and other emerging markets.

PPF Vietnam is currently focusing on providing POS loans on motorbikes through retailer networks. The company intends to provide broader range of consumer finance products and quickly expand to other provinces with the aim to establish its nation-wide presence.

Country Manager

Ajay Bandhu

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