SCB X Public Company Limited is set to acquire Home Credit Vietnam for approximately USD870 million, significantly expanding its presence in the Vietnamese consumer finance market.

Information on the Target

SCB X Public Company Limited has entered into an agreement to acquire Home Credit Vietnam Finance Company Limited from PPF Group N.V. for approximately VND20,973 billion, translating to about USD870 million. This acquisition is anticipated to be finalized by the first half of 2025, contingent upon necessary regulatory approvals. Home Credit Vietnam is recognized as a significant player in the consumer finance sector, possessing a notable market share and extensive operational capabilities.

As of June 30, 2023, Home Credit Vietnam held the second-largest market share in the country, capturing around 14% of the total consumer finance market. Its growth trajectory indicates a robust demand for consumer finance solutions amidst favorable economic conditions, making it an appealing target for SCB X's expansion strategy.

Industry Overview in Vietnam

The consumer finance landscape in Vietnam has demonstrated impressive growth potential, driven by strong macroeconomic indicators and supportive government policies. Over the past few years, economic reforms and rising income lev