Thuy Trieu
By late June, nearly one million customers reached the company to take out loans for motorbike and home appliance purchase. The enterprise also expanded its network to over 2,900 sale points in 58 cities and provinces nationwide.
PPF Vietnam expects to reach total outstanding loan of over VND6 trillion by the end of this year.
Friedrich Weiss, general director of PPF Vietnam, in a statement released on Monday said that the consumer credit market is growing in Vietnam with strong potential.
Consumer credit currently accounts for 5-6% of gross domestic product (GDP). In the next five years, the ratio may rise to 10% of GDP given economic recovery, rising income per capita and strong urbanization, Weiss said.
Since commencing operations in 2009, PPF Vietnam with Home Credit brand has provided loans for bike and electronic appliance purchase or cash demands.
Đăng ký: VietNam News
