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Competitive Interest rates

Flexible Term

Services and products

Business activities

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The detail information of product

Product features
Procedure of taking term deposit
Payout of term deposit
Certificate of deposit issuance
Certificate of deposit payment

Terms & interest rates

The Interest Rate Schedule is updated and applied from time to time.

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Calculation of deposit

The deposit interest rate calculator is for reference only. For more details, please leave your information for the most accurate advice.

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Financial statements

Welcome to FE CREDIT’s Financial Reports page
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Quick access

Business activities

Learn more about us to gain more confidence in investment cooperation opportunities.

Find out more

The detail information of product

Product features
Procedure of taking term deposit
Payout of term deposit
Certificate of deposit issuance
Certificate of deposit payment

Terms & interest rates

The Interest Rate Schedule is updated and applied from time to time.

Find out more

Calculation of deposit

The deposit interest rate calculator is for reference only. For more details, please leave your information for the most accurate advice.

Find out more

Get advice

Do you want to learn about investment cooperation opportunities? Please leave your information and we will contact you to advise you on optimal solutions.

Find out more

Financial statements

Welcome to FE CREDIT’s Financial Reports page
Please log in to view and download highly confidential information

Find out more

With the mission of “making formal credit accessible to everyone, enabling them to access secure loans for a better quality of life”, FE CREDIT always stands by its customers, offering flexible personal financial solutions. We contribute to fulfilling the dreams of millions of Vietnamese people. With over 12 years of operation, FE CREDIT has provided financial support to more than 13 million customers in Vietnam and consistently maintained its leading position in the consumer finance market. We have nearly 20,000 POS nationwide, playing a significant role in combating illegal lending, improving the living standards of the workforce, and driving the consumer economy forward.

2022

Served more than 13,000,000 customers
Expanded cooperation with nearly 14,000 partners and developed nearly 20,000 points of sales nationwide
Honored to be entrusted by the Government and State Bank with the responsibility of implementing the VND 10,000 billion preferential credit loan package for workers
Received an investment of USD 466 million from foreign partners

2021

Served more than 12,000,000 customers
Expanded cooperation with more than 12,000 partners
Officially changed its name to VPBANK SMBC FINANCE COMPANY LIMITED
FE CREDIT was valued at USD 2.8 billion and raised its charter capital from VND 7,328 billion to VND 10,928 billion
Received an investment of USD 436 million from foreign partners

2020

Served more than 11,000,000 customers
Expanded cooperation with more than 10,500 partners and developed more than 19,000 points of sales nationwide
Received an investment of USD 431 million from foreign partners

2019

Served more than 10,000,000 customers
Received an investment of USD 657 million from foreign partners

2018

Dominated Vietnam’s consumer finance market with more than 50% market share
Expanded cooperation with more than 9,000 partners and developed more than 13,000 sales points nationwide
Received an investment of USD 50 million from Lion Asia in January 2018 and USD 365 million from other foreign partners

2017

Served more than 6,000,000 customers
Expanded cooperation with 7,000 partners
Increased charter capital from VND 2,790 billion to VND 4,474 billion in July 2017
Received an investment of USD 100 million from Deutsche Bank in November 2017 and USD 25 million from Lion Asia

2016

Served more than 3,000,000 customers
Expanded cooperation with nearly 4,000 partners and developing more than 5,800 points of sales nationwide
Increased charter capital from VND 1,900 billion to VND 2,790 billion in October 2016
Received an investment of USD 100 million from Credit Suisse bank in December 2016

2015

Converted to an independent legal entity: Vietnam Prosperity Bank Finance Company Limited (FE CREDIT)
Pioneered consumer finance with the CREDIT CARD product
Awarded Best Consumer Finance in Vietnam 2015 by Global Banking and Finance Review
Reached the milestone of 2,000,000 customers

2014

Acquisition of Vietnam National Coal and Mineral Finance Company (CMF)
Reached the milestone of 1,000,000 customers

2013

Product launch: Consumer Durables Loan
Reached the milestone of 450,000 customers
End-of-period outstanding balance: USD 200 million

2012

Launched flagship product: PERSONAL LOAN
Reached 150,000 customers to become the leading financial enterprise in the Vietnamese market
Established direct sales and sales channel through third party partners”

2011

The distrubution channel network had reached 2,000 points of sales nationwide

2010

On November 2, 2010, Consumer Credit Division was established under VPBank
Successfully launched the first product: Two – Wheeler Loan

Updated to December 31, 2022

Updated to December 31, 2022

Ratio	Reporting Date (Dec 31, 2022)	SBV Regulations	Status (Compare with SBV)
Liquidity reserve	17.84%	>= 1%	Compliance
Affordability for 30 days – VND	86.91%	>= 20%	Compliance
Affordability for 30 days – Foreign Currency	Không phát sinh dòng tiền ra ròng	>= 5%	Compliance
Short-term funding for medium and long-term loans	49.90%	<= 90%	Compliance
Buying and investing bonds compared to the capital source of the Bank	0.88%	<= 10%	Compliance
Capital adequacy ratio – CAR	16.16%	>= 9%	Compliance

Business name	VPBANK SMBC FINANCE COMPANY LIMITED
Abbreviated business name	VPB SMBC FC
Operation status	Active
Business code	0102180545
Legal type	Limited Liability Company
Established date	February 15, 2007
Legal representative	Mr. LO BANG GIANG
Head office address	2nd Floor, REE Tower, No. 9, Doan Van Bo Street, Ward 13, District 4, Ho Chi Minh City, Vietnam
Activities	Other financial service activities n.e.c. (except insurance and social insurance)
Details	Operating under License No. 64/GP-NHNN dated October 30, 2017 of the Governor of the State Bank of Vietnam.

Seal form Regulations

Product features

Categories	Certificate of Deposit (CD)	Term Deposit (TD)
Issuers	VPBANK SMBC FINANCE COMPANY LIMITED (FE CREDIT).
Types of Customers	Residents being organizations Non-residents being organizations including: Diplomatic missions, consulates, representative bodies of international organizations in Vietnam; representative offices, project offices of foreign organizations in Vietnam;
Formality	Sign the contract(s) and issue Certificate of Deposit	Sign the contract(s)
Amount	1,000,000 VND/Certificate of Deposit (min 50,000,000 VND/deal)	Min 50,000,000 VND
Terms	01 – 36 months
Interest Rate	Competitive, outstanding
Payment method of principal and interest	Interest is paid on the issue date, or maturity date, or periodically by month/quarter/year based on the agreement between FE CREDIT and the Investor The principal is paid on maturity date
Advantages	Transferable Can withdraw prematurely under agreement between the holder of Certificate of Deposit and FE CREDIT Can pledge and discount Certificate of Deposit to borrow capital from credit institutions	Can extend the tenor of Term Deposit Can withdraw prematurely Can pledge to borrow money from credit institutions
Application for registration	1. Establishment license/Operation license/Business registration certificate or other equivalent documents 2. Seal sample registration certificate 3. Identification Card/ Valid passport (certified copy) of the legal representative and authorized person (if any) 4. Authorization document (applicable when the person performing the transaction/signing the transaction record is the authorized representative) 5. And other legal documents as required by FE CREDIT, in accordance with the provisions of law
Checking account balance	Can check the account balance of term Certificate of Deposit and/or Term Deposit after registering an online account with FE CREDIT register form

Download Sample of Register for the lookup service

Procedure of taking term deposit

1/ FE CREDIT provides information and guide Customer to read Term Deposit product of FE CREDIT including contract sample, product features and other information before making transactions.

2/ Customer provides the legal documents, FE CREDIT updates Customer’s information in accordance with provisions of FE CREDIT and Law

(2a) Customer who have had transaction with FE CREDIT:

Updated legal documents and information (if any);
Term Deposit Contract.

(2b) Customer having first transaction with FE CREDIT:

Customer information declaration for entity/Company/Financial Institution;
Legal documents of legal indentity (see also “PRODUCT FEATURES”, section “TD Application for registration”).
Term Deposit Contract.

3/ FE CREDIT and Customer sign the Term Deposit Contract.

4/ Customer transfers money from the customer’s current account opened in any other credit institution to carry out term deposit transaction in accordance with agreement in Term Deposit Contract.

5/ After receiving the full amount of deposit, FE CREDIT will record in accounting book of term deposit. Other procedures will be followed in accordance with provisions of FE CREDIT and Law.

Download Sample of Term Deposit Contract

Payout of term deposit

Customer Investor

Customer send notifications to FE CREDIT by phone or email or document

Make payment

FE CREDIT
(VPB SMBC FC)

Check, collect Customer information, transaction information with data stored by FE CREDIT before making payment.
Check, update, change the standard settlement instructions, transaction status as Customer’s request and/or a third party (if any)
Make payment of principal / interest / principal and interest for Customer
Record in accounting book of term deposit payment

FE CREDIT does not receive any notifications for mature transactions

FE CREDIT
(VPB SMBC FC)

Case 1
Roll-over the mature transaction
Record in accounting book of roll-over the mature transaction

Case 2
Make payment of principle and interest (if any) to the customer’s current account if customer does not meet the requirements for the roll-over transation in accordance with provisions of FE CREDIT and Law
Record the payment of term deposits in accordance with FE CREDIT and Law

Certificate of deposit issuance

1/ FE CREDIT provides information and guides customers. Customers read and investigate the FE CREDIT’s Certificate of Deposit including sample contracts, product characteristics and other information before making a transaction.

2/ Customers provide or update legal documents as prescribed to serve the identification and updating of customer information in accordance with FE CREDIT and relevant laws

(2a) Customer who have had transaction with FE CREDIT:

Update legal documents (if any);
Certificate of Deposit contract (according to sample form).

(2b) Customer having first transaction with FE CREDIT:

Information declaration for customers who are organizations/ businesses/ financial institutions (according to FE CREDIT form);
Documents proving legal status (see also in the section “PRODUCT CHARACTERISTICS”, section “CD Application for registration”).
Certificate of Deposit contract (according to sample form).

3/ FE CREDIT and customer sign CD contract.

4/ The customer transfer money from their account opened at other credit institutions to make transactions in accordance with the contents agreed in the CD contract.

5/ After receiving the full amount from customer, FE CREDIT will conduct the accounting book, issuance and transfer of the Certificate of Deposit to customer, and carry out other procedures in accordance with FE CREDIT and relevant laws from time to time.