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VILAF advises SCBX Public Company Limited (SCBX) and The Siam Commercial Bank PCL (SCB) as Vietnamese law counsel in the acquisition of Home Credit Vietnam from Home Credit N.V. The transaction was signed last week for a consideration of approximately VND20,973 billion (equivalent to approximately US$873 million), and is expected to be completed by the first half of 2025, subject to approvals from the relevant competent authorities.
Partner Duyen Ha Vo led the VILAF team in this matter together with Partner Phong Tran, Partner Tung Nguyen, Partner Lam Nguyen, Senior Associates Quynh Anh Le and Thuan Mai, and Associates Khanh Le, Duong Nguyen, and Chau Nguyen.
Home Credit Vietnam is one of the leading players in the consumer finance sector in Vietnam, offering consumer durable loans, revolving loans, cash loans, and two-wheeler loans, having served a cumulative total of 15 million customers since its launch and has established a strong presence throughout Vietnam with 14,000 point-of-sales locations.
SCBX is the mothership of the SCBX financial technology business group, comprising 12 subsidiary companies including SCB that operate across three key business pillars: Banking Business, Consumer and Digital Finance Business, and Platform and Technology Business. The Siam Commercial Bank PCL (SCB) is the first Thai bank and is one of Thailand’s leading universal banks, providing a full range of financial services in Thailand and the region.