These buffers are important for building trust, enhancing reputation, and attracting capital from domestic and foreign investors.

At the end of 2023, Home Credit's solid equity stood at VND6.75 trillion ($270.5 million), up 5.9 per cent compared to the beginning of the year.

In 2023, Home Credit also posted a resilient after-tax profit of VND375 billion ($15 million), despite a volatile market impacted by a slowdown in retail sales and elevated funding rates.

The company has consistently executed its sustainable growth strategy, ensuring the quality of the company's assets with a best-in-class non-performing loan ratio. It has received continuous support from partners throughout challenging market conditions, and its equity-to-asset ratio demonstrates the ongoing robustness of the balance sheet.

Meanwhile, the capital adequacy ratio was nearly three times higher than the minimum capital adequacy ratio of 9 per cent required by law. This shows that Home Credit has a strong capital base, ensuring liquidity against credit risks, market risks, and other risks, with a higher loss absorption capacity. As a result, the company would be able to maintain normal operations even in the event of financial crises.

Home Credit ensures that all indicators of limits and safety ratios in the operation of a non-bank credit institution comply with regulations of the State Bank of Vietnam to ensure the safety of the financial system and promote sustainable development.

Home Credit proactively disburses loans for the right purposes and focuses on the right customers and their needs

By signing strategic cooperation agreements with major partners such as The Gioi Di Dong, Traveloka, Tiki, etc., Home Credit has actively brought superior financial solutions, committed to bringing the best financial experience to customers.

Home Credit has been able to benefit from improving market trends since the fourth quarter of 2023. The consumer finance company is poised for a rebound in retail sales seen in the first quarter of 2024, supported by a renewed Vietnamese economy, a recovery in exports and retail sales, continued foreign direct investment flows, and domestic demands.

Thanks to strong foundations, Home Credit Vietnam expects to grow in 2024 and pursue its digital transformation to provide financial solutions to cover daily needs for the underserved Vietnamese population, leveraging improved customer and ecosystem platforms to increase customer retention.