The Best Consumer Finance Company for Customer Service of the Year 2018 commends global organisations on delivering exceptional customer service, dedicated day-to-day customer support, and successful customer experience strategies. Prudential Finance has embedded high standards of customer experience and best-in-class services in various initiatives launched last year to optimise the company’s resources and infrastructure. Atul Dixit, CEO of Prudential Finance (L), receives the award from Global Banking & Finance Review (Photo: GBAF) Varun Sash, chairman and CEO of Global Banking & Finance Review, said that Prudential Finance was commended for understanding the value that customer experience plays in building a brand’s positive reputation. “Moreover, it makes great difference to their business success and customer success,” added Sash. Meanwhile Atul Dixit, CEO of Prudential Finance, said that the prestigious award is not only a testament to … [Read more...] about Prudential Finance named The Best Consumer Finance Company for Customer Service 2018
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VietNamNet Bridge - Commercial banks are planning to take over finance companies to implement plans to develop consumer credit.The Military Bank’s (MB) buying of Song Da Finance JSC (CDFC) has resulted in the establishment of the MB Consumer Finance Company Ltd, an MB subsidiary with chartered capital of VND500 billion. After the deal was approved by the MB extraordinary shareholders’ meeting held on October 6, 2015, MB has become the latest commercial bank in the consumer finance sector. MB jumped into the market segment after realizing that the market has been growing very rapidly in the last 10 years while analysts predicted it would even see higher growth rate - 20-30 percent until 2019. Nguyen Minh Phong, a renowned economist, said he can see the great development potential of the consumer finance market which is reflected in the establishment of a lot of consumer credit divisions under banks and the establishment of a series of finance companies in recent months. A … [Read more...] about Commercial banks eye finance companies
The Provincial People's Committee has just issued the Certificate for Investment on planting economic forests in Phu Yen to Truong Thanh OJI company Ltd.- a joint venture between Truong Thanh group and OJI paper company (Japan). The Chairman of the Provincial People's Committee hands over the Investment Certificate to leader of OJI Forest Planting Company Ltd. This project aims at planting half-bred gelatine trees, sua trees as well as other trees in the list allowed by the Ministry of Agriculture- rural Development on the area of 16,726 ha in 33 communes of 8 districts, town of Phu Yen, among which, till the year 2011, totally 2,241 ha of forests has been planted. This project has the total investment capital of almost $24 million (equivalent to 455 billion dongs), contributed by the members of the joint venture in different stages during the implementation process. The project enjoys some privileges in land lease rate, import-export tax. Nevertheless, the joint … [Read more...] about Introducing Truong Thanh OJI Forest Planting Company Ltd.
Hung Nghiep Formosa Company Ltd, one of the biggest foreign invested enterprises located in Dong Nai province, on January 21st evening hosted a conference summing up 2005 and celebrating the year end ceremony. Mr. Vo Van Mot, chairperson of the provincial People's Committee attended the celebration sharing the happiness with the enterprise. With over 480 million USD of foreign investment, Formosa has become one of the largest Dong Nai based enterprises. Since the foundation of the first factory in April 2000, all subsidiaries of the enterprise have started operation by the end of 2005. Although the set target has not been reached, the company earns a total turnover of 162 million USD last year, export turnover accounted for 60%. In 2006, the company plans to continue to negotiation so that in 2006 the second turbine of the company thermo power plant will begin operation, the fabric firm No.2 will be established. The artificial fabric firm will be expanded and the BOBB firm will … [Read more...] about Hung Nghiep Formosa Company Ltd sums up its operation in 2005 and celebrates year end ceremony.
Management of consumer finance companies to be tightened HCMC – The State Bank of Vietnam (SBV) will closely monitor and inspect the operation of consumer finance companies to ensure a transparent and healthy consumer credit market. Data of SBV shows consumer credit has grown strongly in Vietnam in recent years. The total amount of consumer credit has seen a six-fold increase since 2011 to VND960 trillion (about US$42.3 billion), accounting for 15.7% of total outstanding loans, Thanh Nien newspaper reports. For finance companies alone, the total amount of consumer credit has increased 10 times since 2011 to VND74 trillion, making consumer credit the fastest growing segment with average outstanding loan growth rate of 40% per annum in the last three years. According to a report of the National Financial Supervisory Commission, consumer loans will maintain the high growth momentum in the coming time. The country’s total outstanding consumer loans in the year to end-November … [Read more...] about Management of consumer finance companies to be tightened