Aeon Financial Services, part of Japan’s Aeon Group, has acquired Vietnam’s Post and Telecommunications Finance Company (PTF). dam Approximately 170 million USD, DealStreetAsia reported.
The transaction is worth VND4.3 trillion and was approved by the State Bank of Vietnam (SBV), with Aeon Financial becoming the sole owner of PTF.
The acquisition took more than a year to complete. agreement was signedconsistent with SeABank’s strategy to rebuild its capital base.
Following the sale, the bank aims to strengthen its financial capabilities, invest in technology and expand its operations.
Established in 1998 as part of the state-run VNPT, PTF is one of Vietnam’s first non-bank credit institutions.
VNPT sold its business to SeABank in 2018 and subsequently changed control again through this transaction.
Aeon Financial, a leading company in the Japanese financial services sector, has been operating in Vietnam since 2008 through ACS Vietnam Trading Company Limited.
Its services include installment-based consumer financing in collaboration with retailers.
Vietnam’s consumer finance market is attracting increasing interest from international companies.
With only 16 financial companies licensed by the SBV, market entry opportunities are limited.
Notable sales include: SCBX acquires Home Credit Vietnam for USD 896 millionscheduled to close by mid-2025, and Ayutthaya Public Limited Bank. acquisition In 2024, it will acquire the remaining 50% stake in SHB Finance.
VPBank also sold 49% of its FE credit division to Japan’s Sumitomo Mitsui Financial Group in 2021.
