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Thailand’s SCB X acquires Home Credit Vietnam for USD860m



SCB X, Thailand’s leading financial group, has announced its acquisition of Home Credit’s business in Vietnam for approximately USD860m, aiming to expand its regional presence. The purchase, set to complete in the first half of the next year pending regulatory approval, represents SCB X’s strategic move into the Vietnamese consumer finance market. This acquisition is expected to give SCB X a 14% share of Vietnam’s consumer finance sector, adding 15 million customers and 14,000 point-of-sale locations. The move aligns with SCB X’s ambition to become a top regional fintech group, promising long-term shareholder value.

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