Two lucky customers attended the award ceremony: Ms. Pham Thi Tu Quyen (33 years old, from Kien Giang province) – one of the nine customers who won a Honda Vision motorcycle in the “9 Golden Days – Full of Promotions” program; and Mr. Tran Minh Sang (32 years old, from Ho Chi Minh City) – one of the ten customers who won the VND 40 million cash-back prize in the “9 Golden Weeks – Full of Promotions” program.
Over 10 Years of Choosing FE CREDIT for Quality
Arriving early at the award ceremony, Ms. Tu Quyen couldn’t hide her joy and surprise. She and her family have been loyal customers of FE CREDIT for over a decade, but this was the first time she participated in the company’s promotion and won a valuable prize.
To cater to her commuting needs in Ho Chi Minh City, in mid-June, Ms. Quyen opted for FE CREDIT’s loan package to purchase a Honda Wave Alpha motorcycle. Sharing her decision, Ms. Quyen mentioned that instead of paying a large sum upfront, she chose FE CREDIT’s loan as a suitable financial solution, helping her balance her monthly income and expenses.
“Paying for the motorcycle in installments made it much more affordable for me. I only had to pay VND 5 million upfront, and the remaining amount is conveniently spread out over monthly installments of just VND 2.9 million. This payment structure fits very well within my monthly income,” said Ms. Quyen.
FE CREDIT representative engaging in conversation with Ms. Tu Quyen to gather feedback.
At the ceremony, in addition to presenting the award to Ms. Tu Quyen, Mr. Yasuhiko Imai also shared her joy and expressed his gratitude for her trust in FE CREDIT’s services. Mr. Imai pledged to continuously improve and enhance the quality of services and introduce more attractive promotions to reciprocate the trust and support of Ms. Quyen and all valued customers.
“Through our motorcycle loan products and promotional programs, we aim to provide the best conditions for Ms. Quyen and all FE CREDIT customers to achieve their personal goals without worrying too much about financial constraints,” expressed Mr. Yasuhiko Imai.
Luck Smiles on a First-Time FE CREDIT User
Sharing the same joyful sentiment, Mr. Tran Minh Sang – the lucky customer who won the VND 40 million cash-back prize – revealed that he had long desired to own a SH-model scooter. When he learned about FE CREDIT’s promotion offering a 0% interest rate on SH scooter purchases, he immediately seized the opportunity to buy his dream vehicle.
“I chose to pay about 60% upfront, and for the remaining amount, I opted for FE CREDIT’s motorcycle loan package. With no interest burden, I felt very comfortable, and my monthly installments are just over VND 2.5 million. Now, I’ve also won a VND 40 million cash-back prize, which is fantastic,” exclaimed Mr. Sang excitedly.
FE CREDIT representative presenting the award to Mr. Tran Minh Sang, the lucky customer of the “9 Golden Weeks – Full of Promotions” program.
Mr. Sang added that this was his first time using FE CREDIT’s services. After acquiring his desired scooter, he also introduced the program to other family members. “I am very satisfied with this loan package, and I will definitely continue to use FE CREDIT in the future whenever I have a need,” shared Mr. Minh Sang.
Amid economic challenges, when consumers are more cautious about significant expenses, FE CREDIT stands out as a prominent name in the consumer finance industry by choosing to go against the grain and introducing a series of low-interest and 0% interest loan programs to stimulate the market.
FE CREDIT’s motorcycle loan product is highly regarded by customers for its professionalism and attentive service.
“For many Vietnamese, a motorcycle remains a preferred and affordable means of transportation. We believe that helping people acquire their own vehicles is essential in providing them with more job opportunities and access to education and healthcare, especially for children. Therefore, we firmly believe that FE CREDIT can better serve the people of Vietnam by making our products more accessible through simple and attractive financial solutions, thus enabling customers to purchase motorcycles with ease,” affirmed Mr. Yasuhiko Imai.
Following the award ceremony at Hoa Binh Minh Authorized Dealer in Dong Nai province, FE CREDIT has been continuously organizing similar events in various provinces across the country, including Bac Giang, Bac Ninh, Hung Yen, Hue, Lam Dong, Tay Ninh, and more.
How is FE Credit doing in 2023?
According to MBS, in the cumulative year of 2023, FE Credit achieved operating income of 17,756 billion VND, a decrease of 13.8% compared to 2022, and a pre-tax loss of 3,529 billion VND. However, the financial company has recorded a positive pre-tax profit in two consecutive quarters and the asset quality shows signs of bottoming out.
How is FE Credit doing business?
In the context of the consumer finance market facing difficulties, especially from the increasingly high and complicated bad debt situation, FE Credit’s business results continued to decline when reporting negative profits.
