“I heard that bank credit cards allow you to withdraw money anytime, borrowing as much as you need and paying interest accordingly. However, you must receive your monthly salary through a bank account and have an employment contract to qualify for a card. That’s a problem for me—I’m a manual laborer, paid weekly in cash,” shared Trung (41), a welder at a small iron workshop in Dong Nai, as he began his story.
Trung’s family has been renting for 10 years. His wife works from home as a garment worker, and their two young children often fall ill. Aside from their motorcycle, they own nothing of significant value. Whenever the children get sick or his salary is delayed, Trung feels overwhelmed, even resorting to borrowing from rotating credit groups, only to struggle with debt repayment for months. During those times, he desperately wished for a small, flexible loan. “I’m grateful when they lend me money, but some require me to take it all at once and start accruing interest immediately, which worries me. I fear spending it recklessly and not having enough when I truly need it, yet still having to pay interest. Other lenders offer partial disbursements, but I’d have to reapply each time, which is inconvenient and time-consuming. Working at the workshop, I can’t just leave whenever I want, and by the time I finish, they’re already closed,” he explained. Three months ago, when his child had a seizure and needed hospitalization, he had only 1 million VND left. His wife, holding their child, could only cry in despair…
But life has become easier now. Partly because Trung received a raise to 300,000 VND per day, and partly because he found a suitable loan solution. “When my younger brother got married back home, my family needed an additional 3 million VND for the wedding gifts. I withdrew the money instantly. It was still a loan, but having immediate access made it feel different. My parents thought I was doing well financially and were overjoyed, as if their health improved. As a son, it felt like a way to honor them!” Trung recounted enthusiastically.
According to Trung, the ideal financial solution is the Revolving Credit Limit package from F88. For him, the package stands out due to its lenient eligibility requirements—no income verification needed—and a straightforward application process via the My F88 app. He only had to visit the store once to submit his vehicle documents. Most impressively, a pre-approved credit limit is available in his My F88 account, allowing him to withdraw funds in multiple installments instantly. Interest is calculated only on the amount withdrawn, not the total credit limit.
“My motorcycle qualified for a 20 million VND limit,” he said, pointing to his bike. “When I went home, I withdrew 7 million VND, then another 3 million VND later. So, I only borrowed 10 million VND and paid interest on that amount. The remaining 10 million VND stays in my account for future needs. This approach gives me greater control over my finances, like having an emergency fund!” he concluded.
People like Trung are part of the informal workforce. According to the General Statistics Office, in Q4/2024, Vietnam had 33.2 million such workers. They share common challenges: unstable jobs, no employment contracts, low income, lack of insurance and benefits, and difficulty accessing bank loans. As a result, they often turn to alternative lending options like pawnshops, buy-now-pay-later schemes, peer-to-peer lending, or short-term loans…
F88 offers pawn loans for motorcycles and privately owned cars, allowing customers to retain vehicle usage while holding only the original registration. For convenience, F88 provides a travel permit confirming vehicle ownership, similar to how banks issue permits for auto loan customers.
My F88, a mobile app developed by F88, offers not only the Revolving Credit Limit package but also other loan options like 6x Salary Loans and Supplemental Credit Limits. According to F88, within 9 months of launch, over 251,500 customers registered for My F88, with 346,579 e-contracts signed and 990 billion VND disbursed through the app. These figures highlight the demand for small, fast, and transparent loans among low-income workers. F88’s leadership believes My F88 is a pivotal step in digitizing lending operations and expanding financial access to this underserved demographic.
– 09:52 31/10/2025
F88 Upgraded to “BBB” Credit Rating by FiinRatings with Stable Outlook
F88 has recently received an upgraded credit rating from FiinRatings, rising from “BBB-” to “BBB” with a “Stable” outlook. This enhancement reflects F88’s strengthened capital mobilization capabilities and improved liquidity position.
FiinRatings Upgrades F88’s Credit Rating on Enhanced Capital Mobilization and Liquidity
F88 has recently received an upgraded credit rating from FiinRatings, rising from “BBB-” to “BBB” with a “Stable” outlook. This enhancement reflects F88’s strengthened capital mobilization capabilities and improved liquidity position.
F88 Surges Ahead in Q3, Achieving 90% of 2025 Annual Profit Target
On October 20th, F88 Investment Joint Stock Company announced its remarkable Q3-2025 business results, boasting a pre-tax profit of VND 282 billion, doubling the figure from the same period last year.
F88 Surges Ahead in Q3, Achieving 90% of 2025 Annual Profit Target
F88 Investment Corporation (F88) has unveiled remarkable Q3/2025 financial results, reporting pre-tax profits of VND 282 billion, doubling the figure from the same period last year. In the first nine months of 2025, F88’s cumulative profit reached VND 603 billion, a 2.5-fold increase year-on-year.
The Big Payday: F88’s Profit Punch-Out with Thai Pawnshop Giants.
The capitalization and asset size of F88 pales in comparison to the two Thai giants. With total assets over 14 times that of F88, both Ngern Tid Lor and Srisawad tower over their smaller rival.
