F88 named among Best Managed Companies 2025 by Deloitte

Vietnam’s consumer finance major F88 has been recognized by Deloitte as one of the “Vietnam Best Managed Companies 2025”, meeting international governance standards.

The award, part of Deloitte’s global Best Managed Companies program operating in 48 countries and territories, evaluates firms on strategy, operational capability, financial performance, risk governance, and sustainability.

Candidates are assessed by an independent panel comprising senior governance experts and independent business leaders.

Deloitte said F88 passed all assessment rounds thanks to its strengthened governance framework and consistent large-scale operations. The company provided comprehensive data on risk controls, quality governance, operations and technology, allowing judges to gain a full view of its internal processes.

Pham Dinh Huynh, head of Deloitte Private Vietnam, said F88 operates in alternative finance, a sector requiring strong risk management, and has developed an efficient and transparent operating model that helps individuals access safe and legal credit.

F88 deputy CEO Pham Tran Long said the recognition marks a milestone in the company’s multi-year effort to upgrade governance, standardize operations, and expand the use of technology. "We aim for a transparent, sustainable, and affordable financial model that creates long-term value for customers, partners, and the market."

Strong financial performance following UPCoM debut

F88, which debuted on the unlisted public companies market UPCoM in August, posted Q3/2025 pre-tax profit of VND282 billion ($10.69 million), double a year earlier.

Nine-month profit reached VND603 billion ($22.86 million), or about 90% of its full-year target.

Its loan book rose 40% from the start of the year to VND6.41 trillion ($243.2 million), while nine-month disbursements increased 80% to VND11.77 trillion.

The company attracted about 70,700 new borrowers in Q3, with returning customers accounting for over 68% of total transactions.

The company said it maintained low bad-debt ratios and reduced its cost-to-income ratio to around 49% in Q3 due to improved operational efficiency and greater use of technology in customer service, credit scoring, and risk monitoring.

Analysts said the results were positive for an alternative finance firm, a sector requiring strict risk controls and lean operations across hundreds of branches.

Expansion plans

With more than 900 outlets nationwide, F88 aims to expand its data-driven secured lending model and serve underbanked customers. The company said it will continue investing in technology, improving governance, and enhancing transparency as it scales up.

The Deloitte award, together with its financial results, is expected to strengthen investor and partner confidence as F88 embarks on its next growth phase.