Vietnam's consumer finance major F88 to trade on UPCoM in Q3

F88 Investment JSC (F88), a leading consumer finance firm in Vietnam, will register its shares on the Unlisted Public Companies Market (UPCoM) in the third quarter of this year, said its leadership on Thursday.

In early May, F88 announced that the State Securities Commission of Vietnam (SSC) had affirmed its eligibility to operate as a public company under the Securities Law.

On June 12, Vietnam Securities Depository and Clearing Corporation (VSDC) issued the stock registration certificate for the firm as F88. The registered volume is 8.26 million shares, with a charter capital of VND82.6 billion ($3.17 million).

At F88’s first AGM as a public company, the leadership confirmed they are completing necessary procedures to begin trading on the UPCoM in Q3/2025. This move is seen as a crucial step in the company’s strategy to adopt best practices in corporate governance and attract long-term capital from the stock market.

They emphasized that UPCoM trading will serve as a "trial run" to better understand investor expectations and allow market participants to evaluate F88’s business model ahead of a potential initial public offering (IPO) and listing on a major exchange in the future.

Targeting 50% profit growth and boosting online lending in its first year on the stock market, F88 aims to win investor confidence with bold growth goals.

Specifically, it plans to increase its outstanding loan portfolio by 43% to VND5.24 trillion ($200.87 million). Revenue is projected to reach VND3.6 trillion ($138 million), up 33% year-on-year, and pre-tax profit is expected to rise 50% to VND673 billion ($25.8 million).

“We believe 2025 will continue to be a growth year for consumer finance, especially in the underbanked low-income segment,” said Phung Anh Tuan, chairman of F88.

To achieve these goals, the company plans to expand its retail footprint in high-potential areas while optimizing performance at existing branches. As of end-June 2025, it had already counted 889 transaction points across Vietnam.

Additionally, F88 will accelerate growth through its online lending channels. The My F88 app will be rolled out nationwide, leveraging technology to streamline operations, enhance customer service, shorten processing times, and improve the self-service experience.

The CEO shared that the company is focusing on optimizing in-store operations while also reaching new customers through digital platforms. My F88 - Vietnam’s first and only integrated digital financial application in the pawn loan sector - offers services such as insurance, installment payments, and personal credit.

This digital transformation positions F88 as a pioneer in alternative digital finance, providing fast, transparent and accessible funding solutions.

Expanding collaboration with financial partners in addition to expanding its core pawn lending business tailored to low-income customers, F88 will also promote insurance distribution in cooperation with major partners such as BMI, PVI, and BSH.

“We’re not just providing basic credit products, but a full range of financial services and utilities,” noted chairman Phung Anh Tuan.

To support comprehensive growth, F88 is also working to expand partnerships with capital sponsors and insurance companies, aiming to lower capital mobilization costs.

F88 recentlt launched its “888 Digital Finance Store”, designed like a mini-bank branch, offering a variety of financial services. This new store format focuses on three main service groups: car title loans, personal insurance distribution, and basic retail banking services in collaboration with Military Bank (MB).

F88 recorded after-tax profit of VND351 billion ($13.73 million) in 2024, an all-time high. Its total revenue last year hit VND3,347 billion ($130.92 million), up by over 23.2% compared to 2023.