Officially appeared in Vietnam in the late 1990s, financial leasing has gradually proven its importance to small and medium-sized enterprises and large enterprises which are in the process of rapid development with increasing capital demand. Despite having around 20 years of development in Vietnam, financial leasing is not as strongly and rapidly developed as was expected.
The operating scale of financial leasing companies is still quite limited. At the beginning of 2020, the total outstanding loan for finance leasing was about 90,000 billion VND - a relatively small scale compared to the scale of the system of credit institutions. The size of the financial leasing market in Vietnam is still quite small, so there is a huge potential and room for the development of the market in the near future.
As of June 30, 2021, there are ten leasing companies operating in Vietnam, as published by the State Bank of Vietnam. The details of said companies are as follow.
VietinBank Leasing Company Limited was established under Decision No. 53/1998/QD-NHNN5 of the Governor of the State Bank of Vietnam dated January 26, 1998. Vietinbank Leasing is granted 100% charter capital by Vietnam Joint Stock Commercial Bank for Industry and Trade and has financial autonomy. With the current charter capital of 1000 billion VND, VietinBank Leasing carries out activities in the field of financial leasing and other business activities in accordance with the provisions of law.
As an independent company under Vietnam Joint Stock Commercial Bank for Industry and Trade, it has many advantages brought from the parent bank's brand VietinBank such as strong financial potential, a nationwide network of branches.
Vietcombank Financial Leasing Company Limited (VCBL) was founded in 1998. The Company is an independent accounting member of the Joint Stock Commercial Bank for Foreign Trade of Vietnam. Its charter capital as of June 2021 was 500 billion VND.
Inheriting strengths in capital and technology from the parent bank, VCBL always strives to meet the investment needs of businesses and individuals who need to equip and innovate equipment and at the same time want to optimize efficient use of capital.
Asia Commercial Bank Leasing Company Limited (ACB Leasing) is a non-banking credit institution, supported by 100% capital directly from Asia Commercial Joint Stock Bank (ACB). As of June 30, 2021, the charter capital of the company is 500 billion VND.
As the first leasing company in the joint-stock banking sector, Sacombank Leasing Limited Company (Sacombank – SBL) initially joined the leasing market when the concept of financial leasing was not commonly known in Vietnam.
Sacombank – SBL was established in 2006 with the initial charter capital of 100 billion VND. After ten years of operation, until now, its charter capital was increased up to 300 billion VND. Sacombank - SBL is being trusted by many clients and partners thanks to its leasing service quality in Vietnam.
Chailease International Leasing Co., Ltd. (CILC) is a wholly-owned subsidiary of Chailease Finance Co., Ltd., which is a leading leasing company in Taiwan with more than 40 years of experience and having overseas operations in China, Taiwan, Asia Pacific, and the United States.
Under the approval from the State Bank of Vietnam in 2006, CILC started operation in Vietnam in 2007. Its charter capital as of June 2021 was 580,7 billion VND.
BIDV - Sumi Trust Leasing Company Limited (BSL) is one of the leading financial leasing companies in Vietnam. As of June 2021, its charter capital was 895,6 billion VND.
BSL possesses strong financial potential with strong support from strategic shareholders that are two leading banks in Japan and Vietnam: Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and Sumitomo Mitsui Trust Bank.
VINASHIN Finance Leasing Company Limited is a part of the Vietnam Shipbuilding Finance Company. As of June 30, 2021, its charter capital was 300 billion VND.
Vietnam International Leasing Company Limited engages in supplying financial leasing services for industrial, construction, transportation, office, medical, auto mechanic equipment. As of June 30, 2021, its charter capital was 350 billion VND.
Agribank operated two leasing companies, the Agribank No.1 Leasing Company and Agribank No.2 Leasing Company. However, as of June 30, 2021, only the Agribank No.1 Leasing Company remained on the list published by the State Bank of Vietnam, with a charter capital of 200 billion VND.
Kexim Vietnam Leasing Company was established in 1996, located in Ho Chi Minh City. As of June 30, 2021, its charter capital was 1,085.311 billion VND.
Compiled by VietnamCredit