The meeting was also attended by members of the Executive Board and representatives of Club members; leaders of some units under the Standing Office of the Vietnam Banks Association...
Speaking at the meeting, Vice Chairman cum General Secretary of the Vietnam Banks Association Nguyen Quoc Hung assessed that the consumer finance sector has both potential and room for strong development but also faces many challenges. Consumer lending activities are mainly aimed at customers without collateral, providing financial assistance to disadvantaged groups in society to bring a better and more fulfilling life to this group. Therefore, the financial companies that are members of the Club need to have appropriate solutions in developing loans as well as debt collection, need to aim for healthy development, and manage bad debt risks. At the same time, the Consumer Finance Club needs to reorganize its activities and develop a work program in the coming time to support members to operate more effectively and sustainably.
Vice Chairman cum General Secretary of the Vietnam Banks Association Nguyen Quoc Hung
Dr. Nguyen Quoc Hung suggested that the Club's Executive Board should proactively assess the current situation, clearly state the difficulties and obstacles to have appropriate and flexible solutions. Club members need to be more active in common activities to support the Club's Executive Board to successfully complete its tasks and work plans.
Dr. Nguyen Quoc Hung also noted that in the coming time, the Consumer Finance Club needs to research and discuss the development of a set of rules on lending and debt collection to unify the activities of its members.
Regarding the personnel of the Club's Executive Board for the next term, the Vice President and General Secretary noted that it is necessary to select suitable people who are responsible and dedicated to the activities of the Club as well as the consumer finance sector. In addition, the Executive Board needs to study and amend the operating regulations so that the Club can operate more effectively and attract a large number of members to participate.
At the meeting, Mr. Nguyen Dinh Duc, Deputy Chairman of the Club, Deputy General Director and Director of Hanoi Branch, HD Saison Finance Company Limited, said that after experiencing difficulties, the consumer finance market in 2025 is assessed to be entering a new growth cycle, supported by positive signs from the macroeconomic environment. Consumer finance companies need to seize opportunities, opportunities, analyze and assess risks as well as clearly demonstrate their roles and responsibilities to society. According to Mr. Duc, each member finance company of the Club has specific operating characteristics depending on business requirements, so it is necessary to orient the activities of the Club to create an environment of cooperation and sustainable development. Club members need to actively exchange and share information with each other, find solutions to overcome difficulties, and make recommendations to management agencies to resolve existing problems. From there, develop a healthy consumer finance market, comply with legal regulations and bring consumer lending activities to a new level to bring long-term benefits to both financial companies and the community.
Mr. Nguyen Dinh Duc, Vice Chairman of the Club, Deputy General Director cum Director of Hanoi Branch, HD Saison Finance Company Limited
Mr. Duc also said that the assessments of the General Secretary of the Vietnam Banks Association Nguyen Quoc Hung were very comprehensive about the consumer finance market as well as the activities of the Club. He said that in the coming time, the Club's Board of Directors will make more efforts, build specific action programs to promote activities.
At the meeting, the Club members gave their opinions and discussed to resolve common difficulties and obstacles related to the operating network, customer approach, debt collection measures and proposed some contents related to amending the legal corridor, legalizing Resolution 42-NQ/TW... At the same time, they gave their opinions on the plan for the upcoming Congress term II (2025 - 2028). Accordingly, it is expected that in April 2025, the Congress will be held and the Executive Board will be completed.
Concluding the meeting, Vice President and General Secretary Nguyen Quoc Hung requested that the Executive Board of the Club urgently develop a work plan and program for the second term of the Congress (2025-2028), as well as present a report assessing the results of the previous term and outlining the objectives for the next term.
Dr. Nguyen Quoc Hung hopes that the members of the Club will promote their advantages and join hands to develop a healthy and stable consumer finance market. Consumer finance companies must fully comply with legal regulations to ensure their operations are safe and effective. The Banking Association always accompanies the Club's Board of Directors and members to protect the rights and legitimate interests of members.
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