Lotte Finance expands operations with financial leasing approval

Lotte Finance has been granted permission by the State Bank of Vietnam to transition from a specialized finance company to a general finance company. As part of this restructuring, the company's name has been updated to Lotte Vietnam General Finance Company Limited (LOTTE FINANCE).

The amendment to its operating license also includes the addition of financial leasing to its permitted activities. This expansion allows the company to diversify its portfolio beyond existing services such as consumer loans, credit cards, and auto loans. LOTTE FINANCE intends to use this new capacity to serve reputable businesses and explore financial solutions for electric vehicle projects, aligning with green transition trends.