HOME CREDIT VIETNAM
“ There has been quite a sustainable stream of profitability generated from delivering financial inclusion and from our relationship with clients ,” says Khang .
“ The steady stream of profits we generate has allowed us to be on the market 15 years later at the scale we have achieved , and we have been able to grow sustainably , which in turn allows us to offer clients the most sustainable solutions for them .”
A self-perpetuating relationship for good , Home Credit Vietnam has taken advantage of its strong track record for sustainable finance by being one of the first financial institutions in Vietnam to deliver ESG reporting , so it can track how to best reach its ever-loftier sustainable aims .
“ There are many diverse ways to address sustainability ,” adds Khang . “ You could focus on green financing , project financing and initiatives to reduce your environmental impact globally , but the best way is to start at the bottom of the ladder .
“ In Vietnam , delivering inclusion is the first step to delivering higher aims in sustainable finance . This helps to build a strong economic cycle to deliver on higher sustainable aims , like green financing .
“ Economic growth comes from consumption , so for us , it is about onboarding as much as the population so we can achieve our sustainable goals . It ’ s not just important for us , but from a governmental perspective and the Central Bank of Vietnam too .
“ It ’ s our role to deliver this to customers and our responsibility to make sure clients know their role in achieving economic growth . One way in which we do this is that our diverse workforce heads out into underserved communities and volunteers , handing out toys to young children and really connecting with the wider population .”
“ OUR HOME FOR LIFE INITIATIVE GIVES 0 % INTEREST LOANS TO DISADVANTAGED WOMEN TO EMPOWER THEM TO TAKE OWNERSHIP OF OPPORTUNITIES IN LIFE ”
KHANG PHAM NGOC CHIEF FINANCIAL OFFICER , HOME CREDIT VIETNAM
106 March 2024