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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
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Ho Chi Minh City
Tuesday, July 15, 2025

AEON acquires SeABank’s stake in finance firm

The Saigon Times

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HCMC – AEON Financial Service, a unit of AEON Group, has acquired SeAbank’s stake in Post and Telecommunication Finance Company Limited (PTF) for VND4,300 billion.

SeABank signed a contract to transfer its entire charter capital in PTF to AEON Financial Service, a subsidiary of AEON Group, a leading Japanese retail corporation.

PTF, established in October 1998, is one of Vietnam’s firt non-bank credit institutions. In 2018, VNPT transferred all of its charter capital in PTF to SeABank.

Both parties will seek approval from the State Bank of Vietnam (SBV) and other agencies to get the deal done, according to a representative of SeABank.

AEON Financial established its commercial presence in Vietnam by founding ACS Vietnam Trading Company Limited in 2008. As of February 2023, AEON Financial had served 48 million customers using its credit services. The company reported revenue of nearly US$3.5 billion in 2022, with equity and assets exceeding US$3.1 billion and US$46.5 billion, respectively.

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