Business Daily Media

Men's Weekly

.

F88 officially becomes a public company, paving the way for UPCOM listing

HANOI, VIETNAM - Media OutReach Newswire - 8 May 2025 - On May 6, F88 Investment Joint Stock Company (F88) was officially recognised as a public company, marking a major milestone in its growth and bringing the firm closer to its long-term goal of being listed on the stock exchange.



An F88 pawn shop in Hà Nội. F88 is now eligible to become the first alternative financial services provider to move towards a listing on Việt Nam
An F88 pawn shop in Hà Nội. F88 is now eligible to become the first alternative financial services provider to move towards a listing on Việt Nam's stock market. Photo courtesy of F88

This transition signals a new chapter in the company's sustainable development, underpinned by higher standards of corporate governance and transparency.

The State Securities Commission (SSC) confirmed that F88 has fulfilled the requirements to become a public company in accordance with the Securities Law. Per regulations, companies recognised as public must register for UPCOM trading within 30 days. With this approval, F88 shares are now eligible to trade as the first alternative financial services provider on the UPCOM platform, targeting unbanked customers and moving towards a listing on Hồ Chí Minh City Stock Exchange (HOSE).

Alternative finance refers to financial services offered outside the traditional banking and finance system, such as peer-to-peer lending and microfinance.

"Becoming a public company is a critical milestone in our development roadmap as we move towards UPCOM registration," said Phùng Anh Tuấn, founder and chairman of F88.

"It affirms our ongoing efforts to improve transparency and standardise corporate governance in line with international benchmarks. This also sets a strong foundation for our future listing on the Hồ Chí Minh Stock Exchange (HOSE), as we strive to create long-term value for both our mass-market customers and shareholders."

Tuấn said that this milestone not only reflects the company's internal progress, but also represents the growing recognition of Việt Nam's alternative finance sector, as F88's business model has successfully met the stringent criteria set by the SSC and is now poised to be welcomed by public investors.

Backed by reputable foreign investors including Mekong Capital, Việt Nam Oman Investment (a joint venture between the Government of Oman's State General Reserve Fund and Việt Nam's State Capital Investment Corporation) and Granite Oak, F88 has expanded to nearly 900 branches nationwide since its founding in 2013.

The company's core business is centred on inclusive financial services — offering loans, insurance and banking products to individuals who have limited access to traditional financial institutions.

In the first quarter of 2025, F88 disbursed over VNĐ3.28 trillion, a 25 per cent year-on-year increase. Revenue rose by 21.5 per cent while pre-tax profit surged by 204.1 per cent compared to the same period last year.

F88 aims to become a leading retail financial group in Việt Nam, reshaping how the population accesses financial services. The company envisions a future where every Vietnamese citizen can engage with formal, transparent financial products that support a better quality of life.

"To realise that vision, we must attract more capital from investors and financial institutions by adopting higher standards in governance, operations and finance," Tuấn said. "Becoming a public company and listing on the stock exchange is a key step toward achieving that goal."

In addition to its long-term partners, F88 is currently working with new domestic and international lenders to diversify its funding sources in 2025. The company has also rolled out detailed strategies for each business segment, aligned with its broader strategic vision and sustainability goals.

F88 plans to leverage technology to digitise operations, streamline service delivery and ensure safe, efficient handling of millions of transactions. This year, the company targets revenue growth of over 40 per cent and aims to increase its customer base by more than 30 per cent.


Hashtag: #F88


The issuer is solely responsible for the content of this announcement.

About F88

Founded in 2013, F88 is Việt Nam's leading retail finance chain in the alternative finance sector, focusing on inclusive financial services such as lending, insurance distribution and banking products. The company primarily serves customers who lack access to conventional banking and credit services. As of early May 2025, F88 operates 888 branches across the country.

F88 has gained widespread recognition for its performance and workplace culture, including being named one of Asia's Best Workplaces by Great Place to Work. It is also the first and only alternative finance company in Việt Nam to receive the Client Protection Certificate — a global standard for safeguarding financial consumers.

In April 2025, local credit rating agency FiinRatings upgraded F88's credit outlook from "Stable" to "Positive", citing improvements in asset quality and the company's continued market leadership.


News from Asia

Cushman & Wakefield and Corenet Global Release New Survey Results On "What Occupiers Want"

Cost remains king, but talent, flexibility, and service are reshaping real estate strategy globally HONG KONG SAR - Media OutReach Newswire - 2 July 2025 - Cushman & Wakefield (NYSE: CWK), in ...

Chubb Life Hong Kong Launches Chubb 1792 Club: A New Era in Tailored Wealth Management Services

With a legacy of excellence, expertise, and a bold vision, Chubb Life HK is meeting rising demand for sophisticated, future-focused financial planning through bespoke legacy and wealth solutions HO...

Octa broker's take on the upcoming NFP report

KUALA LUMPUR - Media OutReach Newswire - 2 July 2025 - This Thursday at 12:30 p.m. UTC, the U.S. Bureau of Labor Statistics will release its highly anticipated Nonfarm Payroll (NFP) report...

OneMagnify India earns Best Place to Work certification for the fourth consecutive year

CHENNAI, INDIA - Media OutReach Newswire - 2 July 2025 - OneMagnify, a global leader in marketing, data, and technology solutions, has once again been recognized as a Best Place to Work in India ...

BeauEver Secures NZ Prime Minister’s Support in Historic China Summit to Accelerate Global Skincare Expansion

SHANGHAI, CHINA - Media OutReach Newswire - 2 July 2025 - At the 2025 China–New Zealand Trade Innovation Summit, New Zealand Prime Minister, the Right Hon. Christopher Luxon, witnessed the officia...

Central Europe Technologies recognized as one of the Best Places to Work in Romania for 2025

BUCHAREST, ROMANIA - Media OutReach Newswire - 2 July 2025 – Central Europe Technologies has been officially recognized as one of the Best Places to Work in Romania for 2025. Central Europe Techno...

CDNetworks Selected as Strategic Partner by Petrolimex Aviation to Bolster Cybersecurity with AI-Powered Cloud Platform

SINGAPORE - Media OutReach Newswire - 3 July 2025 - CDNetworks, the APAC-leading network to deliver edge as a service, today announced that Petrolimex Aviation, a major provider of aviation fuel...

Trade Crypto Without Purchasing It: Octa Broker About Crypto-CFDs

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 3 July 2025 - Crypto volatility poses both potentially spectacular possibilities and enormous risks. For example, by investing in crypto assets o...

Tia Lee Graces the Cover of ELLE Malaysia: A Journey of Empowerment, Evolution, and Expression

HONG KONG SAR - Media OutReach Newswire - 3 July 2025 - Global fashion and music icon Tia Lee (Lee Yu Fen) takes center stage on the cover of ELLE Malaysia, where she reflects on her multifaceted ...

Porsche Design Tower Bangkok Offers a Culinary Voyage into Iconic Living

STUTTGART, GERMANY / HONG KONG SAR - Media OutReach Newswire - 25 June 2025 - Porsche Design Tower Bangkok hosted an exclusive dinner event in a private estate villa in Hong Kong, offering esteeme...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

The Next Generation of Maritime Sustainable Solutions

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

THE FINE LINE WITHIN HILARIOUS SIGNAGE DESIGN FAILS

It seems like design failures still occur in today’s modern branding era, despite rigorous rounds of approvals behind the scenes. One signage show...

Deputy Announces Exclusive Global Partnership with Predelo to Bring AI to Shift-Based Businesses

Deputy, the global people platform for shift-based businesses, has announced an exclusive partnership with Predelo, an AI Decision Agent-as-a-Serv...

Sell by LayBy