EVNFinance

What EVNFinance does

EVNFinance (Công ty Tài chính Tổng hợp Cổ phần Điện lực / EVF) is a non-bank financial institution headquartered in Hanoi, Vietnam, founded in 2008 to serve the electricity sector and subsequently expanded into broader corporate, institutional, and retail financial services. Operating as Vietnam's second-largest finance company by capital scale with registered capital of 7,042 billion VND (~USD 282M) in 2024 (set to grow to over 7,680 billion VND via an 8% stock dividend and ESOP), EVF runs three branches (Hanoi, Ho Chi Minh City, Da Nang) and serves three primary customer segments: financial institutions (interbank market, FX spot/forward/swap, securities trading), enterprises (working capital loans, syndicated lending, guarantee services, term deposits, cash management, corporate bond financing, financial advisory), and individuals (preferential loans for electricity-sector employees, secured/savings-pledged loans, and Easy Credit consumer lending).

The company's product suite spans interbank operations, FX, repo, guarantee issuance (bid bonds, performance bonds, advance payment, payment, and quality assurance bonds), working capital and project finance (including rooftop solar), term deposits in VND/USD/EUR, automatic cash flow management, corporate bond financing and underwriting, financial advisory (M&A, strategic investor matching, equity divestment), and a digital consumer lending platform branded Easy Credit distributed via partnerships with BNPL providers Fundiin and Viettel Money and salary-advance fintech Gimo. Underlying technology includes an ISO 27001-certified information security management system, digital lending rails for Easy Credit, and a fintech partner distribution layer for retail credit.

Revenue is generated primarily through interest income from lending (enterprise, securities company, project finance, and consumer loans), guarantee and advisory fees, FX trading spreads, securities and repo trading income, and corporate bond investment returns. Deposit pricing is published transparently on the website (VND term deposits from 0.50%/year sub-1-month to 8.50%/year for the 13-month tier above 1 trillion VND; minimums of 5M VND / 500 USD / 500 EUR). The go-to-market model is sales-led through direct enterprise and institutional coverage at the three branches, supplemented by digital self-serve (easycredit.vn) and fintech partner channels for consumer lending.

Name

EVNFinance

Legal name

Công ty Tài chính Tổng hợp Cổ phần Điện lực

Website

https://evnfc.vn

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

501–1,000 employees

Short description

EVF is a Hanoi-headquartered, non-bank financial institution — Vietnam's second-largest finance company by capital — that provides credit, guarantees, FX, bond financing, and consumer lending to electricity-sector employees, enterprises, financial institutions, and retail borrowers via three branches and digital channels.

Ownership category

akta.pro rank

Product category

Non-bank Financial Services

NAICS

Finance and Insurance (52), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Depository Credit Intermediation (5221)

SIC

Finance Services (6199), Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

akta.pro secondary industries

Asset-Based Lending (ABL) (FSANADAD), Direct Lending — Asset-Based Lending (ABL) (FSAHAJAE)

Keywords

• Consumer lending
• Corporate credit
• Interbank trading
• Green bonds
• Financial advisory

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income from Lending: EVF earns interest income from providing credit to enterprises (working capital loans, project finance for solar rooftops, securities company loans, syndicated lending) and individuals (secured loans, pledge loans against savings books, discounted instruments, preferential loans for EVN staff)
2. Guarantee Fees: Revenue from guarantee services including bid bonds, performance bonds, loan guarantees, advance payment refund guarantees, payment guarantees, and quality assurance bonds for enterprise customers
3. Foreign Exchange Trading: Revenue from spot, forward, and swap foreign exchange transactions conducted with financial institutions and economic organizations in the interbank market
4. Securities Trading and Repo: Income from buying and selling securities and repo transactions with other credit institutions, including outright and repurchase transactions
5. Bond Investment and Financial Cooperation: Revenue from corporate bond financing for customers seeking diversified fixed-income portfolios; financial product cooperation with partners
6. Time Deposits and Cash Management: Interest expense income from taking VND, USD, EUR time deposits from enterprises, with automatic time deposit and cash flow management products
7. Bond Underwriting and Trading: Capital financing for corporate bonds, supporting enterprise customers' investment portfolios with predetermined cash flow timing

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

EVNFinance (EVF) is a Vietnam-based non-bank credit institution that provides credit, guarantee, deposit, foreign exchange, securities, bond investment, and financial advisory services to financial institutions, enterprises, and individual customers. Offerings span interbank money market operations, working capital and syndicated lending, rooftop solar project finance, guarantee bonds, auto term deposits, cash flow management, corporate bond investment, M&A and divestment advisory, and consumer lending (including the Easy Credit digital platform and BNPL partnerships with Fundiin and Viettel Money).

Product overview

EVNFinance (Công ty Tài chính Tổng hợp Cổ phần Điện lực) is a non-bank financial institution offering a comprehensive suite of financial products and services across three main segments: Financial Institution Services (interbank operations, forex trading, securities), Enterprise Services (guarantees, working capital loans, syndicated loans, solar financing, term deposits, cash management, bond investment, advisory), and Individual Services (preferential employee loans, secured loans, savings-pledged loans, discounting, Easy Credit consumer lending). The company operates as a unified financial services platform with products designed for both institutional and retail customers, anchored to Vietnam's power/energy sector while expanding into green finance and sustainable investments.

Differentiator

Problem solved

Functional benefit

Brands

• Easy Credit: Consumer lending product offered by EVF, with its own dedicated website at easycredit.vn.

Products and services

• Financial Institution Services (Định chế tài chính) Interbank money market services for credit institutions, including interbank lending and deposits (cho vay/gửi tiền), spot foreign exchange, FX swaps and forwards, and securities trading (outright and repo). Serves Vietnamese banks and financial institutions as counterparties.
• Guarantee Services (Dịch vụ bảo lãnh) Guarantee services for enterprise customers covering bid bonds, performance bonds, loan guarantees, advance payment refund guarantees, payment guarantees, and quality assurance bonds. Designed to support enterprises in bidding, contracting, and procurement processes.
• Working Capital Loans (Cho vay vốn lưu động) Short-term working capital financing for businesses to fund procurement of materials, goods, raw materials, and other operational costs. Offered to enterprise customers across sectors.
• Syndicated Loans (Cho vay đồng tài trợ) Joint financing arrangements structured with co-lenders for business projects and operational plans of enterprise customers.
• Solar Rooftop Project Loans (Cho vay dự án điện mặt trời áp mái) Project finance specifically for rooftop solar panel installations, supporting developers and investors in renewable energy projects, including women-led SMEs.
• Securities Company Loans (Cho vay công ty chứng khoán) Working capital financing for Vietnamese securities companies to support trading of Government bonds, Government-guaranteed bonds, and bonds issued by credit institutions.
• Term Deposits (Tiền gửi có kỳ hạn) Term deposits in VND, USD and EUR for enterprise and individual customers, terms 1-36 months, minimum 5 million VND / 500 USD / 500 EUR, with tiered rates by tenor and currency.
• Auto Term Deposits (Tiền gửi có kỳ hạn tự động) Automatic term deposit product combining term deposits with cash flow management, automatically transferring excess balances above minimum thresholds from the customer's current account into interest-bearing deposits.
• Cash Flow Management (Quản lý dòng tiền) Cash management service where excess balances above agreed thresholds from enterprise customers' current accounts are pooled to EVF's central account for efficient fund utilization.
• Corporate Bond Investment / Financing (Tài trợ vốn trái phiếu doanh nghiệp) Investment in corporate and government bonds providing diversified fixed-income exposure with predetermined future cash flows; minimum investment multiples of 1 billion VND per transaction for legal entity customers seeking yield diversification.
• Financial Product Partnership (Hợp tác kinh doanh các sản phẩm tài chính) Partnership arrangements for distribution of financial products including government bonds, corporate bonds, stocks, deposit certificates, and other instruments, enabling customers to access diversified investment opportunities via EVF.
• Financial Investment Advisory (Tư vấn đầu tư tài chính) Advisory services for large enterprises including buy-side and sell-side M&A advisory, strategic investor search, market expansion support, and equity divestment advisory.
• Preferential Loans for Power Sector Employees (Cho vay ưu đãi CBNV ngành điện) Preferential consumer loans for staff of EVN and member electricity companies, supporting home purchase, home construction/repair, and car purchases with competitive rates and flexible repayment terms.
• Secured Consumer Loans (Cho vay có tài sản đảm bảo) Installment loans for individuals using property or savings books as collateral, for home purchase/renovation, household items, education, and working capital.
• Savings-Pledged Loans (Cho vay cầm cố sổ tiết kiệm) Personal loans using savings books or deposit balances as collateral, allowing borrowing up to 100% of savings balance, offered to individual customers.
• Negotiable Instrument Discounting (Cho vay chiết khấu chứng từ có giá cá nhân) Discounting of negotiable instruments providing individuals with capital access while avoiding early withdrawal losses and exchange rate risks.
• Easy Credit Consumer Lending (Vay tiêu dùng Easy Credit) Digital consumer lending product with quick approval and streamlined procedures, distributed via the Easy Credit dedicated website (easycredit.vn) and BNPL/salary-advance partnerships with Fundiin, Viettel Money, and Gimo.
• EVNFinance Green Bond Green bond instrument issued at 1,725 billion VND (~75 million USD), partially guaranteed by GuarantCo, certified under ICMA Green Bond Principles, used to fund green energy and renewable energy projects in Vietnam.

Quantifiable outcome

• NPL ratio of 0.88% (Sep 2025) and 0.83% (Q1 2026), among the lowest in the finance-banking industry
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor.

• FundiinminorChannel Partner/ Reseller/ Distributor · 1 January 2025Fundiin, a leading BNPL fintech platform in Vietnam, partnered with EVF to distribute consumer credit through buy-now-pay-later solutions, leveraging Fundiin's existing customer ecosystem to expand EVF's retail lending reach.
• Viettel MoneyminorChannel Partner/ Reseller/ Distributor · 1 January 2025Viettel Money, Vietnam's large telecom-backed fintech platform, partnered with EVF to distribute consumer lending products via its digital wallet ecosystem, extending EVF's consumer lending distribution through a major digital channel.
• GimominorChannel Partner/ Reseller/ Distributor · 1 January 2025Gimo salary advance platform partnered with EVF in 2025 to provide salary advancement services to employees of EVF's corporate customers, enhancing employee welfare offerings for EVF's enterprise clients.
• VCBS (Vietcombank Securities)minorImplementation/ SI/ Consulting Partner · 1 July 2022VCBS acted as the issuing advisor for EVF's green bond transaction, providing advisory services for the bond structuring and issuance process alongside GuarantCo.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• FE Credit (VPBank Finance): Largest consumer finance company in Vietnam, operating as the non-bank finance arm of VPBank. Directly comparable to EVF as a Vietnamese non-bank finance institution offering consumer lending, deposits, and credit services across similar customer segments.
• Mcredit (Masan Consumer Finance): Vietnamese consumer finance joint venture between Masan Group and Shinsei Financial. Comparable as a non-bank finance company focused on consumer lending and digital distribution in the same Vietnamese market.
• Home Credit Vietnam: International consumer finance company with major Vietnam operations offering installment loans, cash loans, and BNPL services. Directly comparable as a non-bank finance competitor targeting similar consumer lending segments with digital distribution.
• Mirae Asset Finance Vietnam: Vietnamese consumer and SME finance company backed by Korean financial group Mirae Asset. Comparable to EVF in offering consumer loans, SME financing, and deposit services under Vietnamese non-bank finance license.
• HD Saison Finance: Major Vietnamese consumer finance company (joint venture between HDBank and Credit Saison). Directly comparable as a non-bank finance company offering consumer lending, motorcycle/auto loans, and deposit products with similar regulatory framework.
• LOTTE Finance Vietnam: Korean-backed non-bank finance company operating in Vietnam offering consumer loans, vehicle financing, and deposits. Comparable to EVF in business model and customer segments within the same Vietnamese non-bank finance regulatory framework.
• SHB Finance: Vietnamese finance company (formerly VietCredit) under SHB banking group, offering consumer loans and financial services. Directly comparable as a licensed Vietnamese non-bank credit institution serving retail and SME segments.

Regional players

• PT Adira Dinamika Multi Finance: Major Indonesian non-bank multi-finance company (subsidiary of Bank Danamon) offering consumer financing, vehicle financing, and SME lending. Comparable as a regional Southeast Asian non-bank finance company with similar product mix and business model, though operating in Indonesia rather than Vietnam.

Broad incumbents

• AEON Financial Service: Japanese diversified consumer finance company with regional Asian operations. Comparable as an established non-bank finance incumbent with consumer lending, credit cards, and installment products serving similar customer use cases.
• Vietnam Maritime Commercial Joint Stock Bank (MSB): Vietnamese commercial bank with significant consumer and SME finance operations. Comparable as a broader incumbent in Vietnamese credit services competing for the same enterprise and consumer customers as EVF, though operating under full banking license rather than non-bank finance framework.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EVNFinance