PPF Partners Holds Talks With Vietnamese Prime Minister

Guernsey-based PPF Partners has held talks with the Vietnamese Prime Minister while visiting the country to explore ways of growing its business.

Director Mel Carvill met with Prime Minister Nguyen Tan Dung in Hanoi, the capital and second largest city in Vietnam.

Private equity firm PPF Partners – a joint venture between Generali and the PPF Group – has investments in the region including the market-leading consumer credit business which finances motorcycles, the transport of choice for the Vietnamese, and a major cement factory near the capital.

Mr Carvill said: "More than three million motorcycles are sold in Vietnam each year and this figure is growing year by year. Last year only 3% of these 3 million motorcycles was financed and PPF had a 70% share of this 3% so there is a significant opportunity for us to further grow that business."