Lotte Finance Vietnam has received approval from the State Bank of Vietnam (SBV), Vietnam's banking regulator, to move from a consumer finance company to a general finance company. The change, approved on August 28 and announced by Lotte Card on the 7th, expands its ability to provide credit and collateral-backed loans to high-credit enterprises and commercial vehicle financing. The company can also enter the leasing business, beginning with automotive leasing before targeting medical equipment and construction machinery. It will change its name to Lotte General Finance Vietnam, apply the new name to its offices sequentially, and strengthen its corporate review organization from next year to improve risk assessment and expand corporate lending through existing partner companies.