However, as more competitors enter the market, more concerns have been raised regarding some of the high-risk products such as unsecured cash loans, as well as social impact from debt collection activities. The State Bank of Vietnam (SBV) has tightened its supervision and monitoring on FinCos’ operations and lending activities, such as the draft for amendment of Circular 43/2016/TT-NHNN, putting a limit on the percentage of cash loans in FinCos’ portfolios, and restrictions on debt collecting activities to protect consumers from unprofessional debt collectors.

This infographic is based on the market research report "Vietnam Consumer Finance Report 2019 - Customer Survey". To explore this sector in more depth, please click here