August 29 2024 FiinGroup
The corrugated box sector in Vietnam is a vital part of the packaging industry, poised for substantial growth in the coming years. The market is projected to expand by approximately 10% in the coming years, fueled by increasing demand from key end-use sectors including e-commerce, electronics, textiles and garments, food and beverages, and pharmaceuticals.
August 26 2024 FiinGroup
The Robust Growth in Minimart and Convenience Stores Vietnam's retail market is dominated by general trade, but there's a notable shift towards modern trade channels and e-commerce. Modern trade, which now accounts for 33% of the market, is rapidly expanding due to the growth of minimarts and convenience stores (CVS). This shift is driven by a combination of factors, including rising urbanization, a growing young population, and changing consumer preferences.
July 31 2024 FiinGroup
Cold chain marktet is one of the most promising logistics segments in Vietnam, driven by robust import-export activities, F&B franchised stores, and modern retail trade. The market was estimated at $211.2 million in 2023, with cold storage and transportation making up 68% and 32%, respectively. Despite its robust growth in recent years, the sector faced a slowdown in 2023 due to weaker domestic demand and slower import-export activities.
July 18 2024
Vietnam's PET recycling market is poised for rapid growth, driven by strong PET consumption, supportive regulations, and abundant feedstock. Solid waste management in Vietnam has seen a shift towards private sector involvement. Traditionally, municipal solid waste (MSW) was handled by State-owned enterprises (SOEs). However, industrial (ISW) and hazardous waste (HSW) have primarily been managed by domestic and foreign entities due to their higher tipping fees and lower collection costs.
July 11 2024 FiinGroup
Vietnam Natural Gas: Identify Opportunities for Gas Business Growth in Vietnam Thanks to an abundant supply and high calorific value, natural gas significantly contributes to Vietnam's electricity production and industrial manufacturing sectors. In which, thermal power is a key growth driver for Vietnam natural gas market accompanied by the increased electricity demand from FDI investment, population growth, and industrial expansion. Natural gas sector in Vietnam is controlled and managed by PVGas and its subsidiaries.
June 24 2024 FiinGroup
Plastic packaging, driven by increasing demand from both food and non-food sectors, remains the most attractive packaging segment in Vietnam. Flexible packaging segment, including multi-layered and mono-layered packaging, dominates the market, accounting for 75% of the total market size in 2023. In which, plastic bags remain the cornerstone of this segment, contributing a significant 15% to Vietnam's plastic export turnover.
June 13 2024 FiinGroup
Hanoi, Vietnam – [on June 11th, 2024] – Mr. Hai Khieu, Director – Head of Market Research and Consulting Division at FiinGroup joined as a speaker at INTERCEM Asia – a premier conference for cement industry executives worldwide. The conference was attended by 300 cement professionals and industry experts from countries across Asia and further in the USA, Australia, and South Africa, for networking, sourcing materials, and doing business with cement producers and traders.
June 10 2024 FiinGroup
Vietnam warehousing sector has shown significant growth and resilience amidst global economic fluctuations. Despite the global economic slowdown, Vietnam warehousing sector continues to expand. This growth is driven by increased demand for cold storage facilities, particularly from the seafood processing industry and fresh food sectors, which account for up to 70-80% of the demand for cold storage in Vietnam.
June 04 2024 FiinGroup
Post-COVID-19, the Vietnamese banking sector navigates a dynamic economic landscape with a blend of challenges and opportunities. Key issues include subdued credit growth, rising non-performing assets and increased competition from fintech startups, pressuring traditional banks to innovate and invest in technology and cybersecurity.
May 28 2024 FiinGroup
Vietnam's consumer finance market faced its most challenging year in a decade, impacted by economic slowdowns and adverse credit conditions. Both banks and FinCos endured sluggish credit growth due to multiple challenges, including subdued credit demand, deteriorating borrower credit quality, rising delinquency rates, and the resulting stricter lending practices. Additionally, heavy provisioning weighed on profitability.