May 23 2024 FiinGroup
Despite a temporary slowdown in 2023 following weakening consumer demand surrounded by unfavourable economic conditions, the credit card market sustained double-digit growth in terms of both active card volume and transaction value. In the first half of 2023, the number of credit cards in circulation multiplied by 2.4 times compared to 2018, and the transaction value via credit cards increased by 35% p.a.
May 21 2024 FiinGroup
FiinGroup is pleased to introduce Vietnam Cement Market Report 2024, the first and most comprehensive issue on the Vietnam cement industry. This report presents a broad range of topics, both sector-specific and crosscutting market issues.
May 10 2024 FiinGroup
The banking sector experienced substantial earnings volatility in both credit and non-credit segments in 2023. Nearly 80% of banks’ earnings remained reliant on credit, hence along with the slow credit growth trend, banks’ total operating income expanded modestly at about 4% compared to 2022.
May 06 2024 FiinGroup
The majority of industrial wastewater undergoes treatment, yet 87% of municipal solid waste (MSW) remains untreated and released into environments such as creeks, lakes, rivers, etc. Only about 13% of the collected drainage and sewerage are treated by centralized wastewater treatment plants.
April 23 2024 FiinGroup
The Vietnamese consumer finance market has embarked on a new chapter where credit providers are focused on refining loan services to boost customer satisfaction while regaining growth momentum and profitability.
April 04 2024 FiinGroup
Consumer finance (CF) market players finished another challenging year, with the CF loan book of banks and finance companies (FinCos) inching up only 11.3% compared to 2022. Nonetheless, the economy is showing signs of recovery, with enhanced household income and purchasing power along with the revival of manufacturing and export sectors expected to drive credit demand in 2024.
April 02 2024 FiinGroup
In Vietnam, 82% of the clean water supply is allocated to meet the needs of residential areas, encompassing households, administrative and commercial users.
March 28 2024 FiinGroup
Private sector involvement in Vietnam's waste treatment sector, particularly with industrial and household solid waste, is significant. However, Vietnam has yet to fully utilize its resources, with around 17 million tons of solid waste remaining untapped for composting, recycling, and waste-to-energy.
March 25 2024 FiinGroup
Education spending is on the rise in recent years with 47% of household expenditure in major city being education. With a high school-age population of 24.5 million projected to grow by 0.6% until 2030, the demand for education is on the rise.