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.
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.