October 15 2024
FiinResearch
Consumer Finance in Vietnam FIRST-HALF 2024 Review
Total Page:
41 Pages
Format:
Topic:
Financial Service
Delivery:
within 1 day(s)
75.600.000
VND
USD
3,000.0
The first half of 2024 marked the start of a new growth cycle for Vietnam’s consumer finance sector, with Banks and FinCos adapting to evolving market dynamics and regulatory requirements.
While the broader macroeconomic environment is improving, recovery in spending power among low- and middle-income consumers—FinCos' key target segment—has been slower. These groups have been more vulnerable to economic shocks, rising living costs, accumulated debt, and stricter lending standards, leading to modest credit expansion and profits amid concerns over asset quality among FinCos.
As the business environment continues to stabilize, the second half of 2024 is expected to bring further opportunities, particularly in labor-intensive sectors like manufacturing and services. However, challenges such as rising competition, higher delinquency rates, and the impact of Typhoon Yagi on certain regions may affect the speed and sustainability of recovery for both Banks and FinCos.
Staying ahead of trends in consumer lending is crucial as the market has entered a new growth cycle after a prolonged adjustment period. FiinGroup’s latest consumer finance report provides readers with up-to-date sector developments and insights on individual players, highlighting future growth opportunities as FinCos are poised for a resurgence phase.
This report addresses the following questions:
Section |
Contents |
Page |
Executive Summary |
7 |
|
1. |
Updates of Vietnam Consumer Finance Market |
8 |
1.1. |
Market size & growth |
9 |
1.2. |
Market segmentation |
12 |
2. |
Competitive landscape of Finance Companies (FinCos) |
14 |
2.1. |
Credit growth & market share of FinCos |
15 |
2.2. |
Transition in product portfolio |
18 |
2.3. |
Analysis of FinCos’ financial performance |
20 |
3 |
Key themes in the consumer finance sector |
28 |
3.1. |
Personalization of consumer finance through AI and Big Data |
30 |
3.2. |
Cyber securities and Data privacy consumer |
31 |
3.3. |
ESG integration into Consumer Finance |
33 |
3.4 |
Investment opportunities in Vietnam’s consumer finance market |
35 |
4. |
Regulatory updates |
36 |
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