Market Research Report
Vietnam Consumer Finance Market Report 2018
|Published by||StoxPlus - Biinform||Product code||314708|
|Published||Content info||84 Pages
|Vietnam Consumer Finance Market Report 2018|
|Published: May 15, 2018||Content info: 84 Pages||
What's new in this issue ? Consumer Finance is growing in Vietnam but is still small compared to other regional markets and growth opportunity is still here. In the year 2017, Vietnam's Consumer Finance for 17% of the National Loan Book, driven by strong demand increases in housing and home improvement loans, as well as secured and unsecured cash loans.
Usually, banks focus on serving the middle income segments and above, leaving behind 48% of the population who are unbanked, low-income and have the potential to be CF customers. However, since banks are the traditional go-to source for financing, in 2017 finance companies only accounted for approximately 8.4% of the total outstanding consumer loans, as opposed to 91.6% of commercial banks. Nevertheless the market is becoming more competitive and new entrants are still incoming.