Vietnam Auto Finance Market Analysis, Size, Challenges and Outlook to 2026: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Market Insight The report “Vietnam Auto Finance Market Outlook to 2026F- Driven by digital penetration and dominance of banks along with a shift in consumer preference from 2W to 4W. “Provides a comprehensive analysis of the Auto Finance market in Vietnam. The report covers an overview and genesis of the industry, auto finance market size; market segmentations; analysis of the auto finance market; trends and developments, issues and challenges, and comparative landscape including market shares of major companies, competition scenario, cross-comparison and cost sheet of major market players in Vietnam. The report concludes with future market projections of each segmentation and Analyst recommendations to win the Auto Finance Market in Vietnam. Vietnam Automotive Overview Although the pandemic has affected almost all sectors, the automotive sector was one of the worst hits among all the other sectors. The impact of COVID-19 dampened the demand for new vehicles, with a serious decrease in new vehicle sales, with 33% lower sales than in 2019. The lack of capital investment and requisite experience and technology to manufacture components considerably hamper Vietnam’s automotive industry. Vietnam imported $1.4 Mn and exported $0.1 Mn vehicles, making it a heavy importing country for vehicles in 2021. How Is Auto Finance Market Positioned In Vietnam? Vietnam Auto Finance Market Overview: The Pandemic has resulted in the slow growth of Auto Finance where Vietnamese preferred to own a private vehicle to avoid public transportation. The Vietnamese Government has also decided on a motorbike ban after 2030 to reduce traffic congestion and emissions. The market has also seen a shortage of semiconductor chips which has dropped the market growth rate from 2019 to 2021. Also, with the growing purchasing power of the middle class, the number of customers buying a passenger vehicle increased due to its status symbol. The economy is also flourishing with Foreign Direct Investments (FDI) as the driving force where the total registered FDI inflow was $ 38.8 Bn in 2021. Vietnam Auto Finance Market Segmentations By Type of Vehicle Financed: Technology disruption in the economy has boosted the auto finance industry via mobile or web-based platforms that allow easy viewing, comparisons of price, time period offered and applying for different loan services available. By Tenure of New and Used Vehicles: People in Vietnam switch their cars every 4-5 years and hence, majority of auto loans are taken for a duration of more than 3 years. By Type of Motor Vehicle: Commercial Vehicles are used for service purposes, especially for migrants who do not own a car to commute. Vietnamese prefer commercial vehicles for long-distance travel as it offers a cheaper fare. Interested to Know More about this Report- Request for a sample report By Type of Passenger Vehicle: The Government of Vietnam has decided to ban 2w/ motorcycles by 2030. The decision is motivated by the fact that the middle class is growing and will be able to buy cars. By Type of Commercial Vehicle: Vietnamese preferred owning a private vehicle, especially LCV’s due to personal choice along with long servicing life and fuel efficiency of the vehicle. By Type of Lenders: Banks hold the majority of auto financing, however, there is a recent trend towards non-banking financial institutions in Vietnam. By Type of Lending Bank: Vietnamese prefer lending from government banks/ institutions as the interest rate policies are more transparent in public sector banks than private banks. Competition Scenario In Vietnam Auto Finance Market The competition in the Auto Finance market was observed to be a moderately consolidated market in Vietnam. VIB is the market leader owing to the most market share and clients. The Vietnam Auto Finance Industry also includes other major players like Toyota Financial Services, TP Bank, VP Bank, Vietin Bank, and more. Companies are striving to adopt higher technological advancements to improve operational profits along with a rich customer experience. Vietnam Auto Finance Market Future Outlook and Projections Vietnam Auto Finance Market is expected to grow CAGR ~ in 2016-2026F with a robust revenue hike during 2022F-2026F. Digitalization in Vietnam is anticipated to rise in the future which will lead to an increase in the Auto Finance market with multiple offline and e-platform players entering the market. Also, the increase in the population and growing income levels leading to rising in sales of cars is expected to drive the rise in Auto Outstanding Loans in Vietnam. Used Vehicles are more likely to be purchased by the bourgeois as they are usually cheaper with less insurance coverage compared to the new vehicles. The Vietnam government has proposed a regulation wherein the import of used vehicles older than 5 years has been discontinued which is expected to boost the sales of domestically produced used vehicles in the future. A similar trend where post the pandemic, Vietnamese have been preferring to own a private vehicle to avoid public transportation is anticipated to occur. Banks and other financial institutions are putting their best effort into promoting their consumer finance products and increasing finance penetration in the future. The accessibility to finance is expected to grow with an increase in the number of multi-finance companies which will further increase the share of auto finance companies in the country. Key Segments Covered: – Vietnam Auto Finance: By Type of Vehicle financed New Used By Tenure: 1 year 2 years 3 years and more By Type of Motor Vehicle: Commercial Passenger By type of commercial motor Vehicle: LMV MCV HCV By Type of passenger motor vehicle 2W 3W 4W By Type of Lender: Banks OEMs/Captives NBFC By Type of Lending Bank: Government Private Key Target Audience Vietnam Auto Industries Government Bodies & Regulating Authorities Financial Institutions Manufacturing Companies Automobile Distributors Automobile Dealers and Associations Investors & Venture Capital Firms Visit this Link :- Request for custom report Time Period Captured in the Report: Historical Year: 2016-2021 Base Year: 2021 Forecast Period: 2022F– 2026F Major Banks: Bank for Investment & Development Vietcom Bank Sacom Bank Techcom Bank Shinhan Bank Vietnam International Commercial Joint Stock Bank Vietin Bank Tien Phong Bank Woori Bank Key Topics Covered in the Report Vietnam Automotive Industry Overview Vietnam’s Online Auto Finance Market Ecosystem Business Cycle, Genesis, and Timeline of Vietnam Online Auto Finance Market Vietnam Auto Finance Value Chain Analysis Vietnam Auto Finance Market Size, 2021 Vietnam Auto Finance Market Segmentation (by Type of Vehicle Financed, by Type of Motor Vehicle, by Type of Passenger Vehicle, by Type of Commercial Vehicle, by Type of Lenders, by Type of Lending Banks, by Tenure of New and Old Vehicles), 2021 SWOT Analysis of Vietnam Auto Finance Market Government Regulations of Vietnam Auto Finance Market Trends and Developments of Vietnam Auto Finance Market Decision Making Parameter for Selecting Car Loan Vendor Issues and Challenges in Vietnam Auto Finance Market Customer Analysis of Auto Finance Market in Vietnam Competition Overview of Auto Finance Market in Vietnam Future Outlook and Projections of Auto Finance Market in Vietnam, 2021-2026F Impact of COVID-19 on Auto Finance Market in Vietnam Analyst Recommendations for Online Auto- Finance Market in Vietnam For more insights on the market intelligence, refer to the link below: – Vietnam Auto Finance Market Analysis Related Reports by Ken Research: – Singapore Auto Finance Market Thailand Auto Finance Market Philippines Auto Finance Market Tags: Auto finance Interest Rate in Vietnam, auto loan market Vietnam, auto-financing market in Vietnam, Automobile finance sector in Vietnam, challenges in Vietnam Auto Finance Market, Competitors in Vietnam Auto Finance Market, Consumer Automotive Financial Services in Vietnam, Digitalization in Vietnam, e-platform players Vietnam Auto Finance Market, Emerging Players in Vietnam Auto Finance Market, Fin-tech companies in Vietnam, Financial Institutions in Vietnam, Investors in Auto Finance Market, Leading Players in Vietnam Auto Finance Market, lending banks in Vietnam, major players in Vietnam Auto Finance Market, New Auto Finance Market Vietnam, New players in Vietnam Auto Finance Market, number of multi-finance companies Vietnam, Online Auto- Finance Market in Vietnam, Sacom Bank Car Finance Market, Shinhan Bank Car loan Market Revenue, Startups in Vietnam Auto Finance Market, Techcom Bank auto finance Market Share, Tien Phong motor vehicle Loan Market, Used Auto Finance Market Vietnam, Vehicle finance Companies in Vietnam, vehicle financing Market in Vietnam, Venture Capital Firms in Vietnam, Vietcom Bank auto finance Market, Vietin Bank vehicle loan Market Analysis, Vietnam Auto accounts Market, Vietnam Auto Banking Market, Vietnam Auto Finance Industry, Vietnam Auto Finance Industry Outlook, Vietnam Auto Finance Lenders, Vietnam Auto Finance Market, Vietnam Auto Finance Market Trends, Vietnam Auto Finance Sector, Vietnam Auto Investment Market, Vietnam auto loans Market, Vietnam Auto Market, Vietnam auto refinance market size, Vietnam Automobile banking Market, Vietnam Automobile loan market, Vietnam Automotive Loan Industry, Vietnam Automotive Market, Vietnam commercial vehicle Loan Market, Vietnam fin-tech loan Market, Vietnam fin-tech sector, Vietnam Finance Automobile Industry, Vietnam fintech Market Startups, Vietnam International Commercial Joint Stock Bank, Vietnam motor vehicle Loan Market, Vietnam Online Auto Finance Market, Vietnam passenger car Loan market, Vietnam passenger vehicle Loan Market