The Credit Disbursed in Vietnam Auto Finance Market is expected to reach more than VND 300 Tr during by 2026F owing to the Lower Lending Rates: 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 Currently 73.5% of the population in Vietnam uses a smartphone. The country aims to increase the rate to 85% by the end of 2022. In Vietnam, the total transaction value in the Digital Investment segment is projected to reach $2.88 Bn by 2023 which helps the fin-tech companies to grow further in the country. The taxi services have been increasing in Vietnam thereby increasing the financing of commercial vehicles, which further increases vehicle purchases in the country. Digitalization in Vietnam is anticipated: 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 increasing population and growing income levels leading to rising in sales of cars are expected to drive the rise in Auto Outstanding Loans in Vietnam in near future. The Vietnamese Government is planning a motorbike ban after 2030 to reduce traffic congestion and emissions which will increase the selling of more 3W and 4W in the market. To learn more about this report Download a Free Sample Report Growing Disposable Income and Status: As Vietnam is a middle-income economy, the majority of the people are anticipated to choose a longer loan duration owing to the installments being pocket friendly as monthly payments will be lower. Consumer preferences are more likely to shift to purchasing new vehicles with growing disposable income and status. Also, with the growing population and rapid urbanization, LCVs are probable to have higher sales as LCVs are preferred for high volume low bulk cargo majorly for consumer goods, textiles, and more for short distance haulage. To learn more about this report, request a free sample copy Block chain-Powered Financing and Artificial Intelligence: In Vietnam digitization has improved significant workflow enhancements, including faster processing, more reliable document handling, and mitigated risk. These models could help keep vehicles affordable as technology features increase manufacturing and maintenance costs. Also, insurers and banks are piloting a variety of block chain-powered financing solutions, and auto captive lenders are serving as test beds for manufacturer block chains which will increase the capacity of the auto finance industry in Vietnam. Analysts at Ken Research in their latest publication 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 By Ken Research observed that the Auto Finance market is an emergent market in Vietnam at a rebounding stage from the economic crisis after the pandemic. The rising government policies and the increase in banks and financial institutions, entry of captive finance companies along with growing ride-sharing services are expected to contribute to the market growth over the forecast period. The market is expected to grow at a 23.7% CAGR during 2021-2026F owing to the rise in the economy of the country, increasing interest rates, and new government policies. 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 To learn more about this report, request a free sample copy Key Target Audience Vietnam Auto Industries Government Bodies & Regulating Authorities Financial Institutions Manufacturing Companies Automobile Distributors Automobile Dealers and Associations Investors & Venture Capital Firms 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 Outlook to 2025 Philippines Auto Finance Market Outlook to 2024 Tags: Auto finance Interest Rate in Vietnam, Auto Finance Ticket Size Vietnam, Auto Loan Growth Vietnam, auto loan market Vietnam, Auto Loan NPAs in Vietnam, Auto Loan Portfolio Vietnam, auto-financing market in Vietnam, Automobile finance sector in Vietnam, Car Loan Disbursed Vietnam, Car Loan Outstanding Vietnam, Cars Parcs in Vietnam, challenges in Vietnam Auto Finance Market, Competitors in Vietnam Auto Finance Market, Consumer Automotive Financial Services 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, Investment in Vietnam Auto Sector, Investors in Auto Finance Market, Leading Players in Vietnam Auto Finance Market, lending banks in Vietnam, major players in Vietnam Auto Finance Market, New Car Finance Market Vietnam, New players in Vietnam Auto Finance Market, number of multi-finance companies Vietnam, Number of Vehicle Financed 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, Two Wheeler Finance Market in Vietnam, Used Car Finance Market Vietnam, Used Vehicle Financed Vietnam, Vehicle finance Companies in Vietnam, vehicle financing Market in Vietnam, Vehicle Loan Interest Rate 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 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