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 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… Read More »
Banks are Predicted to Overpower the Vietnam Auto Finance Market Owing to Lower Interest Rates Compared to Other Financial Institutions – Ken Research 1. Issues such as supply chains, finance, and human resources during the pandemic, pressurizing businesses to adapt to new normal Due to the restriction on movement imposed during COVID-19, Vietnam experienced a significant decline in the GDP growth rate. Layoffs and pay cuts were observed during the pandemic year across industries along with the increasing… Read More »
Vietnam Auto Finance Market Analysis, Size, Challenges and Outlook to 2026: Ken Research 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;… Read More »
Vietnam’s Auto Finance Market is in its Growing Stage, Driven by Loan Lending offered by Banks, NBFCs and Influx of Online Personal Loan Aggregator Platforms in the country: Ken Research Driven by digital penetration and dominance of banks along with a shift in consumer preference from 2W to 4W in the country, Vietnam Auto finance market has seen major growth in the share of commercial vehicles post Covid-19. Growing Financial Sector: The Pandemic has resulted in the slow growth of Auto Finance where Vietnamese preferred… Read More »
Vietnam Auto Finance Market Research Report And Outlook: Ken Research What is the Current Potential of Vietnam Auto Finance Market? Vietnam auto finance market has been identified at a growth stage with a growing appetite for passenger and commercial vehicles. The auto finance market has increased to VND ~ trillion in 2018 from VND ~ trillion in 2014 registering a CAGR of ~% during this… Read More »
Vietnam Auto Finance Market is Driven by Growing Purchasing Power of the Middle Class, Lower Interest Rates Charged and Improved Transport Infrastructure: Ken Research Analysis The key factors driving growth in the Auto Finance Market are digitalization, development of infrastructure, regional connectivity, economic boom due to increased exports & foreign investment, rising demand for commercial vehicles due to rise of cab sharing services and buses due to improved roads and highways. The report titled “Vietnam Auto Finance Market Outlook to… Read More »
Vietnam Auto Finance Market Outlook to 2024: Ken Research The report titled “Vietnam Auto Finance Market Outlook to 2024 – by Loan Tenure, by Type of Institution (Commercial Banks and Non- Banking Financial Institutions) and by Type of Vehicle (Passenger and Light Commercial)” provides a comprehensive analysis of Vietnam’s Auto Finance Market including market evolution, overview, genesis, market size and market segmentations. Extensive focus… Read More »