Vietnam passenger car Loan market

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’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 »