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Buy Now Pay Later market in Vietnam could grow by US$5 billion by 2029: Report

The Buy Now, Pay Later–BNPLY–market is projected to grow at a compound annual growth rate of 29.2 percent from 2024 to 2029, according to a report from Markets and Research. The gross merchandise value of buy now pay later in Vietnam is expected to rise from US$1.32 billion in 2023 to US$6.89 billion by 2029.

BNPL services allow consumers to purchase products and pay for them in installments, often with zero interest, making it an attractive option for young and budget-conscious shoppers. Major players like are expanding their presence in Vietnam, partnering with retailers to offer flexible payment options. This trend is expected to continue as digital adoption and consumer demand for flexible credit solutions increase.

See also: Vietnam’s Financial Sector

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German fitness chain Fit24 halts operations in Vietnam, reasons unclear

October 8, 2024

Of note, Opening a gym in Vietnam for foreign firms or individuals, however, is not always easy. Not only are there several technical and licensing requirements that need to be met, but Vietnam has also developed its own very distinct gym culture. This can take a little getting used to and may make penetrating Vietnam’s gym-going consumer class challenging…

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Vietnam’s floriculture market set to reach US$3.4 billion by 2032

October 8, 2024

The sector’s growth can be attributed to increasing demand for flowers and ornamental plants, both domestically and internationally. Vietnam’s floriculture industry has gained recognition for its diverse range of high-quality flowers, with expanding export opportunities and rising consumer interest in ornamental plants driving further development.

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Paying For Vietnam’s High-Speed Rail: Unpacked

October 8, 2024

Vietnam’s Transport Ministry has said that Vietnam’s high-speed railway project connecting Hanoi and Ho Chi Minh City will utilise domestic finances and technology, as opposed to support from abroad. It is, however, expensive and financing it alone will be challenging.

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Top 10 Vietnam securities firms gain 2.67 percent market share Q3 2024

October 7, 2024

The biggest improvement belonged to Viet Cap Securities which saw a 1.46 percent increase in its market share with the biggest fall belonging to VNDirect which lost .76 percent. However,  Vietcombank Securities Company dropped out of the top ten altogether and therefore how much its share changed is unknown. Of note, FPT Securities moved in to take Vietcombank Securities’ place…

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Thailand launches anti dumping probe into steel from Vietnam

October 7, 2024

This adds to a growing list of investigations into steel import from Vietnam that includes South Korea, India, and the European Union and comes as cheap Chinese steel floods markets around the world. Of note there has been some suspicion that Chinese steel makers may be using Vietnam as an intermediary to circumvent trade tariffs in other countries on their own steel products…

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Tien Phong Commercial Bank: Vietnam Stock Overview

October 7, 2024

TPBank’s net interest income increased by 14.2 percent, aligning with the broader trend seen across banks like VPBank, HDBank, and VietinBank, which also experienced significant growth in net interest income. This increase was driven by a stable macroeconomic environment and recovering credit demand, contrasting with 2023’s challenges when deposit interest costs exceeded lending income.

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