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How to Manufacture Shoes in Vietnam: Ultimate Guide 2025
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Tourism in Vietnam: Industry Overview 2025
Vietnam’s Pharmaceuticals Industry: Overview 2025
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Insurance in Vietnam: Industry Overview 2025
Vietnam’s Supplements Market: Overview 2025
Technology in Vietnam: Industry Overview 2025
Vietnam Seafood Processing: Industry Overview 2025
Vietnam’s Wood Manufacturing Industry: Overview 2025
Vietnam’s Paper Industry: Overview 2025
Vietnam’s Rubber Industry: Overview 2025
Vietnam’s Healthcare Industry: Overview 2025
Vietnam’s Plastics Industry: Overview 2025
Vietnam’s Petroleum Industry: Overview 2025
Vietnam’s Gas Industry: Overview 2025
Vietnam’s Fitness Industry: Overview 2025
Vietnam Furniture Manufacturing: Industry Overview 2025
Vietnam Footwear Manufacturing: Industry Overview 2025
Vietnam’s Dairy Market 2025: Overview
Vietnam Garment Manufacturing: Industry Overview 2025
Category: Consumer Finance
Vietnamese consumer bank deposits continue to climb
Of note, over the last two years in the wake of a broader economic downturn brought on by higher interest rates in key export markets and the near-collapse of Vietnam’s real estate market, everyday Vietnamese have turned to saving rather than spending their excess income. This is problematic in that local consumption has been an important growth driver over the last decade or so. Retail sales, month on month, however, have been more or less stagnant since the beginning of the year. This latest data from the SBV suggests this could last a while longer…
Buy Now Pay Later service debuts on petrol station app in Vietnam
Of note, 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…
Buy Now Pay Later market in Vietnam could grow by US$5 billion by 2029: Report
BNPL services are an attractive option for young and budget-conscious shoppers. Major players like Fundiin, Kredivo, and Atome 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…
South Korean consumer finance firm doubles down on Vietnam
Of note, demand for credit has plummeted over the last year or two as thrifty Vietnamese have tightened their belts. By the end of March credit growth was at just 1.34 percent. That said, credit cards have not proven to be very popular in Vietnam in general, with consumers tending to spend only what they have. In fact, just 6 percent of Vietnamese had a credit card according to a 2021 report from the World Bank…
Korean credit card firms struggle to crack Vietnam market
Indeed, demand for credit has plummeted over the last year or two as thrifty Vietnamese have tightened their belts. By the end of March credit growth was at just 1.34 percent. That said, credit cards have not proven to be very popular in Vietnam in general, with consumers tending to spend only…
Vietnam consumer finance firms record broad business downturn
The consumer finance market in Vietnam has taken a dive with most of the big players recording losses or sharp falls in profits in 2023, Doanh Nhan Vietnam is reporting. Outstanding debt to the sector, according to Nguyen Quoc Hung, General Secretary of the Vietnam Banking Association, is down VND
Vietnam banks continue to reduce deposit interest rates
VP Bank, for example, is offering an interest rate of 4.8 percent on a 12-month term deposits, Zing News is reporting. Note that Vietnam has a target for inflation of 4 to 4.5 percent. This suggests that, despite a jump in interbank interest rates in February, banks still have abundant
Retail credit in Vietnam is reportedly on the decline
Vietcombank Securities Company (VCBS) has released a report in which it found the share of retail loans of total credit in Vietnam had fallen from 47 percent in 2022 to 46 percent at the end of November, Vietnam Plus is reporting. Of note, the situation has changed dramatically since this
Vietnam car sales jump 20 percent year-on-year in December
In December 36,350 cars were sold by members of the Vietnam Automotive Manufacturers Association (VAMA), representing a 20 percent increase on December of 2022, Just Auto is reporting. The publication goes on to say that this is the first positive month in over a year. Of note, Vietnamese banks engaged
Vietnam banks push consumer credit to reach credit growth targets
Banks in Vietnam are offering hefty discounts on consumer loans and credit cards to reach credit growth targets, VN Express is reporting. Key points As of December 13, credit increased by 9.87% compared to the end of 2022 (target is 14 percent); To try and hit their limits banks are
Crackdown on loan sharks sees Vietnam lending apps rack up debts
Tuoi Tre is reporting on the phenomenon of borrowers forming groups for tips on advice on how to avoid repaying loans. This phenomenon is attributed to a crackdown on loansharking activities, particularly threatening customers with violence or confiscating personal belongings in lieu of payment. It is mostly focused on short-term
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PetroVietnam Power Corporation: Vietnam Stock Overview
Vingroup: Vietnam Stock Overview
SeABank: Vietnam Stock Overview
Saigon Thuong Tin Commercial Bank: Vietnam Stock Overview
Vietnam International Bank: Vietnam Stock Overview
Saigon – Hanoi Commercial Bank: Vietnam Stock Overview
Vietnam National Petroleum Group: Vietnam Stock Overview
Tien Phong Commercial Bank: Vietnam Stock Overview
Vietnam Prosperity Commercial Bank: Vietnam Stock Overview
PetroVietnam Gas Corporation: Vietnam Stock Overview
VietinBank: Vietnam Stock Overview
Military Commercial Bank: Vietnam Stock Overview
HDBank: Vietnam Stock Overview
Vinhomes (real estate): Vietnam Stock Overview
BIDV (banking): Vietnam Stock Overview
Becamex IDC (real estate): Vietnam Stock Overview
Bao Viet Holdings (Insurance): Vietnam Stock Overview
Century Synthetic Fiber Corporation: Vietnam Stock Overview
Mobile World (retail): Vietnam Stock Overview
SSI Securities Corporation: Vietnam Stock Overview
data sets
Vietnam CPI Tracker: January Update [data set]
Vietnam Tourist Arrivals Tracker: January Update [data set]
Vietnam FDI Tracker by Sector: January Update [data set]
Vietnam FDI Source Country Tracker: January Update [data set]
Vietnam Retail Sales Tracker: November Update [data set]
Vietnam Car Sales Tracker: December Update [data]
Vietnam Exports Tracker: December Update [data set]
Vietnam Imports Tracker: December Update [data set]
Doing Business in Vietnam: Events Directory 2025