We expect a significant rise in digital transformation within the consumer credit sector over the forecast period. This will come in the form of government initiatives aimed at economic recovery and the reduction of usury activities, which have seen an increase in Vietnam since the pandemic era.
The government aims to keep interest rates low to stimulate the economy, and a stabilisation in interest rates will help to support consumer credit. Here we note again the importance of the State Bank’s Document No.
Buy now pay later (BNPL) is ripe for further developments over the forecast period, thanks to the convenience it can offer to consumers. The unstable economy and inflationary pressures are factors boosting this trend, since people are able to pay in monthly instalments for large ticket purchases, which helps them to manage their budgets.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Vietnam with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Vietnam, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See All of Our DefinitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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