INFOGRAPHIC: Consumer Finance in Vietnam - First-Half 2019 Review
The CF market is turning to get a steady growth due to the concern about SBV’s proposed tightening policies on disbursement to new customers as well as limit of cash loans, which accounts for more than 30% of loan books in the majority of FinCos. In 1H2019. The CF market inched up 11.7% YTD growth.
CF increased its contribution to national loan book at 20.05% in the first 6M2019, compared to 18.3% in 2018 and 17.3% in 1H2018. Given the current market size, CF penetration in Vietnam (~20.% of national loan book) is currently considered slow compared to its regional peers (ASEAN5 at 35%), signaling room for growth.
This infographic is based on the market research report Consumer Finance in Vietnam - First-Half 2019 Review. To explore this sector in more depth, please click here.