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Consumer lending

State bank urges credit growth, consumer lending

State bank urges credit growth, consumer lending

Banks and credit institutions should implement safe and effective credit growth solutions to enable spending and boost consumption.
Consumer lending faces challenges

Consumer lending faces challenges

It is a tough market but analysts believe that 2024 will open a new period of credit growth, including consumer credit.
MA deals of consumer financial companies keep positive

M&A deals of consumer financial companies keep positive

Merger and acquisition (M&A) deals have taken place in a context that the consumer lending market has faced many difficulties.
Authority warns about consumer lending amid pandemic

Authority warns about consumer lending amid pandemic

The Ministry of Industry and Trade’s Department of Competition and Consumer Protection has recently warned consumers about signing consumer loan contracts.
Consumer lending to grow again in 2021

Consumer lending to grow again in 2021

The consumer finance market would have a chance to grow again in 2021 thanks to the economic recovery, experts forecast.
Three companies dominate consumer lending market in VN

Three companies dominate consumer lending market in VN

According to the State Bank of Viet Nam (SBV) 16 finance companies are licensed to provide consumer lending with their total charter capital worth more than VND22 trillion (US$948 million) as of the end of 2020.
Moodys backs VNs strict proposal on unsecured consumer lending

Moody's backs VN's strict proposal on unsecured consumer lending

Viet Nam’s stricter regulations on unsecured consumer lending are positive for finance companies, according to a Moody''s recent credit outlook report.
Lenders boost consumer loans at year-end

Lenders boost consumer loans at year-end

Both finance companies and banks are promoting consumer lending to capitalise on high demands ahead of the country’s largest holiday Lunar New Year (Tet).
A Bright Future for Viet Nams Consumer Finance Market

A Bright Future for Viet Nam’s Consumer Finance Market

Viet Nam News speaks with Kim Jong Geuk, General Director of Lotte Finance Vietnam Co Ltd (Lotte Finance), about the prospect of the consumer finance business in Viet Nam and the company’s business strategy in the Industry 4.0 era.
Consumer lending in VN surged 65% in 2017

Consumer lending in VN surged 65% in 2017

Consumer lending in 2017 surged sharply by 65 per cent compared to 50.2 per cent in 2016, according to estimates of the National Financial Supervisory Commission (NFSC).
Consumer lending potential in VN untapped: experts

Consumer lending potential in VN untapped: experts

Researchers at Vietnam National University (VNU) on Wednesday presented results of a consumer lending survey showing that the majority of Vietnamese people have never used a consumer loan.
Consumer loans rise nearly 30% by end May

Consumer loans rise nearly 30% by end May

Consumer lending by end May rose 29.7 per cent against the end of 2016, the National Financial Supervisory Commission (NFSC) has said.
Right mix for consumer loans to flourish: experts

Right mix for consumer loans to flourish: experts

Poised for prodigious purchasing power in near future, Viet Nam is barely tapping into its market potential for consumer loans, with which come the needs for national spending boost and further economic growth.
Slow rise in consumer lending

Slow rise in consumer lending

Consumer lending is seeing only a slow rise ahead of Tet (Lunar New Year), despite commercial banks offering preferential loans to both individuals and enterprises.
Experts optimistic about consumer finance industry

Experts optimistic about consumer finance industry

Consumer credit is expected to grow strongly in Viet Nam thanks to the many advantages the country possesses, economists have said.