Vietnam Consumer Finance Market Report 2024

28 May 2024 - 04:25 PM Alternate Text


Vietnam's consumer finance market faced its most challenging year in a decade, impacted by economic slowdowns and adverse credit conditions. Both banks and FinCos endured sluggish credit growth due to multiple challenges, including subdued credit demand, deteriorating borrower credit quality, rising delinquency rates, and the resulting stricter lending practices. Additionally, heavy provisioning weighed on profitability.  

Staying ahead of trends in consumer lending is crucial as the market enters a new growth cycle following a prolonged adjustment period. FiinGroup’s latest consumer finance report provides our readers with the latest developments in the sector and insights on individual players. 

This report addresses the following questions: 

  • How did the consumer finance sector perform regarding credit growth in 2023, and what is the outlook for 2024? 
  • What is the market size of Vietnam's consumer finance sector, specifically among mainstream credit providers (i.e., credit institutions) and consumer finance companies (FinCos)? 
  • What is the growth potential of Vietnam's consumer finance market compared to its regional peers in APAC? 
  • How has the competitive landscape evolved over the past five years, and what can be expected moving forward? 
  • How has the product mix of FinCos changed in the post-pandemic period, and what trends are anticipated? 
  • What are current consumer sentiments and perceptions regarding consumer finance and FinCos? 
  • How have the financial and operational performances of major FinCos changed over the past year, and what insights can be drawn from the market? 
  • What emerging challenges and opportunities exist for incumbents and foreign investors? 
  • What are the latest key market and development trends to monitor? 
  • What are the recent regulatory developments and their implications? 

For a detailed overview of the report's contents, we would like to provide you with the Demo.

Table of contents and summary of key findings and be found HERE

You can also check out other reports covering key sectors of Vietnam including Cold Chain, Consumer Finance, Banking, Healthcare, Housing Builders, and Plastic etc. on our website:

About FiinGroup    

FiinGroup is Vietnam’s leading provider of financial data analytics platforms, business information, market research and consulting, credit ratings, and other data-driven analytics services via Platform as a Service (PaaS), annual package, and on-call services.    

FiinGroup has successfully supported various local and foreign investors conduct market assessments, commercial due diligence, merger filing support and deal/market entry advisory works to penetrate/ expand in Consumer Finance Sector and many key sectors in Vietnam including financial services, fintech, infrastructure and utilities, environmental sectors, logistics, construction and building material, etc.    

For more information about FiinGroup’s support and other investor services and how we can support, please call +84 (24) 3562 6962 or email to