28/05/2024

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. 

Page 1 of 18