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From retail to finance, Vietnam all set to rebound with poise
Vietnam’s early efforts to weather the COVID-19 storm have helped its economy to reopen much sooner than others, with many sectors that have suffered badly from the outbreak – from retail to finance –now recovering with poise.
Moody's places five Vietnamese financial institutions on review for downgrade
Moody's Investors Service has placed the long-term ratings and assessments of three Vietnamese finance companies and two Vietnamese banks on review for downgrade.
Who can access low-interest credit packages?
Experts warn that businesses suffering the most may not be able to access the VND285 trillion aid package because they cannot prove solvency.
VP Bank shifts FE Credit to joint stock company
The news that VP Bank has decided to shift its subsidiary FE Credit, specializing in consumer lending, to a joint stock company from a limited company has stirred up the public.
Vietnam's new consumer finance curbs to challenge business models: Fitch
Fitch Ratings believes larger, more established finance companies are better-placed to meet the new requirements while newer, smaller companies that concentrate on cash loans may find it harder to shift their business models.
Profit targets within reach for domestic banks as 2019 draws to a close
Domestic banks are in a position to complete their 2019 profit targets if they finish the year on a high.
A new race starts for consumer lenders
With an annual 20-30 percent growth rate, the consumer credit market has become an attractive sector.
Consumer credit: risks loom large
Consumer credit has grown by five times in the last five years, according to the State Bank of Vietnam.
Consumer lending booms, lenders pop up everywhere
VietNamNet Bridge - Enterprises from many different business fields have jumped into the lucrative field of consumer lending.
Financial companies prosper as Vietnamese spend more on consumer goods
VietNamNet Bridge - Reports all show steady growth in consumer lending in recent years and increased expansion of finance companies.
Consumer credit booms in Vietnam
The Vietnamese consumer finance market at VND646 trillion, or $28 billion in 2016, was equal to 10 percent of GDP.
Consumer credit booms, home appliance sales increase
Consumer credit soared by 65 percent in 2017, accounting for an increasingly high proportion of total outstanding loans, according to a report from the National Financial Supervision Council (NFSC).
Foreign capital flows into consumer loans
VietNamNet Bridge - The size of the consumer market has increased rapidly, attracting more foreign capital.
New moves at consumer finance companies
VietNamNet Bridge - Techcombank plans to sell Techcom Finance and MCredit has been renamed MB Shinnei, signs that the Vietnamese consumer finance market continues to attract investors.
Consumer credit grows rapidly as retailers thrive
The appearance of big foreign retail chains and the strong rise of Vietnamese chains have fostered the development of consumer credit in Vietnam, according to the State Bank of Vietnam.
