The Vietnam Loan Market is anticipated to project robust growth during the forecast period owing to increasing attractive marketing strategies, rising demand from small business sector, increasing internet penetration and digitalization.

 

The steadily growing economy, rising consumer demand, increasing trade and declining interest rates are the elements that create the ideal conditions for customers to take loan and take advantage of a business opportunity during the forecast period.

 

Local banks proved their strength by overcoming the pandemic's obstacles and the financial industry maintained steady liquidity in 2020 and 2021. The Vietnamese banking industry saw total loans increase by 13.5% and total deposits grow by 8.4% in 2021.

 

Relaxation in Overall Lending Standards To Fuel The Market Growth

Credit institutions are projected to ease the lending standards in investment, tourism, securities, finance, banking, and insurance sector. In the real estate sector, credit criteria is still projected to remain the same or possibly tighten. However, the terms and conditions of loans to purchase real estate for individual clients remained loose in 2022. Thus, with ease in lending standards there was increase in demand for loan. For instance, in the first six months of 2022, 42.9% of lending institutions reported they had met 100% of their customers borrowing requirements. Notably, 16 major commercial banks reported meeting loan demand at a high rate (more than 75%) in the first six months of 2022.Thus, with ease in availability of loan, the Vietnam Loan Market is expected to grow at a fast rate.

 

Booming Digitalization to Boost The Market Growth

The fintech sector for e.g., MoMo, Moca in Vietnam has advanced significantly owing to the rising preference for digital payment services as more consumers choose cashless ways and digital solutions as the nation acclimates to a "new normal" brought on by the COVID-19 pandemic.  Vietnam News reported that 71% of users use e-wallets at least once every week. Consumers are now more likely to use electronic payment methods for their online purchases and loan payment.  As the public's use of smartphones and the internet rises, more individuals are getting interested in learning more about digital technology and solutions. Thus, all these factors are expected to play an important role in driving the growth of Vietnam Loan Market.

 

Rising Demand from Business Sector Will Fuel the Market Growth

Small businesses frequently have to borrow money from friends or family members or even pledge assets as collateral to secure finance. Due to these difficulties, the SMEs loan market is used to be the competition for many financial institutions. To resolve these problems, banks and other institutions are coming up with online lending platforms to help small and medium-sized enterprises (SMEs). For instance, The Funding Societies, which is one of the largest digital financing platforms for small and medium-sized enterprises (SMEs) in Southeast Asia, has already disbursed USD 20 million in loans in Vietnam.  In Vietnam, the sector of lending money to small and medium-sized businesses is booming owing to the emergence of several platforms that support loan availability in easy manner than the traditional banks. Thus, demand of loans from business sector is expected to have huge impact on Vietnam Loan market.




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Market Segmentation

The Vietnam Loan Market is segmented based on type, provider type, interest rate, tenure period, region, and competitional landscape. Based on type, the market is further fragmented into secured loan and unsecured loan. Based on provider type, the market is further split into bank, non-banking financial companies, and others (fintech companies). Based on interest rates, the market is segmented into fixed and floating. Based on tenure period, the market is segmented into less than 5 years, 5-10 years, 11-20 years, more than 20 years. On the basis of region, the market is divided into North, South, and Central.

 

Company Profiles

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Vietnam Technological and Commercial Joint Stock Bank (TECHCOMBANK), Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), Military Commercial Joint Stock Bank (MB Bank), Vietnam Bank for Agriculture and Rural Development (Agribank), Asia Commercial Joint Stock Bank (ACB), Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank), Tien Phong Commercial Joint Stock Bank (TPBank) and Vietnam International Bank (VIB) are also actively entering the market in recent years and further strengthening the market growth.

Attribute

Details

Base Year

2022

Historical Years

2018–2021

Estimated Year

2023E

Forecast Period

2024F –2028F

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2022 and 2023E- 2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Type

Provider Type

Interest Rate

Tenure Period

Company

Regional Scope

North, South, and Central

Key Companies Profiled

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Vietnam Technological and Commercial Joint Stock Bank (TECHCOMBANK), Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), Military Commercial Joint Stock Bank (MB Bank), Vietnam Bank for Agriculture and Rural Development (Agribank), Asia Commercial Joint Stock Bank (ACB), Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank), Tien Phong Commercial Joint Stock Bank (TPBank) and Vietnam International Bank (VIB)

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, Vietnam Loan Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Vietnam Loan Market, By Type:
    • Secured Loan
    • Unsecured Loan
  • Vietnam Loan Market, By Provider Type:
    • Bank
    • Non-Banking Financial Companies
    • Others
  • Vietnam Loan Market, By Interest Rate:
    • Fixed
    • Floating
  • Vietnam Loan Market, By Tenure Period:
    • Less than 5 Years
    • 5-10 Years
    • 11-20 Years
    • More than 20 Years
  • Vietnam Loan Market, By Region:
    • North
    • South
    • Central 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam Loan Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer Analysis (B2C Market)

4.1.  Sample Size Determination

4.1.1.     Respondent Demographics

4.1.2.     By Gender

4.1.3.     By Age

4.1.4.     By Occupation

4.2.  Brand Awareness

4.3.  Factors Influencing Purchase Decision

4.4.  Sources of Information

4.5.  Challenges Faced After Purchase

5.    Vietnam Loan Market Outlook

5.1.  Market Size & Forecast          

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.    By Type Market Share Analysis (Secured Loan and Unsecured Loan)

5.2.2.    By Provider Type Market Share Analysis (Bank, Non-Banking Financial Companies and Others (Fintech Companies))

5.2.3.    By Interest Rate Market Share Analysis (Fixed and Floating)

5.2.4.    By Tenure Period Market Share Analysis (Less than 5 Years, 5-10 Years, 11-20 Years, More than 20 Years)

5.2.5.    By Regional Market Share Analysis

5.2.5.1.         North Market Analysis

5.2.5.2.         South Market Analysis

5.2.5.3.         Central Market Analysis

5.2.6.     By Company Market Share Analysis

5.3.  Vietnam Loan Market Mapping & Opportunity Assessment

5.3.1.     By Type Market Mapping & Opportunity Assessment

5.3.2.     By Provider Type Market Mapping & Opportunity Assessment

5.3.3.     By Interest Rate Market Mapping & Opportunity Assessment

5.3.4.     By Tenure Period Market Mapping & Opportunity Assessment

5.3.5.     By Regional Market Mapping & Opportunity Assessment

6.    Vietnam Secured Loan Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product Type Market Share Analysis (Mortgage Loan, Housing Loan, Auto Loan and Others (Gold Loan, Life Insurance Loan etc.))

6.2.2.     By Provider Type Market Share Analysis

6.2.3.     By Interest Rate Market Share Analysis

6.2.4.     By Tenure Period Market Share Analysis

7.    Vietnam Unsecured Loan Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product Type Market Share Analysis (Personal Loan, Education Loan, Agricultural Loan and Others (Home Improvement Loan, Consumer Durable Loan etc.))

7.2.2.     By Provider Type Market Share Analysis

7.2.3.     By Interest Rate Market Share Analysis

7.2.4.     By Tenure Period Market Share Analysis

8.    Market Dynamics

8.1.  Drivers

8.1.1.       Rising demand from business sector

8.1.2.       Ease in availing loans

8.1.3.       Booming digitalization

8.2.  Challenges

8.2.1.     Security concerns

8.2.2.     Surging competition from NBFCs

9.    Impact of COVID-19 on Vietnam Loan Market

9.1.  Impact Assessment Model      

9.1.1.     Key Segments Impacted

9.1.2.     Key Regions Impacted

10.  Market Trends & Developments

10.1.              Increasing internet penetration

10.2.              Increase in nuclear families

10.3.              Attractive marketing strategies

10.4.              Rising focus towards loan sector by Bank and NBFCs

10.5.              Increasing urbanization

11.  Porter’s Five Forces Model

11.1.              Competition Landscape

11.2.              Buyer Power

11.3.              Supplier Power

11.4.              Threat of New Entrants

11.5.              Threat of Substitutes

12.  Policy and Regulatory Landscape

13.  Vietnam Economic Profile

14.  Competitive Landscape

14.1.              Competition Outlook

14.2.              Company Profiles

14.2.1.  Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)

14.2.1.1.      Company Details

14.2.1.2.      Product & Services

14.2.1.3.      Financials (As Reported)

14.2.1.4.      Key market Focus & Geographical Presence

14.2.1.5.      Recent Developments

14.2.1.6.      Key Management Personnel

14.2.2.  Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV)

14.2.2.1.      Company Details

14.2.2.2.      Product & Services

14.2.2.3.      Financials (As Reported)

14.2.2.4.      Key market Focus & Geographical Presence

14.2.2.5.      Recent Developments

14.2.2.6.      Key Management Personnel

14.2.3.  Vietnam Technological and Commercial Joint Stock Bank (TECHCOMBANK)

14.2.3.1.      Company Details

14.2.3.2.      Product & Services

14.2.3.3.      Financials (As Reported)

14.2.3.4.      Key market Focus & Geographical Presence

14.2.3.5.      Recent Developments

14.2.3.6.      Key Management Personnel

14.2.4.  Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)

14.2.4.1.      Company Details

14.2.4.2.      Product & Services

14.2.4.3.      Financials (As Reported)

14.2.4.4.      Key market Focus & Geographical Presence

14.2.4.5.      Recent Developments

14.2.4.6.      Key Management Personnel

14.2.5.  Military Commercial Joint Stock Bank (MB Bank)

14.2.5.1.      Company Details

14.2.5.2.      Product & Services

14.2.5.3.      Financials (As Reported)

14.2.5.4.      Key market Focus & Geographical Presence

14.2.5.5.      Recent Developments

14.2.5.6.      Key Management Personnel

14.2.6.  Vietnam Bank for Agriculture and Rural Development (Agribank)

14.2.6.1.      Company Details

14.2.6.2.      Product & Services

14.2.6.3.      Financials (As Reported)

14.2.6.4.      Key market Focus & Geographical Presence

14.2.6.5.      Recent Developments

14.2.6.6.      Key Management Personnel

14.2.7.  Asia Commercial Joint Stock Bank (ACB)

14.2.7.1.      Company Details

14.2.7.2.      Product & Services

14.2.7.3.      Financials (As Reported)

14.2.7.4.      Key market Focus & Geographical Presence

14.2.7.5.      Recent Developments

14.2.7.6.      Key Management Personnel

14.2.8.  Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank)

14.2.8.1.      Company Details

14.2.8.2.      Product & Services

14.2.8.3.      Financials (As Reported)

14.2.8.4.      Key market Focus & Geographical Presence

14.2.8.5.      Recent Developments

14.2.8.6.      Key Management Personnel

14.2.9.  Tien Phong Commercial Joint Stock Bank (TPBank)

14.2.9.1.      Company Details

14.2.9.2.      Product & Services

14.2.9.3.      Financials (As Reported)

14.2.9.4.      Key market Focus & Geographical Presence

14.2.9.5.      Recent Developments

14.2.9.6.      Key Management Personnel

14.2.10.                Vietnam International Bank (VIB)

14.2.10.1.    Company Details

14.2.10.2.    Product & Services

14.2.10.3.    Financials (As Reported)

14.2.10.4.    Key market Focus & Geographical Presence

14.2.10.5.    Recent Developments

14.2.10.6.    Key Management Personnel

15.  Strategic Recommendations/Action Plan

15.1.              Key Focus Areas

15.2.              Target Regions

15.3.              Target Type

15.4.              Target Provider Type

15.5.              Target Interest Rate

15.6.              Target Tenure Period

16.  About Us & Disclaimer

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