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This is the third half-year version in addition to the full-year review report series for Vietnam Consumer Finance Market. Our report provides updated information with emphasis on in-depth analysis of market share and financial performance amongst key players, the development of each product segment, prominent product trends as well as new market entrants’ movements.
FULL Report: https://fiinresearch.vn/Store/ReportDetails?id=149705
Vietnam Consumer Finance Report 2020: Challenges and opportunities for getting ahead
The 2019 has been particularly eventful, with the revival of at least two previously inactive FinCos to the market (PTFinance, FCCOM), putting pressure on the market shares of the incumbents. CF increased its contribution to national loan book to 20.5% in 2019, up from the 19.6% in 2018. Given the current market size, CF penetration in Vietnam is currently considered slow compared to its regional peers, signifying an attractive growth prospect.
Assess to our FULL REPORT: http://fiinresearch.vn/Reports/20AA1-vietnam-consumer-finance-report-2020-.html
FiinResearch - Consumer Finance in Vietnam First-half 2021 ReviewFiinGroup JSC
This Consumer Finance Report provides in-depth analysis of market share and financial performance amongst key players, the development of each product segment, prominent product trends as well as new market entrants’ movements
The consumer finance market of Vietnam has not yet recovered from the COVID-19 shock. The market expanded by 7% YTD in 1H2021, mainly driven by banks, as FinCos’s were hit harder due to massive closure of POS network following lock-down and social distancing orders in many cities and provinces.
Download FULL report: https://bit.ly/Consumer-Finance-Vietnam-1H2021
FiinPro Digest #3: Covid-19 Pandemic: Assessing the Impacts from Corporate Fi...FiinGroup JSC
This Report is part of “FiinPro Data Digest” series and prepared
primarily for subscribers of FiinGroup’s financial information and
data platforms. As noted in previous issues, FiinPro Data Digest
focuses on analyzing financial data to give commentaries and
findings with specific data-driven evidence in order to provide
independent and in-depth perspective on securities and financial
issues.
Download:
VIE version: https://bit.ly/3ezcM31
EN version: https://bit.ly/3gRUbkW
Hoang Vinh Insights for US Banks in Vietnam 2014Vinh Hoang
Vinh Hoang has analyzed key economic driving components for U.S. banks' CEOs and global business operations directors to review and make right decision. He has also suggested why U.S. banks are supposed to invest more in Vietnam to anticipate Vietnam's GDP growth of $1 trillion in 2043.
Vietnam’s consumer finance (CF) market (by commercial banks & FinCos) has dipped to low double-digit growth (10.7%YoY, 2020) after a year of hardship. However, despite the headwinds, Vietnam CF managed to secure over 20% of the country loan book.
The unprecedented COVID-19 outbreak accelerated the following key trends in the CF market:
The pandemic prompted the acceleration of the digital transformation of customer journey amongst FinCos
The launch of mobile money and the booming of digital payment brought both challenges and opportunities for FinCos, especially their credit card business
M&A emerged as the game-changer to foster future growth given the strong growth potential of the CF market and the Government’s policies that support sector consolidation and expansion of FinCos to repel black credit market.
Download FULL report: https://bit.ly/vietnam-consumer-finance-report-2021
This is the third half-year version in addition to the full-year review report series for Vietnam Consumer Finance Market. Our report provides updated information with emphasis on in-depth analysis of market share and financial performance amongst key players, the development of each product segment, prominent product trends as well as new market entrants’ movements.
FULL Report: https://fiinresearch.vn/Store/ReportDetails?id=149705
Vietnam Consumer Finance Report 2020: Challenges and opportunities for getting ahead
The 2019 has been particularly eventful, with the revival of at least two previously inactive FinCos to the market (PTFinance, FCCOM), putting pressure on the market shares of the incumbents. CF increased its contribution to national loan book to 20.5% in 2019, up from the 19.6% in 2018. Given the current market size, CF penetration in Vietnam is currently considered slow compared to its regional peers, signifying an attractive growth prospect.
Assess to our FULL REPORT: http://fiinresearch.vn/Reports/20AA1-vietnam-consumer-finance-report-2020-.html
FiinResearch - Consumer Finance in Vietnam First-half 2021 ReviewFiinGroup JSC
This Consumer Finance Report provides in-depth analysis of market share and financial performance amongst key players, the development of each product segment, prominent product trends as well as new market entrants’ movements
The consumer finance market of Vietnam has not yet recovered from the COVID-19 shock. The market expanded by 7% YTD in 1H2021, mainly driven by banks, as FinCos’s were hit harder due to massive closure of POS network following lock-down and social distancing orders in many cities and provinces.
Download FULL report: https://bit.ly/Consumer-Finance-Vietnam-1H2021
FiinPro Digest #3: Covid-19 Pandemic: Assessing the Impacts from Corporate Fi...FiinGroup JSC
This Report is part of “FiinPro Data Digest” series and prepared
primarily for subscribers of FiinGroup’s financial information and
data platforms. As noted in previous issues, FiinPro Data Digest
focuses on analyzing financial data to give commentaries and
findings with specific data-driven evidence in order to provide
independent and in-depth perspective on securities and financial
issues.
Download:
VIE version: https://bit.ly/3ezcM31
EN version: https://bit.ly/3gRUbkW
Hoang Vinh Insights for US Banks in Vietnam 2014Vinh Hoang
Vinh Hoang has analyzed key economic driving components for U.S. banks' CEOs and global business operations directors to review and make right decision. He has also suggested why U.S. banks are supposed to invest more in Vietnam to anticipate Vietnam's GDP growth of $1 trillion in 2043.
Vietnam’s consumer finance (CF) market (by commercial banks & FinCos) has dipped to low double-digit growth (10.7%YoY, 2020) after a year of hardship. However, despite the headwinds, Vietnam CF managed to secure over 20% of the country loan book.
The unprecedented COVID-19 outbreak accelerated the following key trends in the CF market:
The pandemic prompted the acceleration of the digital transformation of customer journey amongst FinCos
The launch of mobile money and the booming of digital payment brought both challenges and opportunities for FinCos, especially their credit card business
M&A emerged as the game-changer to foster future growth given the strong growth potential of the CF market and the Government’s policies that support sector consolidation and expansion of FinCos to repel black credit market.
Download FULL report: https://bit.ly/vietnam-consumer-finance-report-2021
Consumer Finance in Vietnam - First-Half 2020 ReviewFiinGroup JSC
Consumer finance in Vietnam, 1H2020 review
For the first time in a decade, Vietnam consumer finance market experienced a single-digit growth rate (9.2% YoY in the first half of 2020), following aggressive credit growth over the past few year. This is attributed to the dual challenge posed by COVID-19 pandemic and tightening regulations on cash loans disbursement prescribed at Circular 18/2019. However, despite the modest growth rate, Vietnam consumer finance maintained a contribution of over 20% of the country loan book.
Access our FULL Report at: http://fiinresearch.vn/Reports/21597-consumer-finance-in-vietnam-first-half-2020-review--.html
#consumerfinance #fincos #vietnam #marketresearch #industryreport #1H2020 #FiinGroup #FiinResearch
After a period of strong loan book growth during 2013-2017, Vietnam has witnessed a slowdown - the national loan book grew by 14% in 2018 compared to 18% in 2017. Concerns about aggressive lending practices, and the possible risk in the real estate and non-production sectors have resulted in a tightening of regulations by the State Bank of Vietnam (SBV). Additionally, the focus was on resolving the legacy bad debt with the resulting non-performing loans ratio (NPL) at only 1.89% by YE2018. Considering these events, the SBV also set a modest target of 14% YoY credit growth for 2019.
The strongest driver for credit growth, the consumer finance market, has been maturing after several years of exponential growth. In 2018, CF increased its contribution to the national loan book, at 19.7%, compared to 16.7% in 2017. At the same time, although the market has been growing at 59% YoY for the last five years, in 2018, the overall growth registered at 30.4%. The slowdown is attributed to the market’s development, growing from a larger base, the increasing exposure to real estate loans, as well as the saturation of some of CF key products such as installment loans for home appliances and consumer electronics.
Download pdf here: https://bit.ly/2RDrUm3
https://biinform.com/Reports/DD5-vietnam-consumer-finance-market-report-2017-.html
We are delighted to present Vietnam Consumer Finance Report 2017, our fifth issue on this sector. The first issue was released in 2013 which was the first in-depth sector research for consumer finance in Vietnam. Fast forward to this new edition of our report, StoxPlus provided an updated and comprehensive analysis on the industry.
What’s new in this issue? We provide a detailed analysis on the growth of Consumer Finance (CF), including the performance of Banks and CF Companies. Furthermore, a holistic breakdown on performance in different loan sectors of CF Companies is also provided. Based on the analysis, the size, growth and prospect of each loan sector is revealed together with the share performance of players in each sector. The report also sheds light on other aspects of performance of CF Companies such as their customers’ satisfaction (analysed based on our survey on 950 samples in Hanoi, Ho Chi Minh city and Danang), comparing financial performance of key players.The different analyses on these companies’ performance is synthesized in a section investigating current CF models to give a hint on advantages and disadvantages each model may have.
Download Preview and Full Report at: http://bit.ly/2t88ESB
StoxPlus is pleased to introduce Consumer Finance Vietnam 2018 Report.
The research provides the latest information on the current market, competitive landscape, and key players. Via this report, industry attractiveness is revealed, along with the key threats and opportunities in upcoming years.
FiinResearch is pleased to introduce Vietnam Banking Report 2021, a report that covers banking performance review, market trends, policy & regulatory framework updates.
What’s new?
2021 remained a tough year with the emergence of the fourth wave since the end of April, which has shuttered major manufacturing hubs and disrupted supply chains. In turn, credit demand and repayment abilities of both firms and individuals diminished, which exposed the banking system to deterioration in financial performance and risks of increased defaults.
Download Full Report: https://bit.ly/Vietnam-Banking-Report-2021
StoxPlus is pleased to introduce our first issue of Vietnam Bank Card report. This issue is expected to be released annually, covering most up-to-date card data on the market.
This issue details how the card market has developed exponentially since 2002, after the introduction of card system in Vietnam. The competitive dynamics have been thoroughly ratified. This picture with domination of debit card has not changed, but is expected to gradually shift with the changes in consumer behavior. Technology and infrastructure have become more critical, therefore, the report also highlights the rise of infrastructure and technology advancement and its applications in bank card market. To gain a deeper understanding of the attributes that customers value, we surveyed the products offered by selected financial institutions.
Below are the most critical findings in our first issue:
1) The number of bank cards in circulation in Vietnam has recorded a double-digit growth rate in the past 6 years, and reached 90.4 million at YE2015. Total card number is growing exponentially at CAGR of 26.56%, with debit card being the dominant type. State-owned commercial banks (SOCBs) make up 66% of total cards circulating in Vietnam. Among SOCBs, Vietinbank is the most popular card issuer with over 19.3million cards by all types.
2) ATM and POS systems have been growing extensively at two-digit in the past 5 years. The growth rate of ATM and POS system has been 25 – 30% in the past 5 years, reaching 16,855 ATM and over 217,000 Point of Sales (“POS”) by YE2015. However, the distribution and coverage of ATM and POS system are still far below our peer countries.
See more at: https://biinform.com/Reports/185-vietnam-bank-card-report-2016-8350.html
FiinGroup is pleased to introduce Vietnam Cement Market Report 2020, the first and most comprehensive issue on Vietnam cement industry. This report presents a board range of topics, both sector-specific and crosscutting market issues.
What’s New? The growth momentum of Vietnam cement industry in 2019 has slowed down significantly for both domestic and export market. Despite the slowdown in sales growth, local cement manufacturers managed to achieve an improvement in profitability with EBITDA margin from 16.3 percent in 2018 to 16.9 percent in 2019 thanks to good cost management & the increase in retail cement price.
This 2020 issue provides the latest information on current supply – demand situation in Vietnam cement sector with the in-depth analysis on key growth drivers, outlook for 2020 as well as forecast analysis until 2030. Especially, the analysis on retail bagged cement price for PCB30 and PCB40 by region and key brands is also included in this report.
See more here: http://bit.ly/3d8Imoo
Vietnam M&A Research Report 2019 - FiinResearchFiinGroup JSC
FiinGroup is pleased to present our intensive report of Vietnam M&A 2019, the 9th issue of this report. This report presents the extensive data mining of M&A deals in Vietnam in the reviewed period, as well as analysis by key investors and industries where we recognize potential investment opportunities in the near future.
The research provides latest information on market activities as well as competition landscape of M&A in Vietnam. Three main segments of M&A categories including (i) Inbound M&A, which is when a foreign company merges with or acquires a domestic company) (ii) Domestic M&A, which is when two domestic companies merge with or acquire other (iii) Outbound, which is when a domestic company merges with or acquires a foreign company.
Vietnam Foreign Investment Outlook for 2022 and beyondFiinGroup JSC
Vietnam: Foreign Investment Outlook 2022 and beyond
Common Requests in Sourcing Reliable Business Information and
Market Insights in Vietnam and FiinGroup's Solutions
Following the Government’s implementation of effective COVID-19 containment measures, in the first half of 2020, Vietnam economy witnessed GDP growth falling to 1.81%, the lowest first-half growth for the last 10 years. The pandemic has disrupted global trade and supply chains leading to deterioration in corporate earnings and individual income, which eventually weakens credit demand and asset quality of the banking sector in Vietnam.
Access to our FULL REPORT: http://fiinresearch.vn/Reports/2125D-vietnam-banking-report-2020-.html
In this Banking Report 2020, we provide in-depth analysis of the impact of COVID-19 on every aspect of the banking sector and individual banks, including credit growth, asset quality, earning quality, liquidity, profitability, and operation efficiency. Development trends and regulations in response to the pandemic are also covered.
This 2020 issue provides the latest information on current supply – demand situation in Vietnam cement sector with the in-depth analysis on key growth drivers, outlook for 2020 as well as forecast analysis until 2030. Especially, the analysis on retail bagged cement price for PCB30 and PCB40 by region and key brands is also included in this report.
The Consumer Finance (CF) market has witnessed significant growth of 59% annually over the period of 2014-2018. The last year has been particularly eventful, with at least four new entrants to the market (VietCredit, EasyCredit, Lotte Finance, SHB Finance), putting pressure on the market shares of the Big Four (FE Credit, Home Credit, HD Saison and Prudential Finance). M&A market was also active, as companies with CF license became hot targets for acquisitions. Overall, given the market’s growth potential, interest from domestic and international were heightened significantly.
However, as more competitors enter the market, more concerns have been raised regarding some of the high-risk products such as unsecured cash loans, as well as social impact from debt collection activities. The State Bank of Vietnam (SBV) has tightened its supervision and monitoring on FinCos’ operations and lending activities, such as the draft for amendment of Circular 43/2016/TT-NHNN, putting a limit on the percentage of cash loans in FinCos’ portfolios, and restrictions on debt collecting activities to protect consumers from unprofessional debt collectors.
Download pdf here: https://bit.ly/2NjOmlw
INFOGRAPHIC: Consumer Finance in Vietnam - First-Half 2020 ReviewFiinGroup JSC
For the first time in a decade, Vietnam consumer finance market experienced a single-digit growth rate (9.2% YoY in the first half of 2020), following aggressive credit growth over the past few year. This is attributed to the dual challenge posed by COVID-19 pandemic and tightening regulations on cash loans disbursement prescribed at Circular 18/2019. However, despite the modest growth rate, Vietnam consumer finance maintained a contribution of over 20% of the country loan book.
FiinGroup is pleased to present our intensive report of Vietnam M&A 2019, the 9th issue of this report. This report presents the extensive data mining of M&A deals in Vietnam in the reviewed period, as well as analysis by key investors and industries where we recognize potential investment opportunities in the near future.
The research provides latest information on market activities as well as competition landscape of M&A in Vietnam. Three main segments of M&A categories including (i) Inbound M&A, which is when a foreign company merges with or acquires a domestic company) (ii) Domestic M&A, which is when two domestic companies merge with or acquire other (iii) Outbound, which is when a domestic company merges with or acquires a foreign company. In addition, we provide in-depth review for the 4 outstanding sectors: Real estate, Industrial goods & Services and Food & Beverage and banks and 3 trendy sectors: Health Care, Education and Utilities.
Download pdf here: http://bit.ly/Vietnam_M_A_Research_Report_2019
FREE PREVIEW OF VIETNAM INSURANCE REPORT 2018
DOWNLOAD PREVIEW: https://bit.ly/2QhNE8s
Explore Vietnam Insurance Report with free preview including key players, overview of market value and performance
Study on Sourcing Opportunities in VietnamJohn William
Vietnam is a rapidly developing economy largely depending on agriculture (70% of the population). As many as 20 popular retail companies like Tesco and Metro have set up purchase offices in the country. While its textile & garment and footwear industries are growing, they are attracting famous brands, the likes of which are Abercrombie, Decathlon and Adidas, Nike respectively for each industry. Endowed with over 60 types of minerals, it is the 3rd largest mineral producer in South East Asia. Vietnam is suitable for the seafood industry andis the 4th biggest seafood from aquaculture producer in the world. It is the 2nd largest producer and exporter of coffee, besides the largest cashew exporter for the 9th year in a row in 2018. Get in touch with a Vietnam sourcing agency after you read this report and are interested to procure from the country.
The textile and clothing (T&C) exports from Vietnam are rapidly touching heights. Over the years, it has shown promising growth in the T&C exports and the last year only it surpassed Bangladesh to become the 2nd largest garment exporter in the world after China. Team Apparel Resources has made the presentation for its readers to let them know about the T&C industry of this South East Asian country.
Consumer Finance in Vietnam - First-Half 2020 ReviewFiinGroup JSC
Consumer finance in Vietnam, 1H2020 review
For the first time in a decade, Vietnam consumer finance market experienced a single-digit growth rate (9.2% YoY in the first half of 2020), following aggressive credit growth over the past few year. This is attributed to the dual challenge posed by COVID-19 pandemic and tightening regulations on cash loans disbursement prescribed at Circular 18/2019. However, despite the modest growth rate, Vietnam consumer finance maintained a contribution of over 20% of the country loan book.
Access our FULL Report at: http://fiinresearch.vn/Reports/21597-consumer-finance-in-vietnam-first-half-2020-review--.html
#consumerfinance #fincos #vietnam #marketresearch #industryreport #1H2020 #FiinGroup #FiinResearch
After a period of strong loan book growth during 2013-2017, Vietnam has witnessed a slowdown - the national loan book grew by 14% in 2018 compared to 18% in 2017. Concerns about aggressive lending practices, and the possible risk in the real estate and non-production sectors have resulted in a tightening of regulations by the State Bank of Vietnam (SBV). Additionally, the focus was on resolving the legacy bad debt with the resulting non-performing loans ratio (NPL) at only 1.89% by YE2018. Considering these events, the SBV also set a modest target of 14% YoY credit growth for 2019.
The strongest driver for credit growth, the consumer finance market, has been maturing after several years of exponential growth. In 2018, CF increased its contribution to the national loan book, at 19.7%, compared to 16.7% in 2017. At the same time, although the market has been growing at 59% YoY for the last five years, in 2018, the overall growth registered at 30.4%. The slowdown is attributed to the market’s development, growing from a larger base, the increasing exposure to real estate loans, as well as the saturation of some of CF key products such as installment loans for home appliances and consumer electronics.
Download pdf here: https://bit.ly/2RDrUm3
https://biinform.com/Reports/DD5-vietnam-consumer-finance-market-report-2017-.html
We are delighted to present Vietnam Consumer Finance Report 2017, our fifth issue on this sector. The first issue was released in 2013 which was the first in-depth sector research for consumer finance in Vietnam. Fast forward to this new edition of our report, StoxPlus provided an updated and comprehensive analysis on the industry.
What’s new in this issue? We provide a detailed analysis on the growth of Consumer Finance (CF), including the performance of Banks and CF Companies. Furthermore, a holistic breakdown on performance in different loan sectors of CF Companies is also provided. Based on the analysis, the size, growth and prospect of each loan sector is revealed together with the share performance of players in each sector. The report also sheds light on other aspects of performance of CF Companies such as their customers’ satisfaction (analysed based on our survey on 950 samples in Hanoi, Ho Chi Minh city and Danang), comparing financial performance of key players.The different analyses on these companies’ performance is synthesized in a section investigating current CF models to give a hint on advantages and disadvantages each model may have.
Download Preview and Full Report at: http://bit.ly/2t88ESB
StoxPlus is pleased to introduce Consumer Finance Vietnam 2018 Report.
The research provides the latest information on the current market, competitive landscape, and key players. Via this report, industry attractiveness is revealed, along with the key threats and opportunities in upcoming years.
FiinResearch is pleased to introduce Vietnam Banking Report 2021, a report that covers banking performance review, market trends, policy & regulatory framework updates.
What’s new?
2021 remained a tough year with the emergence of the fourth wave since the end of April, which has shuttered major manufacturing hubs and disrupted supply chains. In turn, credit demand and repayment abilities of both firms and individuals diminished, which exposed the banking system to deterioration in financial performance and risks of increased defaults.
Download Full Report: https://bit.ly/Vietnam-Banking-Report-2021
StoxPlus is pleased to introduce our first issue of Vietnam Bank Card report. This issue is expected to be released annually, covering most up-to-date card data on the market.
This issue details how the card market has developed exponentially since 2002, after the introduction of card system in Vietnam. The competitive dynamics have been thoroughly ratified. This picture with domination of debit card has not changed, but is expected to gradually shift with the changes in consumer behavior. Technology and infrastructure have become more critical, therefore, the report also highlights the rise of infrastructure and technology advancement and its applications in bank card market. To gain a deeper understanding of the attributes that customers value, we surveyed the products offered by selected financial institutions.
Below are the most critical findings in our first issue:
1) The number of bank cards in circulation in Vietnam has recorded a double-digit growth rate in the past 6 years, and reached 90.4 million at YE2015. Total card number is growing exponentially at CAGR of 26.56%, with debit card being the dominant type. State-owned commercial banks (SOCBs) make up 66% of total cards circulating in Vietnam. Among SOCBs, Vietinbank is the most popular card issuer with over 19.3million cards by all types.
2) ATM and POS systems have been growing extensively at two-digit in the past 5 years. The growth rate of ATM and POS system has been 25 – 30% in the past 5 years, reaching 16,855 ATM and over 217,000 Point of Sales (“POS”) by YE2015. However, the distribution and coverage of ATM and POS system are still far below our peer countries.
See more at: https://biinform.com/Reports/185-vietnam-bank-card-report-2016-8350.html
FiinGroup is pleased to introduce Vietnam Cement Market Report 2020, the first and most comprehensive issue on Vietnam cement industry. This report presents a board range of topics, both sector-specific and crosscutting market issues.
What’s New? The growth momentum of Vietnam cement industry in 2019 has slowed down significantly for both domestic and export market. Despite the slowdown in sales growth, local cement manufacturers managed to achieve an improvement in profitability with EBITDA margin from 16.3 percent in 2018 to 16.9 percent in 2019 thanks to good cost management & the increase in retail cement price.
This 2020 issue provides the latest information on current supply – demand situation in Vietnam cement sector with the in-depth analysis on key growth drivers, outlook for 2020 as well as forecast analysis until 2030. Especially, the analysis on retail bagged cement price for PCB30 and PCB40 by region and key brands is also included in this report.
See more here: http://bit.ly/3d8Imoo
Vietnam M&A Research Report 2019 - FiinResearchFiinGroup JSC
FiinGroup is pleased to present our intensive report of Vietnam M&A 2019, the 9th issue of this report. This report presents the extensive data mining of M&A deals in Vietnam in the reviewed period, as well as analysis by key investors and industries where we recognize potential investment opportunities in the near future.
The research provides latest information on market activities as well as competition landscape of M&A in Vietnam. Three main segments of M&A categories including (i) Inbound M&A, which is when a foreign company merges with or acquires a domestic company) (ii) Domestic M&A, which is when two domestic companies merge with or acquire other (iii) Outbound, which is when a domestic company merges with or acquires a foreign company.
Vietnam Foreign Investment Outlook for 2022 and beyondFiinGroup JSC
Vietnam: Foreign Investment Outlook 2022 and beyond
Common Requests in Sourcing Reliable Business Information and
Market Insights in Vietnam and FiinGroup's Solutions
Following the Government’s implementation of effective COVID-19 containment measures, in the first half of 2020, Vietnam economy witnessed GDP growth falling to 1.81%, the lowest first-half growth for the last 10 years. The pandemic has disrupted global trade and supply chains leading to deterioration in corporate earnings and individual income, which eventually weakens credit demand and asset quality of the banking sector in Vietnam.
Access to our FULL REPORT: http://fiinresearch.vn/Reports/2125D-vietnam-banking-report-2020-.html
In this Banking Report 2020, we provide in-depth analysis of the impact of COVID-19 on every aspect of the banking sector and individual banks, including credit growth, asset quality, earning quality, liquidity, profitability, and operation efficiency. Development trends and regulations in response to the pandemic are also covered.
This 2020 issue provides the latest information on current supply – demand situation in Vietnam cement sector with the in-depth analysis on key growth drivers, outlook for 2020 as well as forecast analysis until 2030. Especially, the analysis on retail bagged cement price for PCB30 and PCB40 by region and key brands is also included in this report.
The Consumer Finance (CF) market has witnessed significant growth of 59% annually over the period of 2014-2018. The last year has been particularly eventful, with at least four new entrants to the market (VietCredit, EasyCredit, Lotte Finance, SHB Finance), putting pressure on the market shares of the Big Four (FE Credit, Home Credit, HD Saison and Prudential Finance). M&A market was also active, as companies with CF license became hot targets for acquisitions. Overall, given the market’s growth potential, interest from domestic and international were heightened significantly.
However, as more competitors enter the market, more concerns have been raised regarding some of the high-risk products such as unsecured cash loans, as well as social impact from debt collection activities. The State Bank of Vietnam (SBV) has tightened its supervision and monitoring on FinCos’ operations and lending activities, such as the draft for amendment of Circular 43/2016/TT-NHNN, putting a limit on the percentage of cash loans in FinCos’ portfolios, and restrictions on debt collecting activities to protect consumers from unprofessional debt collectors.
Download pdf here: https://bit.ly/2NjOmlw
INFOGRAPHIC: Consumer Finance in Vietnam - First-Half 2020 ReviewFiinGroup JSC
For the first time in a decade, Vietnam consumer finance market experienced a single-digit growth rate (9.2% YoY in the first half of 2020), following aggressive credit growth over the past few year. This is attributed to the dual challenge posed by COVID-19 pandemic and tightening regulations on cash loans disbursement prescribed at Circular 18/2019. However, despite the modest growth rate, Vietnam consumer finance maintained a contribution of over 20% of the country loan book.
FiinGroup is pleased to present our intensive report of Vietnam M&A 2019, the 9th issue of this report. This report presents the extensive data mining of M&A deals in Vietnam in the reviewed period, as well as analysis by key investors and industries where we recognize potential investment opportunities in the near future.
The research provides latest information on market activities as well as competition landscape of M&A in Vietnam. Three main segments of M&A categories including (i) Inbound M&A, which is when a foreign company merges with or acquires a domestic company) (ii) Domestic M&A, which is when two domestic companies merge with or acquire other (iii) Outbound, which is when a domestic company merges with or acquires a foreign company. In addition, we provide in-depth review for the 4 outstanding sectors: Real estate, Industrial goods & Services and Food & Beverage and banks and 3 trendy sectors: Health Care, Education and Utilities.
Download pdf here: http://bit.ly/Vietnam_M_A_Research_Report_2019
FREE PREVIEW OF VIETNAM INSURANCE REPORT 2018
DOWNLOAD PREVIEW: https://bit.ly/2QhNE8s
Explore Vietnam Insurance Report with free preview including key players, overview of market value and performance
Study on Sourcing Opportunities in VietnamJohn William
Vietnam is a rapidly developing economy largely depending on agriculture (70% of the population). As many as 20 popular retail companies like Tesco and Metro have set up purchase offices in the country. While its textile & garment and footwear industries are growing, they are attracting famous brands, the likes of which are Abercrombie, Decathlon and Adidas, Nike respectively for each industry. Endowed with over 60 types of minerals, it is the 3rd largest mineral producer in South East Asia. Vietnam is suitable for the seafood industry andis the 4th biggest seafood from aquaculture producer in the world. It is the 2nd largest producer and exporter of coffee, besides the largest cashew exporter for the 9th year in a row in 2018. Get in touch with a Vietnam sourcing agency after you read this report and are interested to procure from the country.
The textile and clothing (T&C) exports from Vietnam are rapidly touching heights. Over the years, it has shown promising growth in the T&C exports and the last year only it surpassed Bangladesh to become the 2nd largest garment exporter in the world after China. Team Apparel Resources has made the presentation for its readers to let them know about the T&C industry of this South East Asian country.
The Vietnam Believer_Newsletter_Vol.001_Mar12 2024believeminhh
Excited to share 'The Vietnam Believer' series on LinkedIn weekly, where I personally curate notable insights on Vietnam's development in key sectors.
As a late Gen-Y business professional born & grew up here, I'm inspired by the opportunities and challenges ahead for our country, our generation in this rapidly changing, unpredictable world.
Join me in believing in Vietnam's bright future!
Final Project - Tran Lam Binh - World Bank Groupniagarafall
This is the final project of the course Unlock Investment and Financing in EMDEs country by World Bank Group in June and July / 2019.
The content of this presentation is to talk about the Foreign Direct Investment (FDI) in Vietnam, specialize for Private Equity Investors.
The following extract, compiled by China Intelligence Online, is a brief overview of the main trade indicators and port industry.
For more information on trade or logistics industry performance in Vietnam please contact:
info@chinaintelligenceonline.com
Launched by Italy’s Ministry of Economic Development (MISE) “Task Force China” is an initiative meant to strengthen and develop cooperation, dialogue, trade and economic relationships between Italy and China.
Operating within the guidelines set by MISE and the Ministry for Foreign Affairs (MAECI) , the Task Force will work together with the Ministries of Economy and Finance, Interior, Education, Transport and Infrastructure, Culture and Agriculture and Tourism, and will be coordinated by Under Secretary Geraci, relying on the contributions, know-how and output of MISE and MAECI, as well as the inputs from the annual Yanqi Lake, retreats organised by the Italian Embassy in Beijing.
Marco Mazzeschi has been chosen as a contributor to Task Force China for the area Demography & migration. Please find here the Newletter task force China #2
Launched by Italy’s Ministry of Economic Development (MISE) “Task Force China” is an initiative meant to strengthen and develop cooperation, dialogue, trade and economic relationships between Italy and China.
Operating within the guidelines set by MISE and the Ministry for Foreign Affairs (MAECI) , the Task Force will work together with the Ministries of Economy and Finance, Interior, Education, Transport and Infrastructure, Culture and Agriculture and Tourism, and will be coordinated by Under Secretary Geraci, relying on the contributions, know-how and output of MISE and MAECI, as well as the inputs from the annual Yanqi Lake, retreats organised by the Italian Embassy in Beijing.
Marco Mazzeschi has been chosen as a contributor to Task Force China for the area Demography & migration, please find below the Task Force China newsletter #2
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Emmanuel Katto is a well-known businessman from Uganda who is improving his town via his charitable work and commercial endeavors. The Emka Foundation is a non-profit organization that focuses on empowering adolescents through education, business, and skill development. He is the founder and CEO of this organization. His philanthropic journey is deeply personal, driven by a calling to make a positive difference in his home country. Check out the slides to more about his social work.
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Discover How Long Do Aluminum Gutters Last?SteveRiddle8
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6. According to the rules of the department, only goods that are not subject to customs
procedures at the border gate (as prescribed in Decision No.23/2019/QD-TTg) and those that
have not submitted an import declaration can be moved to different ports.
Specifically, goods imported by Dong Nai enterprises will be transferred to Tan Cang Long
Binh ICD or Tan Cang Nhon Trach ICD. Those for enterprises in Binh Phuoc will be transported
to Tan Cang Song Than IDC. Meanwhile, goods belonging to enterprises in the western
provinces will be transported to Tan Cang Hiep Phuoc Port.
Currently, the number of imported containers waiting at Cat Lai Port has increased rapidly
because many factories and enterprises have reduced production or stopped working due to
pandemic prevention requirements and are unable to receive or release shipments.
Therefore, Cat Lai Port will temporarily stop receiving imported goods from businesses which
are stopping production. It will only receive ships to take on export goods; and temporarily
suspend receiving cold goods transshipped to containers until the end of August 16.
Shipping lines and shipping agents need to actively persuade customers to adjust destination ports and the place of receiving goods to Tan Cang-Cai Mep
International Port, Tan Cang-Cai Mep Thi Vai Port, or Tan Cang Hiep Phuoc Port.In addition, shipping lines and shipping agents need to submit estimates of
imported containers and empty containers on their ships docking in the system of Saigon Newport in the next two weeks so that they can actively arrange
the yard.
At the same time, Cat Lai Port also temporarily suspended receiving goods that occupy large yards, such as super-long, super-heavy cargo, project
cargo, or oversized, overloaded cargo from August 5.
These measures are effective for 15 days from the date the People's Committee of Ho Chi
Minh City has announced suspending the implementation of Directive 16.
7.
8.
9.
10.
11. Vietnam has perhaps been the luckiest among South East Asian economies.
The country’s goods trade runs to 201% of its GDP, third-highest in the world
after the free-trading ports of Hong Kong and Singapore. Burgeoning
demand for consumer products from locked-down Westerners helped the
country to one of the fastest recoveries in the world, and made it one of the
few economies to expand in 2020. Though the ADB has trimmed its 2021
growth forecast for Vietnam, it is still among the highest in the region, at
5.8%
Vietnam’s exports surged 25.5% year-on-year in the January-July period to
US$185.33 billion, with the foreign-invested sector making up 73.8% of
the total at $136.81 billion, the General Statistics Office (GSO) has said in
a monthly report.
EstimatedGDPGrowthfor
2021
5.8%
ExportSurgeby25.5%y-o-y
toUS$185.33B
Source: the Economist | Hanoi Times
12. S&P raises Vietnam’s outlook to 'Positive'
S&P Global Ratings has maintained
Vietnam’s sovereign credit rating but
raised its outlook from "stable" to
"positive" thanks to the country’s
effective measures to contain Covid-19.
In fact this makes Vietnam the first
country in the world with a "positive"
outlook from all three major credit
ratings companies, the others being
Moody’s and Fitch, since the pandemic
began, according to a statement from
the Ministry of Finance.
The country remains among the top
destinations in Southeast Asia in
attracting foreign direct investment,
with stable exports growth and strong
domestic demand.
The EVFTA, which took effect on
August 1 last year, has given an
impulse to bilateral exportation and
importation, with Vietnam currently
recording trade surplus with the EU.
In the first half of 2021, the country’s
exports to the EU stood at 19.3 billion
USD while imports from this bloc
grew 17.2 percent from a year earlier
to 8.14 billion USD. The import
turnover was 14.65 billion USD in
2020, up 4.3 percent year on year.
The largest EU exporters to Vietnam
consist of Germany, Italy, France, the
Netherlands, Spain, Belgium,
Sweden, and Ireland, which
accounted for 85 percent of the
country’s total imports from the EU
last year.
EVFTA fuels Vietnam’s imports from EU
Computers, electronic products and
components; machinery, equipment,
tools, and spare parts; along with
pharmaceutical products are the
main groups of items with billions-of-
USD imports from the EU. They saw
respective import turnover of 4.1
billion USD, 3.1 billion USD, and 1.75
billion USD last year, according to the
General Department of Vietnam
Customs.
Vietnam currently ranks 17th among
trading partners of and 11th among
exporters to the EU
Source: Ministry of Planning and Investment | VnExpress
13.
14.
15. The number of Apple suppliers in
Vietnam has increased significantly since
2018, strengthening the country's role in
its global supply chain.
Over the past three years, the iPhone
maker has been diversifying its supply
chain across many countries, instead of
focusing on only the 1.4-billion market
like before. Specifically, it has 32
suppliers in the US, 34 suppliers in
Japan, and 48 suppliers in Taiwan.
Taiwan on Monday approved a $101
million increase in the investment in
Vietnam by Pegatron Corp, a major
manufacturing partner of Apple,
Microsoft, and Sony.
Vietnamese state media reported on
September that Pegatron was
looking to invest $1 billion in three
phases in production facilities in
areas such as computing,
communication and consumer
electronics in the country.
Pegatron is best known as a key
supplier to Apple, along with
Taiwan's Foxconn and Wistron Corp.
Taiwan’s biggest conglomerates, has
raised its total investment in Vietnam
to US$1.37 billion, all for its yarn
subsidiary based in the south.
Globally, the group operates in
different sectors ranging from
petrochemicals, cement, and retail
to hospitality, finance, and
communications.
In June of that year Far Eastern
received an investment certificate to
build a US$274 million polyester
and cotton yarn factory in Bau Bang
Industrial Park in Binh Duong
province, which is next to Ho Chi
Minh City – Vietnam’s southern
economic powerhouse.
Apple increases number of
suppliers in Vietnam
Taiwan approves $101 mln
Pegatron investment in Vietnam
Nevertheless, China remains in the lead
with 51 suppliers. It is irreplaceable for
global companies because of constant
improvements in manufacturing capacity
and maintaining acceptable operation
costs.
Taiwan’s Far Eastern boosts
Vietnam investment to US$1.37
billion
Source: VIR | Tuoitre | The Asset
16. Japan's Foster Electric, which produces
and sells loudspeakers, audio
equipment, and electronic equipment,
will open a speaker material plant in
Vietnam to diversify its supply chain.
Foster decided to invest with Hengdian
Group DMEGC Magnetics Co., Ltd., a
supplier of ferrite magnets in China, and
establish a joint venture company in
Vietnam to manufacture ferrite magnets
for speakers and the like.
South Korea’s Kumho Tire plans to
invest $305 million to expand its
plant in Vietnam.
The expansion, when completed in
the first quarter of 2023, is
expected to nearly double the
plant’s capacity to 9.3 million tires a
year.
The $200-million plant in the My
Phuoc 3 Industrial Park in the
southern province of Binh Duong
was built in 2008 to manufacture
passenger car and light truck radial
tires, and is the company’s only
plant in Southeast Asia.
In January, China’s Jinyu Tire
invested $320 million to expand its
factory in the southern province of
Tay Ninh.
Austria printed circuit board
manufacturer AT&S has been
studying several locations in
Vietnam to build two factories worth
€1.5 billion ($1.78 billion).
AT&S designs and manufactures
high-end printed circuit boards
serving as components in industrial
production, semiconductor
production and artificial intelligence
applications. In the last five years, it
has achieved an average growth
rate of 7 percent per year
Japanese Foster Electric to open
factory in Vietnam to diversify supply
chain
Kumho Tire eyes expansion of
Vietnam plant
Hengdian Group DMEGC Magnetics
(Vietnam) will have a capital of $5
million. Foster Electric will own a 19.9
per cent stake in the joint venture while
Hengdian Group DMEGC Magnetics will
hold the remaining 80.1 per cent.
Austrian firm seeks to locate $1.8
bln plants in Vietnam
Source: VIR | VnExpress