| Forecast Period | 2024-2028 |
| Market Size (2022) | USD502 Billion |
| CAGR (2023-2028) | 12.18% |
| Fastest Growing Segment | NBFCs |
| Largest Market | North Region |
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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.
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.
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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.
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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 |
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Historical Years |
2018–2021 |
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Estimated Year |
2023E |
|
Forecast Period |
2024F –2028F |
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Quantitative Units |
Revenue in USD Billion and CAGR for 2018-2022 and 2023E- 2028F |
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Report Coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
|
Segments Covered |
Type Provider Type Interest Rate Tenure Period Company |
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Regional Scope |
North, South, and Central |
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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) |
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