Pandemic impacts consumer credit Business

Pandemic impacts consumer credit

The COVID-19 pandemic is significantly changing the landscape of the consumer credit market as consumers tend to tighten their budget and pay more attention to healthcare, environment and lifestyle as well as switching to online shopping.
Banks eye consumer finance for bigger share Business

Banks eye consumer finance for bigger share

Several banks are keen to establish consumer finance arms to grab a bigger share of a market that is expected to reach 1,000 trillion VND (4.38 billion USD) by 2020 and grow at 29 percent annually.
Forum seeks end to loan sharks Business

Forum seeks end to loan sharks

Demand for consumer credit is growing strongly and it is time to eradicate private money lending, a round table on financial issues heard in Ho Chi Minh City on October 20.
 State Bank draft overhauls lending Business

State Bank draft overhauls lending

The State Bank of Vietnam has released a draft circular regulating consumer credit activities of financial companies to better manage lending as well as benefit domestic consumers.