Vice president at credit suisse

The roundtable talk on consumer finance held by VIR in Hanoi on May 22, 2018, Photo: Dung Minh Data from StoxPlus and the National Financial Supervisory Commission shows that Vietnam’s total outstanding consumer credit reached a size of roughly $26.5 billion by the end of 2017, a surge of 65 per cent on-year. The growth of consumer credit reportedly outshined the growth of total outstanding credit, which was recorded at 19 per cent for the same period. With such growth, consumer credit has risen to account for some 18 per cent of total credit in 2017, up 12.3 per cent on-year. Recent research carried out by Viet Capital Securities reveals that Vietnam’s consumer finance market could soar by 30 per cent per year over the next two years, to reach some VND1 quadrillion ($44 billion) by 2019. Bulk financial resources Given the development of the consumer finance market over the years and its potential for the future, there is an immense demand for financial resources at … [Read more...] about Consumer finance firms rake in cash