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表紙:ベトナムの消費者金融市場の分析 (2020年上半期)
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ベトナムの消費者金融市場の分析 (2020年上半期)

Consumer Finance in Vietnam - First-Half 2020 Review

出版日: | 発行: FiinGroup JSC | ページ情報: 英文 47 Pages | 納期: 即納可能 即納可能とは

価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=110.15円
ベトナムの消費者金融市場の分析 (2020年上半期)
出版日: 2020年10月27日
発行: FiinGroup JSC
ページ情報: 英文 47 Pages
納期: 即納可能 即納可能とは
  • 全表示
  • 概要
  • 目次
概要

ベトナムの消費者金融市場は、ここ数年間は精力的な規模拡張が続きましたが、2020年に入り市場成長率が10年ぶりに1桁台 (9.2%) に留まりました。新型コロナウイルス感染症 (COVID-19) 感染拡大と金融引き締めの両方の影響が響いているものと思われます。それでも、国内の貸出残高に対するシェアは20%以上を維持しました。近年の主な動きとして、DX (デジタルトランスフォーメーション) の推進によるデジタル体験/デジタル融資の強化や、業種間の競争激化 (専業企業/銀行/その他) などが挙げられます。

当レポートでは、ベトナム国内の消費者金融市場の最新情勢について分析し、全体的な市場規模の動向見通しや、業界内 (同業他社間)/業界間 (他業種) の競合情勢、今後の市場機会や潜在的リスク、規制環境・市場構造の変化の方向性、といった情報を取りまとめてお届けいたします。

目次

エグゼクティブサマリー

第1章 ベトナムの消費者金融市場:最新情勢

  • 市場規模・成長率
  • 市場区分

第2章 金融企業の競合情勢

  • 金融企業の最新動向
  • 市場規模・シェアの変動
  • 製品ミックス分析
  • 財務動向の相互比較

第3章 業界の主な発展動向

  • ベトナムの消費者金融市場の主な促進要因と発展動向:2020年以降
  • 商品開発の動向
  • 消費者金融におけるDX (デジタルトランスフォーメーション)
  • 代替的な融資プラットフォームの出現と影響

第4章 規制の改訂動向

目次

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.

Banks vs. FinCos vs. Alternative lenders

Besides competing against banks in the overlapped customer segment, FinCos also face rising competition from alternative lenders. FinCos' target customers are the newly banked and unbanked, under-banked - who do not have full access to traditional financial services, thus, technology-enabled business models with less strict lending standard offer a more effective way to serve this segment, putting pressure on incumbent players.

Product Composition

Despite the transition roadmap as per Circular 18, cash loans became slightly more prevalent, accounting for over 67% of the total CF loan portfolio in 1H2020. FinCos are therefore coming up with new forms of indirect loans, diversifying their indirect loan portfolio, together with actively promoting credit cards

Market Share

Almost all FinCos' loan book scaled down as the impact of the pandemic spread, making FinCos become more cautious in lending due to the concern over rising NPL amidst weakening individual income. Meanwhile, young FinCos (others) continued to seize 1% of market share from leading players in 1H2020.

Regulatory updates

SBV continuously issued policies to guide credit institutions including FinCos to support customers affected by the COVID-19 pandemic. Most recently in a draft circular, loans disbursed between 23 Jan and 24 Apr are eligible for maintaining in the standard debt group. However, this temporary support for cash-strapped borrowers might increase future risk as reported NPLs did not fully reflected the asset quality picture of FinCos.

Earning quality

Average NIM of the sector followed the downward trend, reflecting The first half of 2020 saw a greater and more immediate impact of the COVID-19 on FinCos' earning quality. Nonetheless, some companies such as HD Saison, Shinhan Finance and Lotte Finance managed to increase their NIM thanks to low-cost capital mobilized from parent companies.

Asset quality

Overall NPL slightly increased as FinCos became more cautious in lending due to the concern over rising NPL. However, reported NPL figures did not fully reflect the asset quality picture of FinCos due to the impact of SBV's supportive policies at Circular o1 that allows credit institutions including FinCos to delay categorizing overdue debt to NPLs. Given slow credit growth and rising potential NPLs, FinCos are expected to accelerate their provisioning and switched to focus more on existing customers with validated credit history rather than new customers to mitigate credit risk.

Key development trends

Three major driving forces (Regulatory changes, Consumer lifestyle, and COVID-19 pandemic) will reshape the Vietnam CF market in coming years with the following trends:

  • Credit cards emerged as a new growth driver of CF market since the other two POS loans have showed signs of saturation. New forms of installment loans are also proliferating in order to satisfy customers' demand.
  • FinCos are now focusing on enhancing customer experience through the digitalization of end-to-end customer journey
  • P2P lending and other app-lending platforms have recently emerged, involving a high degree of risk and significant impacts on the performance of mainstream credit providers.

Table of Contents

Executive Summary

1. Updates of Vietnam CF market

  • 1.1. Market size and growth
  • 1.2. Market segmentation

2. Competitive landscape of finance companies

  • 2.1. FinCos' fast facts
  • 2.2. Changes in market size and market share
  • 2.3. Product mix analysis
  • 2.4. Financial benchmarking

3. Key development trends

  • 3.1. Key driving forces and development trends that shape Vietnam Consumer Finance Market in 2020 and the years to come
  • 3.2. Product development trends
  • 3.3. Digital transformation in consumer finance
  • 3.4. Emerge of alternative lending platforms and impacts

4. Regulatory updates

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