Theo tin Ken Research hay prnewswire.com
Feb 14, 2019, 09:00 ET
It is expected that by the end of 2023, auto loans disbursed for commercial vehicles would overtake the passenger vehicles segment registering a CAGR of over 32% and 18% respectively during 2018-2023. Furthermore, commercial vehicle segment is projected to comprise of slightly over 60% share of the market in terms of credit disbursed by 2023.
– Banking institutions are still expected to dominate the market in terms of being the most convenient and trusted source of credit lending, however their relative share in the market would decline by nearly 2% in 2023. The consumer finance entities & captives under NBFI’s are projected to witness growth registering a CAGR of close to 30% in terms of auto loan outstanding during 2018-2023.
GURUGRAM, India, Feb. 14, 2019 /PRNewswire/ –Growth in Vietnam’s auto finance market size in future will be facilitated by simplified documentation & licensing processes, development in infrastructure, expanding geographical presence of major players, improvements in technology and equipments, new marketing strategies and product stream diversification. The planned highways and road improvements by the government are estimated to ease the congestion in the country and provide better and wider roads. These improvements should expand the number of personal and commercial vehicles financed, thereby growing the market.
The 80% of unbanked population are a rich potential segment for auto financing companies and this vast market is expected to be tapped into via the growing consumer financing companies. The rapid shift to digitalization by credit institutions is projected to see new schemes that are customer centric and enable them to opt for loans from home within hours to provide a convenient service. The low import taxes and increasing affluence of the middle class in Vietnam should result in cars becoming more affordable for a large number of customers.
Vietnam has a low car ownership, with only 16 out of 1000 people owning cars as of 2017 and a low car penetration rate; which forecasts a large untapped market for new and existing players. The urbanization of Vietnam, along with the economic growth of tier 2 cities will open up a new avenue of auto financing as the poorer segment of the population are able to afford motorbikes and low end passenger cars. The focus on public transport and ride sharing services to combat the traffic will also expand the number of commercial vehicles financed, further developing the auto finance market in Vietnam which is projected to contribute to 6% of the Auto lending market in Southeast Asia by 2018.
Ken Research in its latest study “Vietnam Auto Finance Market Outlook to 2023 – by Loan Tenure, by Type of Institution (Commercial Banks and Non- Banking Financial Institutions) and by Type of Vehicle (Passenger and Commercial)” suggests a growth at a CAGR of close to 28% on the basis of credit disbursed in the Vietnam Auto Finance Market by during 2012-2018.
Key Segments Covered
Market Segmentation by Type of Vehicles (Passenger Vehicles and Commercial Vehicles on the basis of Credit Disbursed and Auto Loan Outstanding)
Market Segmentation By Type of Institutions (Banks & Subsidiaries and Non Bank Financial Institutes on the Basis of Auto Loan Outstanding)
Market Segmentation By Loan Tenure (1 Year, 2 Years, 3 Years, 4 Years, 5 and More years on the basis of Auto Loan Outstanding)
Key Target Audience
Existing Auto Finance Companies
Banks & Subsidiaries
Captive Finance Companies
Non Banking Financial Institutions
New Market Entrants
Automobile Financing Companies
Government Organizations
Investors
Automobile Associations
Automobile Original Equipment Manufacturer
Time Period Captured in the Report:
Financial Year 2013-2018: Historical Period
Financial Year 2019-2023: Future Forecast
Key Target Audience
Existing Auto Finance Companies
New market entrants
Government bodies
Investors
Automobile Manufacturers
Automobile Associations
Auto parts Equipment Manufacturers
Companies Cited in the Report
Banks & Subsidiaries
Tien Phong Bank
Vietcombank
Agribank
Vietinbank
Shinhan Bank Vietnam
Saigon Hanoi Bank
Techcombank
Bank for Investment and Development of Vietnam
Vietnam international bank
Non-Banking Financial Institutions
FE Credit
Cement Finance Joint Stock Company
EVN Finance Joint Stock Company
Handico Finance Joint Stock Company
HD Saison Finance Company
Home Credit Vietnam Finance Company Limited
JACCS International Vietnam Finance Company Limited
Maritime Bank Finance Company Limited
MB Shinsei Finance Limited Liability Company
Mirae Asset Finance Company (Vietnam) Limited
Post and Telecommunication Finance Company Limited
Prudential Vietnam Finance Company Limited
SHBank Finance Company Limited
Technological and Commercial Finance Company Limited
Toyota Financial Services Vietnam Company Limited
Vietnam Shipbuilding Finance Company Limited
For more information on the market research report please refer to the link below:
https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/vietnam-auto-finance-market/180197-93.html
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Ken Research, Head Marketing
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1. Executive Summary
Market Size and overview
Competitive Analysis
Future Analysis and Projections
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Consolidated Research Approach
Market Sizing – Vietnam auto finance market
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Regression Matrix
Limitations
Final Conclusion
3. Vietnam Auto Finance Market Timeline, Overview & Ecosystem
3.1. Market Timeline, 1957-2018
3.2. Market Overview, 2013-2013
3.3. Vietnam Auto Finance Market Ecosystem, 2018
4. Vietnam Auto Finance Value Chain Analysis
4.1. Vendor Selection Process
4.2. Pain Points for Customer and Credit Institutions
5. Vietnam Auto Finance Market Size, 2012-2018
5.1. By Credit Disbursed, Auto Loan Outstanding & Number Of Automobiles Financed, 2012-2018
Loan Proportions, 2012-2018
5.2. Trends and Development in Vietnam Auto Finance Market, 2018
Growing Consumer Confidence Index
Increase in Vehicle Sales
Import Tax Cut
Motorbike Dominance
Foreign Partnership
Domestic Car Manufacturer
5.3. Challenges in Vietnam Auto Finance Market, 2018
Small Scale Production and Competition
Unavailability of Supplies and Substandard Supply Chain
Government Restrictions
Counterfeit Products
6. Vietnam Auto Finance Market Segmentation, 2012-2018
6.1. By Type of Vehicle (Passenger and Commercial), 2012-2018
6.2. By Tenure of Loan, 2018
6.3. By Type of Institutions (Banks and Non-Bank Financial Institutions), 2018
7. Government Regulations, Major Associations & General Documents for Auto Financing, 2018
7.1. Regulatory Framework for Vietnam Credit Institutions
7.2. Major Associations
Credit Associataion
Vietnam banks Association (VNBA)
7.3. General Requirements and Documentation for New and Used Car Financing in Vietnam
Loan Application Terms
Lending Terms
8. Snapshot on Automotive Space in Vietnam, 2018
9. SWOT Analysis of Vietnam’s Auto Finance Market, 2018
10. Vietnam Auto Finance Market Competitive Scenario, 2018
10.1. Competition Nature, Business Positioning & Competition Parameters, 2018
10.2. Market Rank of Top Entities, 2018
10.3. Strengths And Weaknesses of Major Credit Institutions, 2018
11. Company Profiles for Major Banks in Vietnam, 2018
11.1. Tien Phong Bank
11.2. Vietcombank
11.3. Agribank
11.4. Shinhan Bank Vietnam
11.5. Vietinbank
11.6. Saigon Hanoi Bank
11.7. Techcombank
11.8. Bank for Investment and Development of Vietnam (BIDV)
11.9. Vietnam International Bank (VIB)
12. Company Profiles for Major Non Banking Institutions in Vietnam, 2018
Consumer Finance Companies
12.1. FE Credit
12.2. Home Credit Vietnam
12.3. HD Saison
Captive Finance Companies
13. Vietnam Auto Finance Market Future Outlook and Projection, 2019E-2023E
13.1. Market Size on the Basis of Credit Disbursed And Auto Loan Outstanding, 2019E-2023E
13.2. Market Segmentation, 2019E-2023E
13.2.1. By Type of Vehicle (Passenger & Commercial), 2019E-2023E
13.2.2. By Institution (Banks and Non-Banking Financial Institution), 2023E
14. Analyst Recommendation
15. Disclaimer
16. Contact Us
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