While major consumer finance firms in Vietnam have reported strong growth, Mcredit posted an unexpected 87 per cent drop in profit for the first half of 2024.
The reduction aims to boost consumer spending for three months.
The consumer goods group has successfully finalized the acquisition of a $250 million investment from Bain Capital, a prominent global private investment firm.
Phu Quoc Island is an ideal choice for travel and long-term relaxation, with a complete visa exemption policy for international visitors, a temporary stay of up to 30 days, a populous and rich nature, and impressive architecture.
Leaders can keep in mind that consumer power can scale change, and it is need to make sustainable choices easier for consumers.
Possible correlations between the companies’ performance and their transformation approaches are found in a recent EY-Parthenon study.
There are three sectors that VinaCapital expects to benefit from very strong outlook for Vietnam’s GDP growth, including banking that has a circa 30 per cent weighting in the VN-Index), property (23 per cent), and consumer discretionary stocks (3 per cent).
Managing used plastic as a valuable resource provides a sound business case for scaling up recycling and other plastic circularity efforts, while promoting sustainable economic development, according to IFC – World Bank study.
Consumers need to use their power in making purchasing decisions to express their attitudes towards businesses that are irresponsible to the environment, thereby creating pressure to promote sustainable production and consumption.
In per-labour-force terms, consumer debt even jumped from 41 per cent of income in 2013 to more than 100 per cent in 2020, according to HSBC.
Overcoming the first wave of Covid-19, in the second quarter of 2020, Vietnam became the second most optimistic country globally with Consumer Confidence Index of 117 points.
The government of Vietnam decided to temporarily suspend visa exemption for citizens from Denmark, Norway, Finland, Sweden, the UK, France, Germany, and Spain amid complicated Covid-19 outbreak.
South Korean citizens who want to enter Vietnam will have to obtain a suitable visa type issued by Vietnam.
Launching a business accelerator programme at this point in time seems to be the right move for FE Credit as it seeks to reach deeper into remote and far away areas in Vietnam. How talented fintechs can help the consumer finance company elevate further is now explained by Basker Rangachari, Chief Marketing Officer of FE Credit.
