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.
Leaders can keep in mind that consumer power can scale change, and it is need to make sustainable choices easier for consumers.
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).
It is important that Vietnam takes action now to maintain its regional and global competitiveness, and not lag in economic recovery, leading foreign business associations have claimed.
A fast vaccination roll-out will help Vietnam quickly re-open up its economy after the novel pandemic.
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.
Having joined hands with the world's top corporations in different fields, combined with 30 years of experience in industrial real estate developments in Thailand, Laos, and Myanmar, AMATA is increasing its presence in the world with breakthrough projects.
Danh Khoi Group is fast changing itself through M&A deals, rebranding and diversified capital resources to move into a new era of development. TheLEADER talks with Nguyen Huu Quang, deputy general director of Danh Khoi Group about this momentous turning-point strategy.
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.
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.
The consortium led by the Singaporean sovereign wealth fund has collectively invested $500 million (VND11.6 trillion) for a minority stake in VCM Services and Trading Development JSC, a consumer retail arm of Vingroup.
Laguna Lang Co is moving through the gears in its efforts to promote active tourism in Central Vietnam through key support to one of Asia’s premier cycling events.
