Sector Preview: Vietnam Auto Loan Market

FiinGroup proudly presents our latest publication “Vietnam Auto Loan Market”. This issue highlights the vibrant recovery of Vietnam's auto market, fueled by rising EV demand and government incentives. It forecasts a B2C autoloan rebound in 2025, supported by stable interest rates and increased consumer spending. With banks dominating 90% of the market, FinCos are emerging as dynamic competitors, reshaping the landscape.  

FiinGroup proudly presents our latest publication “Vietnam Auto Loan Market”. This issue highlights the vibrant recovery of Vietnam's auto market, fueled by rising EV demand and government incentives. It forecasts a B2C autoloan rebound in 2025, supported by stable interest rates and increased consumer spending. With banks dominating 90% of the market, FinCos are emerging as dynamic competitors, reshaping the landscape.  

Below are the key findings:    

• Vietnam's Auto Market Sees Vibrant Recovery Fueled by Electric Vehicles: the four-wheeler sector in Vietnam is witnessing a robust resurgence in late 2024, primarily driven by a surge in electric vehicle demand, thanks to enticing government incentives and shifting consumer preferences.  

• Recovery Expected for B2C Autoloan Sector in 2025: After experiencing a downturn since 2023, the B2C auto loan market is anticipated to bounce back in 2025, aligning with the revival of the automotive industry and an expected uptick in consumer spending.  

• Government Measures Ignite Auto Demand: Key government initiatives, such as reductions in registration fees and various tax breaks, significantly stimulated interest in electric and gasoline-powered passenger vehicles.  

• Autoloan Interest Rates on the Decline: Since late 2023, auto loan interest rates have been declining, driven by a stable interest rate environment and promotional initiatives from Banks & FinCos to draw in borrowers. A consistent interest rate landscape is anticipated in 2025, which will further promote the growth of the auto loan market.  

• Banks Continue to Lead, While FinCos Gaining Ground: Banks maintained their dominance in the auto loan market, commanding about 90% of the share, but FinCos are progressively expanding their presence, creating a more dynamic competitive landscape.  

For the full sector preview, kindly access HERE.   

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For further insights into key sectors in Vietnam, including Plastic, Packaging, Water Supply, Utilities, Logistics, Energy, Renewable Energy, Cement, and Financial Services, please visit our website at https://fiinresearch.vn. 

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