HÀ NỘI — Although "Buy now, Pay later" (BNPL) - a type of financing that allows consumers to make purchases and pay for them over time - is growing in popularity in Việt Nam, experts worry it could pose some financial risks if left uncontrolled. Huy said with BNPL, consumers can pay for items, normally of less than VNĐ10 million (US$423), in a series of interest-free instalments. This is an approach that could result in default risk underestimation. Although data-sharing has been legally regulated, specific rules for the BNPL industry have yet to be put in place. Senior Lecturer Huy said BNPL non-performing loans could soar if the industry is left to its own devices without governmental control.
