Personal consumer credit becoming lucrative businessVietNamNet Bridge - FE Credit is leading the consumer finance market with $1.4 billion worth of loans provided in 2016, accounting for 48 percent of market share. By the end of the year, the finance consumer value had reached VND598.5 trillion, an increase of 30 percent over 2015. Also according to BMI, consumer finance targets people of working age, expected to reach 56.2 million by 2020. Commercial banks tend to set up subsidiaries specializing in consumer finance or to take over existing companies. US$1=VND22,000RELATED NEWSReal estate lending disguised as consumer lendingVietnamese borrow $15 billion in consumer finance loansKim Chi

Source: VietNamNet News July 12, 2017 09:00 UTC