50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments 2020-2029

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Dublin, September 8, 2022 (GLOBE NEWSWIRE) — The “Vietnam Embedded Finance Business and Investment Opportunities Databook – 50+ KPIs on Embedd Lending, Insurance, Payment, and Wealth Segments – Q1 2022 Update” Report has been added to ResearchAndMarkets.com offering.

Vietnam’s integrated finance industry is expected to grow by 66.3% annually to reach US$336.4 million in 2022.

The integrated finance industry is expected to grow steadily during the forecast period, registering a CAGR of 40.5% during 2022-2029. The financial income incorporated in the country will increase from US$336.4 million in 2022 to US$2,188.4 million in 2029.

Growth in technology adoption in the country’s insurance sector supported the integrated insurance market. Market players are pioneering AI and digitization technologies for sales and distribution activities and strategizing to take advantage of the opportunities prevailing in the industry.

The government of Vietnam has established a program with the vision of transforming Vietnam into a digital country. The program includes the plans and goals to be achieved by the year 2025. The Vietnamese government’s development efforts for the country’s digital transformation are expected to boost the integrated insurance market in the coming years.

Insurtechs is raising funds to expand its product portfolio in the Vietnamese integrated insurance industry. In 2020, Papaya Insurtech, a Vietnam-based insurtech company, raised seed money and now hopes to raise US$1 million.

The company plans to invest funds in automation and digitization technologies. According to the publisher’s analysis, the growth of financing activities by insurtech players in Vietnam is expected to accompany technological advances in the sector, which will support the development of the integrated insurance market.

Like other bundled financing offerings, bundled loans are relatively new in Vietnam. The unregulated market also allows market players to enter the market without difficulty. The young and digitally savvy population, low rates of formal financial inclusion, and strong smartphone and internet penetration have made the country a hotspot among foreign fintech players.

In September 2021, Indonesian-based startup Kredivo, buy now, pay later (BNPL), entered into a partnership with Vietnam-based family investment office Phoenix Holdings. Kredivio plans to capitalize on Phoenix Holding’s existing client base and expand its position in Vietnam’s integrated loan market.

In addition, conventional financial institutions are also launching BNPL loan options to provide a seamless customer experience for customers.

In October 2021, Vietnam-based Lotte Finance launched the BNPL service to improve the online shopping experience for Vietnamese customers.

Like other integrated finance offerings, integrated payment is relatively new in Vietnam. However, the unregulated market also allows new entrants to enter the market without difficulty, resulting in increased attention from integrated payment providers to the country.

This report provides a detailed data-driven analysis of market opportunities in more than 50 segments in the integrated finance industry covering loan, insurance, payment and wealth sectors.


Vietnam Integrated Finance Market Size and Forecast

Vietnam Embedded Loan Market Size and Forecast

Integrated loans by consumer segments, 2020 – 2029

  • business loans

  • retail loans

Integrated financing by B2B sectors, 2020 – 2029

  • Embedded loans in consumer and retail goods

  • Integrated loans in IT services and software

  • Integrated loans in media, entertainment and leisure

  • Integrated loans in manufacturing and distribution

  • Integrated loans in real estate

  • Loans integrated into other

Loans incorporated by B2C sectors, 2020 – 2029

  • Integrated loans in retail purchases

  • Embedded Home Improvement Loans

  • Loans integrated into leisure and entertainment

  • Integrated loans in health and well-being

  • Loans integrated into other

Vietnam Integrated Insurance Market Size and Forecast

Insurance integrated by industry, 2020 – 2029

  • Insurance integrated into consumer products

  • Integrated travel and hospitality insurance

  • Integrated Automotive Insurance

  • Integrated health care insurance

  • Integrated Insurance in Real Estate

  • Integrated Insurance in Transport and Logistics

  • Insurance Embedded in Others

Integrated insurance by type of insurance, 2020 – 2029

Integrated insurance by type of offer, 2020 – 2029

Vietnam Integrated Payments Market Size and Forecast

Integrated payment by consumer segments, 2020 – 2029

Integrated payment by end-use sector, 2020 – 2029

  • Integrated payment in consumer and retail goods

  • Integrated payment in digital products and services

  • Integrated payment in the payment of utility bills

  • Built-in payment in travel and hospitality

  • Integrated Payment in Leisure and Entertainment

  • Integrated Payment in Health and Welfare

  • Embedded payment on office supplies and equipment

  • Payment Integrated in Other

Vietnam Integrated Wealth Management Market Size and Forecast

For more information on this report, visit https://www.researchandmarkets.com/r/iqpu3w

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