Vietnam Embedded Finance Markets Report 2022: Market to Reach $2,188.4 Million by 2029 from $336.4 Million in 2022

DUBLIN, Sept. 14, 2022 /PRNewswire/ — The “Vietnam Embedded Finance Enterprise and Funding Alternatives Databook – 50+ KPIs on Embedded Lending, Insurance coverage, Cost, and Wealth Segments – Q1 2022 Replace” report has been added to  ResearchAndMarkets.com’s providing.

Vietnam’s Embedded Finance business is predicted to develop by 66.3% on annual foundation to succeed in US$336.4 million in 2022.

The embedded finance business is predicted to develop steadily over the forecast interval, recording a CAGR of 40.5% throughout 2022-2029. The embedded finance revenues within the nation will enhance from US$336.4 million in 2022 to succeed in US$2,188.4 million by 2029.

Development in know-how adoption within the nation’s insurance coverage sector supported the embedded insurance coverage market. Market gamers are pioneering AI applied sciences and digitization for gross sales and distribution actions and strategizing to grab the alternatives prevailing within the business.

The federal government of Vietnam has established a program with a imaginative and prescient to rework Vietnam right into a digital nation. This system contains the plans and goals to be achieved by the 12 months 2025. The Vietnam authorities’s growth efforts for the nation’s digital transformation are anticipated to gasoline the embedded insurance coverage market within the forthcoming years.

Insurtechs are elevating funds to develop their product portfolio within the Vietnamese embedded insurance coverage business. In 2020, Papaya Insurtech, a Vietnam-based insurtech firm, raised pre-seed cash and is now wanting ahead to elevating US$1 million.

The corporate is planning to take a position funding into automation and digitization applied sciences. As per the writer’s evaluation, the expansion in funding actions by insurtech gamers in Vietnam is predicted to rope in technological developments within the sector, consequently supporting the event of the embedded insurance coverage market.

Like different embedded finance choices, embedded lending is comparatively new in Vietnam. The unregulated market can be permitting market gamers to enter the market with out issue. The younger and digital-savvy inhabitants, low charges of formal monetary inclusion, and robust smartphone and Web penetration have made the nation some extent of consideration amongst international fintech gamers

In September 2021, Indonesia-based purchase now, pay later (BNPL) start-up Kredivo entered right into a partnership with Vietnam-based household funding workplace Phoenix Holdings. Kredivio is planning to capitalize on Phoenix Holding’s current shopper base and develop its foothold within the Vietnamese embedded lending market.

Moreover, typical monetary establishments are additionally launching BNPL lending choices to offer a seamless buyer expertise to clients. 

In October 2021, Vietnam-based Lotte Finance launched the BNPL service to enhance the web shopping for expertise of Vietnamese clients.

Like different embedded finance choices, embedded fee is comparatively new in Vietnam. Nonetheless, the unregulated market additionally permits new entrants to enter the market with out issue, ensuing within the rising consideration of embedded fee suppliers in direction of the nation.

This report offers an in depth information centric evaluation of market alternative throughout 50+ segments in embedded finance business overlaying lending, insurance coverage, fee, and wealth sectors.

Scope

Vietnam Embedded Finance Market Dimension and Forecast

Vietnam Embedded Lending Market Dimension and Forecast

Embedded Lending by Shopper Segments, 2020 – 2029

• Enterprise Lending
• Retail Lending

Embedded Lending by B2B Sectors, 2020 – 2029

• Embedded Lending in Retail & Shopper Items
• Embedded Lending in IT & Software program Companies
• Embedded Lending in Media, Leisure & Leisure
• Embedded Lending in Manufacturing & Distribution
• Embedded Lending in Actual Property
• Embedded Lending in Different

Embedded Lending by B2C Sectors, 2020 – 2029

• Embedded Lending in Retail Buying
• Embedded Lending in Dwelling Enchancment
• Embedded Lending in Leisure & Leisure
• Embedded Lending in Healthcare and Wellness
• Embedded Lending in Different

Vietnam Embedded Insurance coverage Market Dimension and Forecast

Embedded Insurance coverage by Business, 2020 – 2029

• Embedded Insurance coverage in Shopper Merchandise
• Embedded Insurance coverage in Journey & Hospitality
• Embedded Insurance coverage in Automotive
• Embedded Insurance coverage in Healthcare
• Embedded Insurance coverage in Actual Property
• Embedded Insurance coverage in Transport & Logistics
• Embedded Insurance coverage in Others

Embedded Insurance coverage by Insurance coverage Kind, 2020 – 2029

• Embedded Insurance coverage in Life Section
• Embedded Insurance coverage in Non-Life Section

Embedded Insurance coverage by Kind of Providing, 2020 – 2029

• Embedded Insurance coverage in Product Section
• Embedded Insurance coverage in Service Section

Vietnam Embedded Cost Market Dimension and Forecast

Embedded Cost by Shopper Segments, 2020 – 2029

Embedded Cost by Finish-Use Sector, 2020 – 2029

• Embedded Cost in Retail & Shopper Items
• Embedded Cost in Digital Merchandise & Companies
• Embedded Cost in Utility Invoice Cost
• Embedded Cost in Journey & Hospitality
• Embedded Cost in Leisure & Leisure
• Embedded Cost in Well being & Wellness
• Embedded Cost in Workplace Provides & Gear
• Embedded Cost in Different

Vietnam Embedded Wealth Administration Market Dimension and Forecast

For extra details about this report go to https://www.researchandmarkets.com/r/6rmo1

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