Vietnam Embedded Finance Markets and Investment Opportunities Report 2022: Market is Expected to Grow by 66.3% to Reach $336.4 Million in 2022 – Forecast to 2029

DUBLIN, March 16, 2022–(BUSINESS WIRE)–The “Vietnam Embedded Finance Enterprise and Funding Alternatives Databook – 50+ KPIs on Embedded Lending, Insurance coverage, Fee, and Wealth Segments – Q1 2022 Replace” report has been added to ResearchAndMarkets.com’s providing.

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

The embedded finance trade 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 improve from US$336.4 million in 2022 to achieve 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 trade.

The federal government of Vietnam has established a program with a imaginative and prescient to remodel Vietnam right into a digital nation. This system contains the plans and targets to be achieved by the yr 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 broaden their product portfolio within the Vietnamese embedded insurance coverage trade. In 2020, Papaya Insurtech, a Vietnam-based insurtech firm, raised pre-seed cash and is now trying 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 a degree of consideration amongst overseas fintech gamers

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• 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. Kredivo is planning to capitalize on Phoenix Holding’s current shopper base and broaden its foothold within the Vietnamese embedded lending market.

Moreover, standard monetary establishments are additionally launching BNPL lending choices to supply a seamless buyer expertise to prospects.

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 the direction of the nation.

This report gives an in depth knowledge centric evaluation of market alternative throughout 50+ segments in embedded finance trade masking 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 Client Segments, 2020 – 2029

• Enterprise Lending

• Retail Lending

Embedded Lending by B2B Sectors, 2020 – 2029

• Embedded Lending in Retail & Client Items

• Embedded Lending in IT & Software program Providers

• 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 Residence 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 Trade, 2020 – 2029

• Embedded Insurance coverage in Client 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 by Kind of Providing, 2020 – 2029

Vietnam Embedded Fee Market Dimension and Forecast

Embedded Fee by Client Segments, 2020 – 2029

Embedded Fee by Finish-Use Sector, 2020 – 2029

• Embedded Fee in Retail & Client Items

• Embedded Fee in Digital Merchandise & Providers

• Embedded Fee in Utility Invoice Fee

• Embedded Fee in Journey & Hospitality

• Embedded Fee in Leisure & Leisure

• Embedded Fee in Well being & Wellness

• Embedded Fee in Workplace Provides & Gear

• Embedded Fee in Different

Vietnam Embedded Wealth Administration Market Dimension and Forecast

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