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Vietnam Embedded Finance Business and Investment Opportunities Databook - 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments - Q1 2022 Update

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    Report

  • 60 Pages
  • February 2022
  • Region: Vietnam
  • PayNXT360
  • ID: 5547727
According to the Q4 2021 Embedded Finance Survey, Embedded Finance industry in the country is expected to grow by 66.3% on annual basis to reach US$336.4 million in 2022.

The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 40.5% during 2022-2029. The embedded finance revenues in the country will increase from US$336.4 million in 2022 to reach US$2,188.4 million by 2029.

Growth in technology adoption in the country's insurance sector supported the embedded insurance market. Market players are pioneering AI technologies and digitization for sales and distribution activities and strategizing to seize the opportunities prevailing in the industry.

The government of Vietnam has established a program with a vision to transform Vietnam into a digital country. The program includes the plans and objectives to be achieved by the year 2025. The Vietnam government's development efforts for the country’s digital transformation are expected to fuel the embedded insurance market in the forthcoming years.

Insurtechs are raising funds to expand their product portfolio in the Vietnamese embedded insurance industry. In 2020, Papaya Insurtech, a Vietnam-based insurtech company, raised pre-seed money and is now looking forward to raising US$1 million. The company is planning to invest funding into automation and digitization technologies. As per the publisher's analysis, the growth in funding activities by insurtech players in Vietnam is expected to rope in technological advancements in the sector, consequently supporting the development of the embedded insurance market.

Like other embedded finance offerings, embedded lending is relatively new in Vietnam. The unregulated market is also allowing market players to enter the market without difficulty. The young and digital-savvy population, low rates of formal financial inclusion, and strong smartphone and Internet penetration have made the country a point of attention among foreign fintech players. For instance,
  • In September 2021, Indonesia-based buy now, pay later (BNPL) start-up Kredivo entered into a partnership with Vietnam-based family investment office Phoenix Holdings. Kredivio is planning to capitalize on Phoenix Holding’s existing client base and expand its foothold in the Vietnamese embedded lending market.

Furthermore, conventional financial institutions are also launching BNPL lending options to provide a seamless customer experience to customers. For instance,
  • In October 2021, Vietnam-based Lotte Finance launched the BNPL service to improve the online buying experience of Vietnamese customers.

Like other embedded finance offerings, embedded payment is relatively new in Vietnam. However, the unregulated market also allows new entrants to enter the market without difficulty, resulting in the growing attention of embedded payment providers towards the country.

This report provides a detailed data centric analysis of market opportunity across 50+ segments in embedded finance industry covering lending, insurance, payment, and wealth sectors.

Scope


This report provides in-depth, data-centric analysis of Embedded Finance industry in Vietnam. Below is a summary of key market segments:

Vietnam Embedded Finance Market Size and Forecast


Vietnam Embedded Lending Market Size and Forecast


Embedded Lending by Consumer Segments, 2020 - 2029

  • Business Lending
  • Retail Lending

Embedded Lending by B2B Sectors, 2020 - 2029

  • Embedded Lending in Retail & Consumer Goods
  • Embedded Lending in IT & Software Services
  • Embedded Lending in Media, Entertainment & Leisure
  • Embedded Lending in Manufacturing & Distribution
  • Embedded Lending in Real Estate
  • Embedded Lending in Other

Embedded Lending by B2C Sectors, 2020 - 2029

  • Embedded Lending in Retail Shopping
  • Embedded Lending in Home Improvement
  • Embedded Lending in Leisure & Entertainment
  • Embedded Lending in Healthcare and Wellness
  • Embedded Lending in Other

Vietnam Embedded Insurance Market Size and Forecast


Embedded Insurance by Industry, 2020 - 2029

  • Embedded Insurance in Consumer Products
  • Embedded Insurance in Travel & Hospitality
  • Embedded Insurance in Automotive
  • Embedded Insurance in Healthcare
  • Embedded Insurance in Real Estate
  • Embedded Insurance in Transport & Logistics
  • Embedded Insurance in Others

Embedded Insurance by Insurance Type, 2020 - 2029

  • Embedded Insurance in Life Segment
  • Embedded Insurance in Non-Life Segment

Embedded Insurance by Type of Offering, 2020 - 2029

  • Embedded Insurance in Product Segment
  • Embedded Insurance in Service Segment

Vietnam Embedded Payment Market Size and Forecast


Embedded Payment by Consumer Segments, 2020 - 2029

  • B2B
  • B2C

Embedded Payment by End-Use Sector, 2020 - 2029

  • Embedded Payment in Retail & Consumer Goods
  • Embedded Payment in Digital Products & Services
  • Embedded Payment in Utility Bill Payment
  • Embedded Payment in Travel & Hospitality
  • Embedded Payment in Leisure & Entertainment
  • Embedded Payment in Health & Wellness
  • Embedded Payment in Office Supplies & Equipment
  • Embedded Payment in Other

Vietnam Embedded Wealth Management Market Size and Forecast


Reasons to buy

  • In-depth Understanding of Embedded Finance Market Dynamics: Understand market opportunities and key trends along with forecast (2019-2028).
  • Insights into Opportunity by end-use sectors - Get market dynamics by end-use sectors to assess emerging opportunity across various end-use sectors.
  • Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate embedded finance strategy; assess market specific key trends, drivers, and risks in the industry.
  • Get Sector Insights: Drawing from proprietary survey results, this report identifies opportunities across embedded lending, embedded insurance, embedded finance, and embedded wealth sectors.

Table of Contents

1 About this Report
1.1 Summary
1.2 Methodology
1.3 Embedded Finance Definitions
1.4 Disclaimer
2 Vietnam Embedded Finance Industry Market Size and Forecast
2.1 Vietnam Embedded Finance - Revenue Trend Analysis, 2020-2029
2.2 Vietnam Embedded Finance Market Share Analysis by Key Sectors
3 Vietnam Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
4 Vietnam Embedded Insurance Industry Market Size and Forecast by Type of Insurance
4.1 Market Share Analysis by Type of Insurance
4.2 Life Insurance - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
4.3 Non-Life Insurance - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5 Vietnam Embedded Insurance Industry Market Size and Forecast by End Use Industry
5.1 Market Share Analysis by End Use Industry Segments
5.2 Consumer Products - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.3 Travel & Hospitality - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.4 Automotive - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.5 Healthcare - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.6 Real Estate - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.7 Transport & Logistics - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.8 Other - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
6 Vietnam Embedded Insurance Industry Market Size and Forecast by Type of Offering
6.1 Market Share Analysis by Type of Offering
6.2 Product Based Insurance - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
6.3 Service Based Insurance - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
7 Vietnam Embedded Lending Industry Market Size and Forecast, 2020-2029
8 Vietnam Embedded Lending Industry Market Size and Forecast by Consumer Segment
8.1 Market Share Analysis by Consumer Segment
8.2 B2B Lending - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
8.3 B2C Lending - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9 Vietnam Embedded Lending Industry Market Size and Forecast by Business to Business (B2B) Sectors
9.1 Market Share Analysis by B2B Sectors
9.2 Retail & Consumer Goods Lending - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.3 IT & Software Services - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.4 Transport & Logistics - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.5 Manufacturing & Distribution - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.6 Real Estate - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.7 Other - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10 Vietnam Embedded Lending Industry Market Size and Forecast by Business to Consumer (B2C) Sectors
10.1 Market Share Analysis by B2C Sectors
10.2 Retail & Consumer Goods Lending - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10.3 Home Improvement - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10.4 Leisure & Entertainment - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10.5 Healthcare & Wellness - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10.6 Other - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
11 Vietnam Embedded Payment Industry Market Size and Forecast, 2020-2029
12 Vietnam Embedded Payment Industry Market Size and Forecast by Consumer Segment
12.1 Market Share Analysis by Consumer Segment
12.2 B2B Payment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
12.3 B2C Payment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13 Vietnam Embedded Payment Industry Market Size and Forecast by End Use Segment
13.1 Market Share Analysis by End Use Segment
13.2 Retail & Consumer Goods Lending - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.3 Digital Products & Services - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.4 Utility Bill Payment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.5 Travel & Hospitality - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.6 Leisure & Entertainment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.7 Health & Wellness - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.8 Office Supplies & Equipment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.9 Other - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
14 Vietnam Embedded Wealth Management Industry Market Size and Forecast, 2020-2029
15 Further Reading
15.1 About the Publisher

List of Figures

Figure 1: Methodology Framework
Figure 2: Vietnam Embedded Finance - Revenue (US$ Million), 2020-2029
Figure 3: Vietnam Embedded Finance Market Share Analysis by Key Sectors (%), 2020-2029
Figure 4: Vietnam Embedded Insurance - Revenue (US$ Million), 2020-2029
Figure 5: Market Share Analysis by Type of Insurance (%), 2020-2029
Figure 6: Life Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 7: Non-Life Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 8: Market Share Analysis by End Use Industry Segments, 2021 Vs. 2029
Figure 9: Consumer Products - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 10: Travel & Hospitality - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 11: Automotive - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 12: Healthcare - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 13: Real Estate - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 14: Transport & Logistics - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 15: Other - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 16: Market Share Analysis by Type of Offering (%), 2020-2029
Figure 17: Product Based Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 18: Service Based Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 19: Vietnam Embedded Lending - Revenue (US$ Million), 2020-2029
Figure 20: Market Share Analysis by Consumer Segment (%), 2020-2029
Figure 21: B2B Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 22: B2C Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 23: Market Share Analysis by B2B Sectors (%), 2021 Vs. 2029
Figure 24: Retail & Consumer Goods Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 25: IT & Software Services - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 26: Transport & Logistics - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 27: Manufacturing & Distribution - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 28: Real Estate - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 29: Other - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 30: Market Share Analysis by B2C Sectors (%), 2021 Vs. 2029
Figure 31: Retail & Consumer Goods Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 32: Home Improvement - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 33: Leisure & Entertainment - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 34: Healthcare & Wellness - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 35: Other - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 36: Vietnam Embedded Payment - Revenue (US$ Million), 2020-2029
Figure 37: Market Share Analysis by Consumer Segment (%), 2020-2029
Figure 38: B2B Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 39: B2C Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 40: Market Share Analysis by End Use Segment (%), 2021
Figure 41: Retail & Consumer Goods Lending - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 42: Digital Products & Services - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 43: Utility Bill Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 44: Travel & Hospitality - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 45: Leisure & Entertainment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 46: Health & Wellness - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 47: Office Supplies & Equipment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 48: Other - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 49: Vietnam Embedded Wealth Management - Revenue (US$ Million), 2020-2029

List of Tables

Table 1: Vietnam Embedded Finance - Revenue (US$ Million), 2020-2029
Table 2: Vietnam Embedded Insurance - Revenue (US$ Million), 2020-2029
Table 3: Life Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 4: Non-Life Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 5: Consumer Products - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 6: Travel & Hospitality - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 7: Automotive - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
Table 8: Healthcare - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 9: Real Estate - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 10: Transport & Logistics - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 11: Other - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 12: Product Based Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 13: Service Based Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 14: Vietnam Embedded Lending - Revenue (US$ Million), 2020-2029
Table 15: B2B Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 16: B2C Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 17: Retail & Consumer Goods Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 18: IT & Software Services - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 19: Transport & Logistics - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 20: Manufacturing & Distribution - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 21: Real Estate - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 22: Other - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 23: Retail & Consumer Goods Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 24: Home Improvement - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 25: Leisure & Entertainment - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 26: Healthcare & Wellness - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 27: Other - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 28: Vietnam Embedded Payment - Revenue (US$ Million), 2020-2029
Table 29: B2B Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 30: B2C Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 31: Retail & Consumer Goods Lending - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 32: Digital Products & Services - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 33: Utility Bill Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 34: Travel & Hospitality - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 35: Leisure & Entertainment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 36: Health & Wellness - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 37: Office Supplies & Equipment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 38: Other - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 39: Vietnam Embedded Wealth Management - Revenue (US$ Million), 2020-2029

Methodology

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