The private credit bureau coverage in Vietnam has shown a significant increase from 0 in 2013 to 29.6 in 2023, demonstrating a progressive enhancement in credit information infrastructure. The year-on-year variation depicts sharp increases initially, peaking in 2015 with a 392.86% rise and continuing robust growth until 2018. However, 2019 experienced a significant decline of 30.17%, followed by more moderated and stable expansions. The year 2023 saw a 5.71% rise, indicating steady maturation in the sector. The compound annual growth rate (CAGR) over the past five years has leveled to 0.068%, reflecting a stabilizing trend. Forecasts predict a continued albeit slower growth with a 5-year CAGR of 3.54%, anticipating credit bureau coverage to reach 37 by 2028.
Future trends to watch include technological advancements in credit risk assessment, regulatory changes affecting data privacy and financial integration, and increasing financial inclusion efforts. Monitoring these factors will be essential for understanding the evolving landscape and potential accelerators or obstacles in Vietnam's private credit bureau sector.
