Boom in multi-channel shopping trends, attractive consumer market rebounds
Many economic experts state that if government spending is the main driving force for growth in 2023, then in 2024, the economy may be driven by consumption. Solutions to promote commerce and services targeting domestic consumption will spread to manufacturing sectors, thereby supporting business recovery.
Moreover, according to McKinsey’s analysis, the optimistic prospects of middle-class consumers in Vietnam remain strong, even when faced with economic challenges and a post-recession period. The future of the Vietnamese economy seems promising in the next decade, with GDP growth expected to fluctuate between 2% and 7% from 2023 to 2030.
In terms of trends, Vietnamese consumers are increasingly favoring shopping through multiple channels, from traditional stores to online shopping. They desire smooth integration between channels to enjoy a comprehensive shopping experience. In particular, consumers are becoming more savvy and conscious of cost management.
Notably, to cope with economic challenges, personal financial solutions such as loans and automatic investments are also attracting consumer attention. They seek ways to optimize their expenses to maximize value.
After a period of stagnation in consumer loan demand, many people have become more interested in short-term consumer loans recently, thanks to many banks and financial companies offering low-interest loan packages and preferential lending programs. Loan products are also designed to meet diverse customer needs.
Benefits for consumers borrowing from ACB
For example, ACB is currently applying strong incentives for consumer loan products. Customers can borrow from ACB for personal and family living purposes at an interest rate starting from 0.6% per month. The fixed-rate loan promotion period can last up to 24 months, along with a principal grace period of up to 12 months. The repayment method for principal and interest is flexible to suit customers’ needs and cash flow. ACB also offers free early repayment when paying off additional principal up to VND 100 million per month, helping customers proactively manage their finances to repay loans at ACB.
The advantages of borrowing consumer loans at ACB include fast loan registration and approval processes, attractive interest rates, flexible repayment methods tailored to customers’ needs and cash flow, as well as quick document processing procedures.
With suitable credit limits according to customer needs, a loan term of up to 10 years, diverse and flexible financial proof options, ACB makes it easy for customers to access loans to serve their consumption needs and improve their quality of life without worrying about financial issues.
In addition to loans for daily shopping spending, ACB also offers many benefits for larger consumer loans such as car loans. Customers can use the purchased vehicle (new and used cars) as collateral, borrow up to 90% of the capital usage plan, and the maximum loan term is up to 7 years.
For more information, please visit https://acb.com.vn/vay-von/vay-tieu-dung-the-chap.
