Fvndit P2P growing alongside Vietnam’s economy into Emerging Market Status
Vietnam’s securities market has plenty of opportunities to be promoted from a frontier market to an emerging market this year. Just June last year, Vietnam’s equity market just narrowly missed being added to Morgan Stanley Capital International’s (MSCI) watch list according to the latest report released by the State Securities Commission (SSC). The MSCI is the US independent provider of research-driven insights and tools for institutional investors, for classification review for a possible lift from a frontier market to an emerging one.
Vietnam almost meets MSCI’s quantitative requirements to be added onto its watch list for a possible future upwards reclassification.The country has seven stocks that have satisfied MSCI’s quantitative requirements in terms of market size and liquidity.
Alongside the estimated current growth of 100,000 new SMEs per annum in Vietnam, Fvndit foresees itself to be a pivotal player in the SME lending space with its real competition only itself.
As of March 2018, Fvndit has now increased its loan disbursements to US$5.2M from the previous month with a staggering 88% of returning customers.
With it’s business on the ground making waves and setting new records, Fvndit has concurrently been putting together a more robust STO fund-raise for the global market to participate.
