We’re reaching out with a short performance update from VAMO Vietnam (Hoang Kim Nhat Company Ltd.) for your current and potential investments in the Vietnam portfolio. Below are the key operational metrics provided by the company.
Since the launch of operations in 2019, the company has experienced consistent growth, with an impressive 50% year-on-year (YoY) surge in 2023, after maintaining steady performance throughout 2021 and 2022.
shares Anton Le, Country Manager of Vietnam VAMO.
We continue to successfully implement our strategy of growing portfolio and expanding presence in the market. Our efforts have resulted in a significant increase in revenue, with a 50% YoY growth in 2023, and a 70% growth in portfolio size reaching EUR 16.2 million as of now. We have successfully expanded our customer base by acquiring new clients and strengthening relationships with existing ones. As we forge ahead, we will continue to prioritize sustainable growth, customer satisfaction, and new solution development, thus, creating long-term value for all our stakeholders. Thank you for your continued support and trust in our company,
Let’s add some context with numbers year to date:
- 100% growth in sessions – marketing focused on investing resources into API solutions when working with affiliate and broker partners, which has opened doors to expanding new acquisition sources for VAMO Vietnam partners. New integrations established, 70% growth in organic traffic due to SEO efforts, and constant work on ensuring existing partners are motivated in promoting the brand.
- 90% growth in new applications – getting traffic is great but converting it into intent is another story. But this is not the case as the number of applications directly mirrors the company’s growth in new users.
- 150% in new sales – by joining the efforts of the marketing and risk team, the company has doubled new sales to date.
New development projects are in the pipeline, the ideas are already defined, and the development roadmap is in progress. As 2023 comes to a close, VAMO Vietnam aims to maintain its strong growth thus far!
About VAMO Vietnam
VAMO Vietnam is a consumer loan brand conducted within the peer-to-peer (P2P) business model based on a legal structure consisting of two legal entities – a consultancy service provider VIACONTO CO., LTD which connects borrowers and lenders through the online platform vamo.vn, and a lending company “Hoang Kim Nhat Company Limited” (HKNC), which provides relevant licensed business services.
If you have any questions, do not hesitate to contact us.