Peer-To-Peer Lending In Viet Nam: A Review of Literature

Purpose: Fintech technologies have been developed very quickly and are starting to flood the market worldwide. This paper aims to conduct a literature review in peer-to-peer (P2P) lending in Vietnam. Design/methodology/approach: For Vietnamese borrowers without a bank account, peer-to-peer (P2P) lending may be the answer. Review of the literature relating to the emergent but fast spreading phenomenon of peer-to-peer (P2P) lending from 2018 to 2024 shows that peer-to-peer lending service is expected to become a major trend of the Vietnamese digital economy. The authors conducted Systematic Literature Review (SLR) on 54 Scopus and Web of Science database publications importing them in the Mendeley software. Findings: Several significant factors affect the intention to invest in P2P loans as shown in this study. The perceived risk, perceived security, trust propensity, platform service quality and government policy and regulations are the factors affecting its adoption. Research limitations/implications: This research also helps to identify the stakeholders that are the parties involved in P2P industry namely Buyers, Sellers, P2P Lending Platforms and others. Originality/value: The paper provides a review of the literature relating to the emergent but fast spreading phenomenon of peer-to-peer (P2P) lending from 2018 to 2024.