Usage of Bank Cards in Vietnam to Grow by Leaps and Bounds

According to our recent report "Vietnam Plastic Card Market Forecast to 2013", Vietnam’s payment card market is relatively small, but one of the most dynamic markets in the world. With continuous rise in young population, Vietnamese payment card market, which includes both credit cards and debit cards, has been growing rapidly for the past few years and is expected to post a CAGR of over 18% during the forecast period (2011-2014).

 

As per our research, the main reason for the growth of the market includes continuous rise in young population and emerging trend of e-commerce in the country. Along with this trend, various other strong fundamental drivers discussed and analyzed in the report will enable this segment to sustain its upward growth trend in the coming years.

 

Further, we have also analyzed that the bank cards are being increasingly used in numerous shopping malls and various on-line portals that carry luxury or world-class brands of consumer goods. This huge demand for payment cards is providing tremendous growth opportunities for card issuers, suppliers, and manufacturers.

 

With the growing popularity of bank cards, banks, such as Vietcombank, Eximbank, ACB, Sacombank, Vietinbank, VIB bank, SeABank, and PG Bank have implemented a number of programmes to develop and encourage spending by card domestically and abroad. Apart from this, various initiatives by the government will also contribute in the increasing usage of payment cards, especially debit cards.

 

Our report “Vietnam Plastic Card Market Forecast to 2013”, lays special emphasis on the business description of key players operating in the country and also reveals their recent activities. It has identified major players in each of the segments discussed in the report, such as debit cards, credit cards, etc. Our report also illustrates key macroeconomic factors and also features future outlook of the payment card industry. In addition, the report focuses on the technological developments in the payment card market and tries to answer the crucial questions that concern every investor or player looking to enter the market.

For more information visit: http://www.rncos.com/Report/IM240.htm