As per our new report "Vietnam Financial Sector Forecast to 2013", the Vietnamese financial market has rapidly expanded over the past few years and has gained great strategic importance at the global level. With the rapid liberalization, privatization and globalization of the market, Vietnam has become a preferred destination for international financial investors, particularly banking investors.
Our findings show that the banking sector in Vietnam has unprecedented growth potential. The banking assets are expected to grow at a CAGR of about 21% during 2009-2013. The sector is highly underdeveloped as compared to the banking sector of other Asian economies like India and China. Most of the Vietnamese are still unbanked and use traditional ways of saving money and financing their needs.
Moreover, as the consumer lending in the Vietnam has not been actually developed, the banking sector in the country remained mostly unaffected from the negative impact of the global economic crisis. We found that most of the Vietnamese still rely on cash buying, and thus, use of credit products is negligible compared to other parts of world. These all factors make Vietnam full of potentials for exploring opportunities in the banking sector. Our report tries to explore all those possible opportunities and challenges which are needed to be taken care of by the investors.
"Vietnam Financial Sector Forecast to 2013" provides detailed information, reliable statistics, comparable data and prudent analysis of the financial sector in Vietnam. It gives deep insight into each of the banking and insurance parameters like assets, loans, deposits, payment instruments, and life and non-life insurance products.
Most importantly, the report gives future outlook for each of the important aspects of the industry (assets, loans, deposits, insurance premium etc), considering the effects of the global economic crisis on base drivers, opportunities and challenges faced by the financial sector. The report has also identified and analyzed the key players operating in both banking as well as insurance industry.
For more information visit: http://www.rncos.com/Report/IM230.htm |
