Vietnamese Payment Card Market Set to Double by 2013

Vietnamese payment card market is relatively small but one of the fastest moving markets in the world. It has grown nearly three-fold over the last two years ending August 2009. Debit cards dominate the market whereas credit cards are relatively new in the market and account just for 2% of the total market for payment cards in the country. Therefore, the market for credit cards remains largely untapped and full of opportunities.

We find ample scope for further developments in the Vietnamese payment card market. The market is expected to grow at CAGR of around 20% during 2010-2013. Debit cards with domestic acceptance will continue dominating the market. However, credit cards and internationally accepted cards will still have to cover a long path.

The report provides an extensive research and rational analysis along with reliable statistics of the payment card (debit as well as credit cards) market in Vietnam. The report thoroughly analyzes current market trends, new developments and competitive landscape to enable clients understand the market structure and its progress in coming years. Considering the recent developments and shift in macroeconomic factors, the report also features future outlook of the payment card industry, which will help clients in taking more rational investment decisions.

"Vietnam Plastic Card Market Forecast to 2013" especially emphasizes on the competitive landscape of important players operating in the country. It has identified the major players in each of the segments discussed in the report like debit cards, credit cards etc. In addition to this, the report also focuses on the technological developments in the payment cards market and answers the key questions like what is the share of cards with magnetic stripe and chip cards. This enables clients to have deeper insight into payment card market in Vietnam and helps in exploring newer opportunities in the market.

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