Ideas That Generate Results
Vietnam Financial Sector Forecast to 2018
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Publish Date : May, 2014| No. of Pages : 55
Vietnamese financial market has rapidly expanded during the past few years and has gained great strategic importance at the global level. With rapid liberalization, privatization and globalization of the market, Vietnam has become a preferred destination for international financial investors. The key financial sectors ‘banking’ and ‘insurance’ are attracting huge foreign investments as both these sectors represent highly untapped potential. With this, it is anticipated that the country’s total banking asset will grow at a CAGR of 16% during 2014-2018 while insurance premium would witness a CAGR of around 9% during the same period.
In their latest research study “Vietnam Financial Sector Forecast to 2018”, RNCOS’ analysts have identified and deciphered the market dynamics in important segments to clearly highlight the areas offering promising possibilities for companies to boost their growth. Various market drivers have also been incorporated into the report to provide a comprehensive understanding of the industry to clients.
The report provides detail information, reliable statistics, comparable data, and prudent analysis of the Vietnamese financial sector. It provides deep insight into each of the banking and insurance parameters like assets, loans, deposits, payment instruments, and life insurance, and the non-life insurance market. Most importantly, the report presents future outlook for each of the important aspects (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.
With a view to providing a balanced outlook of the country’s financial sector to clients, the report also includes the profiles of key industry players (Banks and Insurance companies) along with their recent developments. Overall, the objective of the study is to help clients understand the prospects of the industry, and make sound investment decisions in view of the same.