International Card Market Likely to Expand in Vietnam

In the years to come, Vietnam's plastic card market will continue to grow, with the penetration of international cards expected to increase further in the country, says RNCOS.

Noida, India (prHWY.com) January 10, 2012 - With the rise in consumer awareness and e-commerce activities, payment cards have gained considerable popularity in Vietnam in the last few years. According to "Vietnam Plastic Card Market Forecast to 2013", the latest research report by RNCOS, the plastic card market in Vietnam is dominated by domestic cards, while the international card segment remains largely untapped and thus, offers immense opportunities. At present, Visa Card holds the majority share in the country's international card market. The Visa Card Company, which has joined hands with many local and foreign banks in Vietnam, is expected to dominate the country's international card market in future.

Vietnam's plastic card market is one of the world's fastest growing card markets, and the number of cards issued in the country nearly doubled during 2008-2010. The cards are being widely used in the country for shopping, and the huge demand for such cards is providing ample growth opportunities to card issuers, suppliers, and manufacturers. The report anticipates that with an increase in acceptance of credit cards, banking penetration and employment opportunities in Vietnam, the plastic cards will grow in volume terms at a CAGR of around 18.5% during 2011-2014.

With an aim to present a clear picture of Vietnam's Plastic Card Market, the report analyzes the emerging market trends, and discusses the major card issuers. It also covers the profiles of international credit card market players like Visa, American Express and Master Card. A look at Macro-economic factors and future outlook of the industry are the vital parts of the research. The technological developments discussed with respect to the payment card market will provide useful information to those investors or players who are planning to enter the market.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM240.htm

Some of our Related Reports are:

- Indian Payment Card Market Forecast to 2012
(http://www.rncos.com/Report/IM006.htm)
- China Credit Card Market Outlook to 2013 (http://www.rncos.com/Report/IM002.htm)
- Opportunities in Brazil Banking Sector (http://www.rncos.com/Report/IM523.htm)
- Turkey Banking Sector Forecast to 2012 (http://www.rncos.com/Report/IM177.htm)
- China Banking Sector Analysis (http://www.rncos.com/Report/IM315.htm)

Check Related REPORTS on: http://www.rncos.com/Banking&Insurance.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: vietnam bank cards market

Categories: Business

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