Rising Number of Bank Cards Driving Vietnam Plastic Card Market

The total number of bank cards in Vietnam is expected to grow at a CAGR of 13.5% during 2012-2015, says RNCOS in its latest research report.

NOIDA, India (prHWY.com) January 6, 2013 - Over the past few years, Vietnam bank card market is witnessing significant growth. Bank cards like debit card and credit card is gaining huge popularity in the country as compared to the other growing card markets. The number of bank cards is increasing continuously on the back of rising consumer awareness and technology advancements. In addition, the government is also supporting the bank card market by putting compulsion on salary payment of permanent employees via banks. Moreover, there is huge growth potential for the untapped bank card market in the country on the back of increasing acceptance of credit cards, rising employment opportunities and growing banking penetration. Therefore, considering all these factors, it is anticipated that the total number of bank cards in Vietnam will grow at a CAGR of 13.5% during 2012-2015.

According to our research report, "Vietnam Plastic Card Market Forecast to 2015", the Vietnam plastic card market is one of the fastest growing card markets in the world. The market is showing impressive growth over the past few years on the back of rising card usage channels including ATMs and POS terminals. In addition, the growing young population and increasing personal disposable income is further fuelling the plastic card market in the county.

Moreover, our report provides a detailed analysis of the payment card industry including bank cards, store cards and club cards. It also covers leading ATMs card issuers along with the card manufactures. The report also provides an in-depth analysis of the card usage channels including ATMs and POS terminals along with the card expenditure by category like clothing & footwear, travel & transport, etc. Further, our report presents the future outlook for the industry along with the macroeconomic factors of the country.

Our report, "Vietnam Plastic Card Market Forecast to 2015", is the outcome of extensive research and objective analysis of the plastic card market in the country. It covers the comprehensive analysis of the key market players including their recent developments and future strategies. In addition, we also covered the detailed analysis of the emerging market trends along with the technological advancements to portray the industry's clear picture to those investors or players who are planning to enter the market.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM464.htm

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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 intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: vietnam bank cards

Categories: Banking

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