Double-Digit Growth Expected in Vietnam's Plastic Money Market

The Vietnamese payment card market has been registering an excellent growth, and is expected to expand further over the next few years, says RNCOS in its new research report.

Noida, India (prHWY.com) February 15, 2012 - In Vietnam, the payment card market has been rapidly growing for the past few years, and there exists a huge scope for further development of credit, prepaid and debit cards in the country. A new research report by RNCOS says that technological developments and emerging trend of e-commerce will keep on supporting the market growth in the coming years. Besides, debit cards will continue to lead the market in near future. With the rising banking penetration, government inititatives and employment opportunities, it is anticipated that the payment card market in Vietnam will grow at a CAGR of around 20.4% during 2011-2014.

Research Analysis & Highlights

The report, "Vietnam Plastic Card Market Forecast to 2013" is spread over 45 pages and provides an in-depth research and rational analysis of the payment card industry in Vietnam. It studies and analyzes the emerging market trends, current developments, and competitive landscape to help clients understand the market structure, its dynamics and expected progress in the coming years. The research specifically and carefully looks into technological developments and presents forecast to portray the industry's clear picture to every investor or player who is looking to enter the market.

Some of the key findings of the report are:

- Vietnamese banks are trying to strengthen their competitiveness by adding more services.
- e-wallet services are being promoted to help customers make payments and transactions in a most convenient way.
- Growing network infrastructure is contributing significantly to the market growth.
- Usage of non-cash payments will strongly increase in coming years due to initiatives taken by the Vietnamese government.

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

Categories: Banking

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