Vietnam Plastic Card Market Poised to Grow Magnificently

Bank card market in Vietnam is anticipated to grow at a CAGR of 13.5% during 2012-2015, says RNCOS in its latest research report.

NOIDA, India (prHWY.com) December 28, 2012 - Bank cards like debit and credit cards are gaining huge popularity in Vietnam since last few years owing to the constant economic growth, growing per head disposable income, rapidly developing infrastructure, advent of new technologies and increasing consumer awareness. Additionally, increasing penetration of foreign players in domestic market is adding fuel in the ever-growing popularity of plastic cards in the country. On the top of that, growing government support is also helping the market to grow further. On the back of the above factors, the bank cards market in Vietnam is anticipated to grow at a CAGR of around 13.5% during 2012-2015.

Research Analysis & Highlights

The report, "Vietnam Plastic Card Market Forecast to 2015", by RNCOS spread around 70 pages provides an in-depth research and rational analysis of the current status and expected position of the plastic card market in the country. The report facilitates analysis of payment card industry of the country which covers bank cards including debit, credit & pre-paid cards and miscellaneous cards including store cards & club cards. The report also facilitates growth pattern of these cards in the country along with major card issuers and their market shares. The report also educates the client about the current scenario of international and domestic cards' market in Vietnam.

Our research also includes an in-depth analysis of card usage in the country that provides details of transaction by card type and the card expenditure by category as clothing & footwear, food & beverages, and travel & transportation etc. And it also includes the growth trend of ATMs and POS over a period of time. Besides that, the report exhibits the emerging trends in the country that are boosting plastic card usage. For instance, promotional activities of plastic cards in Vietnam is rising rapidly to educate people about the benefits of card payment and to lure them to use it.

Further, through the section of key players, we have tried to provide an insight of current market scenario and existing competition to our customers. To provide a clearer picture of the competitive landscape, we have considered both domestic as well as international players in our analysis. Additionally, we have also covered the key strategies of these players in the country. In all, the report presents a comprehensive look at the sector's past, present, and future scenario.

Some of the report's key highlights include:

- Increasing per head disposable income driving plastic card market in Vietnam
- Focus on promotional activities of plastic cards increasing
- Favorable demographic profile enhancing plastic card market
- Travel & Transportation industry leading in overall card expenditure
- Growing infrastructure boosting non cash payment in Vietnam
- Foreign banks penetrating more deeply in Vietnam

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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