Noida, UP -- (SBWire) -- 02/21/2011 -- According to our recent report "Vietnam Plastic Card Market Forecast to 2013", Vietnamese payment card market is considered as one of the most attractive and underpenetrated payment card markets in the world and offers excellent opportunities for growth. The payment card market in the country has demonstrated stupendous growth during the past few years and it is expected to post a CAGR of over 18% during 2011-2014.
As per our research, the main reasons for the growth of the market includes continuous rise in young population, technological developments, and emerging trend of e-commerce in the country. Along with this trend, various other strong fundamental drivers discussed and analyzed in the report will enable this segment to sustain its upward growth trend in the coming years.
Further, our report states that the Vietnamese payment card market is dominated by debit cards, while credit cards are relatively new in the market. The credit cards penetration is almost negligible in the country, which means that the market is full of opportunities.
Apart from this, our report contains detail analysis of emerging market trends, like market potential, rising non-cash payments, market consolidation, growing presence of foreign banks, and so on. The report also elaborates on current developments in the market along with central bank’s role in encouraging non-cash transactions in the country, which will enable clients better understand the market situation.
Our report “Vietnam Plastic Card Market Forecast to 2013”, lays special emphasis on the business description of key players operating in the country and also reveals their recent activities. It has identified major players in each of the segments discussed in the report, like debit cards, credit cards, etc. Our report also illustrates key macroeconomic factors and also features future outlook of the payment card industry. In addition, the report focuses on the technological developments in the payment card market and tries to answer the crucial questions that concern every investor or player planning to enter the market.
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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with 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.
Vietnam Plastic Card Market Set for Robust Growth
Vietnam plastic card market is anticipated to grow at a CAGR of over 18% during 2011-2014, says RNCOS in its latest research report.