Noida, India (PressExposure) January 14, 2010 -- RNCOS has recently added a new Market Research Report titled, âVietnam Plastic Card Market Forecast to 2013â to its report gallery. Vietnamâs payment card market is relatively small but one of the most dynamic markets in the world. The popularity of payment cards in Vietnam has soared significantly over the past couple of years. The cards are increasingly used in the number of shopping malls and various on-line portals that carry luxury or world-class brands of consumer goods. The market has grown nearly three-fold over the last two years ending August 2009. Debit cards dominate the market whereas credit cards are relatively new in the market and account just for 2% of the total market of payment cards in the country. Therefore, the market for credit cards remains largely untapped and full of opportunities.
As per findings of our report âVietnam Plastic Card Market Forecast to 2013â, with the growing consumer awareness, technological developments and emerging trend of e-commerce, there is ample scope for further developments in the Vietnamese payment cards market. The market is expected to grow at CAGR of about 20% during 2010-2013. Debit cards with domestic acceptance will continue dominating the market. However, credit cards and internationally accepted cards will still be left with plenty of miles to go.
The report provides an extensive research and rational analysis along with reliable statistics of the payment cards (debit as well as credit cards) market in Vietnam. It contains detailed analysis of emerging market trends, current developments and competitive landscape to enable clients better understand the market situation. Considering the recent developments and shift in macroeconomic factors, the report also features future outlook of the payment card industry, which will help clients in taking more rational investment decisions.
Moreover, âVietnam Plastic Card Market Forecast to 2013â has special emphasis on the business profile of key players operating in the country. It has identified major players in each of the segments discussed in the report like debit cards, credit cards, etc. In addition to this, the report also focuses on the technological developments in the payment card market and tries to answer the crucial questions that concern every investor or player looking to enter the market.
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