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