Now Available: The Cards and Payments Industry in Vietnam: Emerging Trends and Opportunities to 2020

Timetric's 'The Cards and Payments Industry in Vietnam: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into Vietnam's cards and payments industry, including:

* Current and forecast values for each market in Vietnam's cards and payments industry, including debit and credit cards
* Detailed insights into payment instruments including credit transfers, cash transactions, checks and payment cards, and an overview of the country's key alternative payment instruments
* E-commerce market analysis
* Analysis of various market drivers and regulations governing Vietnam's cards and payments industry
* Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards
* Comprehensive analysis of consumer attitudes and buying preferences for cards
* The competitive landscape in Vietnam's cards and payments industry

Full Report Details at
- http://www.fastmr.com/prod/1180378_the_cards_payments_industry.aspx?afid=301

Report Highlights

* To expand the country's banking sector and to encourage foreign participation, the government lifted the cap on foreign investment in September 2015, allowing foreign investors to own majority shares in domestic banks - in accordance with Decree No. 60/2015/ND-CP on June 26, 2015 (the New Regulation). Previously, foreign banks were allowed to hold minority shares in joint-venture banks, although they were allowed to enter the market using other modes such setting up subsidiaries, branches or representative offices. A number of foreign banks, such as BNP Paribas, Citibank, HSBC, Standard Chartered Bank and ING Bank, already have a presence. With favorable foreign direct investment (FDI) regulations, more international banks are expected to enter Vietnam, providing a boost to the country's payment cards market.
* Banks are taking a number of initiatives to support the government's financial inclusion plan to bring the unbanked into the formal banking system. The latest initiative was the launch of a mobile-based financial service by HDBank in alliance with financial technology company GlobeOne in February 2016. The service allows consumers to conduct transactions such as opening a demand deposit or security savings account, obtaining a line of credit, and making domestic and international fund transfers using a smartphone app.

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