Vietnam Financial Market Poised to Grow Significantly

Vietnam banking assets are anticipated to expand at a CAGR of nearly 16% during the forecast period 2014-2018 says RNCOS in its latest research report.


Noida, UP -- (SBWIRE) -- 08/26/2014 -- Vietnam Financial Market is poised to grow enormously as both banking as well as insurance sectors, lead by continuous economical growth, are exhibiting extremely promising growth in the country. Moreover, due to large untapped market, numerous foreign investors are also rushing into country’s financial market. On the top of that, the government is taking enormous initiative to improve the Vietnam’s financial sector, right from the reducing the tax rates to providing financial support to the investors. Considering the above factors, Vietnam banking assets are anticipated to expand at a CAGR of nearly 16% during 2014-2018.

Research Analysis & Highlights

The report “Vietnam Financial Sector Forecast to 2018”, by RNCOS spread over 50 pages provides an in-depth research and rational analysis of the current status and future growth prospects of the financial market in the country. Our research includes profound study of the Vietnam’s banking and insurance market. The analysis of banking sector covers analysis of its major segments viz. loans, deposits, net interest income.

Further to provide a complete picture of country’s financial sector infrastructure, the report also studies current payment instruments in the country covering number of existing bank cards, ATMs and POS terminals in Vietnam. Additionally, our research also includes analysis of country’s insurance sector with comprehensive knowledge of both life and non-life insurance. The report provides current market and forecast for each of these market segments till 2018. Besides that, the report exhibits the emerging trends and drivers which are boosting the financial market growth in the country.

Further, through the section of key players, we have tried to provide the insight of current market scenario and existing competition to our customers. Additionally, we have also covered the recent activities of these players to build up position in country’s financial market. 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:

- Growing collaborations restructuring the market
- Rising international players' penetration in financial market
- Non-cash payments in Vietnam on rise
- Strict government norms propelling health insurance market

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.