Financial Cards and Payments in Vietnam Jan 2025

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Overview:

Understand the latest market trends and future growth opportunities for the Financial Cards and Payments industry in Vietnam with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.

Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.

If you're in the Financial Cards and Payments industry in Vietnam, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.

The Financial Cards and Payments in Vietnam report includes:
  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volume and value sizes, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent research methodology, conducted in-country
This report answers:
  • What is the market size of Financial Cards and Payments in Vietnam?
  • What are the major trends key to understanding Financial Cards and Payments in Vietnam?
  • How has COVID-19, recession and macroeconomic volatility impacted the market?
  • How long will the market take to recover? What are the opportunities now?
  • How will political context and shifting cultural values shape future growth?
  • Where is future growth expected to be most dynamic?

Financial Cards and Payments in Vietnam - Industry Overview

EXECUTIVE SUMMARY
  • Financial cards and payments in 2024: The big picture
  • 2024 key trends
  • Competition heats up in digital banking as players launch innovative solutions
  • Government regulations seek to strengthen security and streamline banking processes
  • Competitive landscape
  • What next for financial cards and payments?
MARKET INDICATORS
  • Table 1 Number of POS Terminals: Units 2019-2024
  • Table 2 Number of ATMs: Units 2019-2024
  • Table 3 Value Lost to Fraud 2019-2024
  • Table 4 Card Expenditure by Location 2024
  • Table 5 Financial Cards in Circulation by Type: % Number of Cards 2019-2024
  • Table 6 Domestic versus Foreign Spend 2024
MARKET DATA
  • Table 7 Financial Cards by Category: Number of Cards in Circulation 2019-2024
  • Table 8 Financial Cards by Category: Number of Accounts 2019-2024
  • Table 9 Financial Cards Transactions by Category: Value 2019-2024
  • Table 10 Financial Cards by Category: Number of Transactions 2019-2024
  • Table 11 Consumer Payments by Category: Value 2019-2024
  • Table 12 Consumer Payments by Category: Number of Transactions 2019-2024
  • Table 13 M-Commerce by Category: Value 2019-2024
  • Table 14 M-Commerce by Category: % Value Growth 2019-2024
  • Table 15 Financial Cards: Number of Cards by Issuer 2019-2023
  • Table 16 Financial Cards: Number of Cards by Operator 2019-2023
  • Table 17 Financial Cards: Card Payment Transactions Value by Operator 2019-2023
  • Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2019-2023
  • Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2024-2029
  • Table 20 Forecast Financial Cards by Category: Number of Accounts 2024-2029
  • Table 21 Forecast Financial Cards Transactions by Category: Value 2024-2029
  • Table 22 Forecast Financial Cards by Category: Number of Transactions 2024-2029
  • Table 23 Forecast Consumer Payments by Category: Value 2024-2029
  • Table 24 Forecast Consumer Payments by Category: Number of Transactions 2024-2029
  • Table 25 Forecast M-Commerce by Category: Value 2024-2029
  • Table 26 Forecast M-Commerce by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
  • Summary 1 Research Sources

Charge Cards in Vietnam - Category analysis

2024 DEVELOPMENTS

Credit Cards in Vietnam - Category analysis

KEY DATA FINDINGS
2024 DEVELOPMENTS
  • Credit cards attract businesses and tech-savvy young consumers
  • Regulatory changes impact credit card market
  • Banks launch personalised credit cards to attract distinct consumer segments
PROSPECTS AND OPPORTUNITIES
  • Credit cards are set for healthy growth, driven by marketing and promotions, although BNPL services will likely pose competition
  • Fast expansion of QR payments will have negative impact on credit cards
  • Domestic credit cards poised to increase their share, with NAPAS leading the way
CATEGORY DATA
  • Table 27 Credit Cards: Number of Cards in Circulation 2019-2024
  • Table 28 Credit Cards Transactions 2019-2024
  • Table 29 Credit Cards in Circulation: % Growth 2019-2024
  • Table 30 Credit Cards Transactions: % Growth 2019-2024
  • Table 31 Commercial Credit Cards: Number of Cards in Circulation 2019-2024
  • Table 32 Commercial Credit Cards Transactions 2019-2024
  • Table 33 Commercial Credit Cards in Circulation: % Growth 2019-2024
  • Table 34 Commercial Credit Cards Transactions: % Growth 2019-2024
  • Table 35 Personal Credit Cards: Number of Cards in Circulation 2019-2024
  • Table 36 Personal Credit Cards Transactions 2019-2024
  • Table 37 Personal Credit Cards in Circulation: % Growth 2019-2024
  • Table 38 Personal Credit Cards Transactions: % Growth 2019-2024
  • Table 39 Credit Cards: Number of Cards by Issuer 2019-2023
  • Table 40 Credit Cards: Number of Cards by Operator 2019-2023
  • Table 41 Credit Cards Payment Transaction Value by Issuer 2019-2023
  • Table 42 Credit Cards Payment Transaction Value by Operator 2019-2023
  • Table 43 Commercial Credit Cards: Number of Cards by Issuer 2019-2023
  • Table 44 Commercial Credit Cards: Number of Cards by Operator 2019-2023
  • Table 45 Commercial Credit Cards Payment Transaction Value by Issuer 2019-2023
  • Table 46 Commercial Credit Cards Payment Transaction Value by Operator 2019-2023
  • Table 47 Personal Credit Cards: Number of Cards by Issuer 2019-2023
  • Table 48 Personal Credit Cards: Number of Cards by Operator 2019-2023
  • Table 49 Personal Credit Cards Payment Transaction Value by Issuer 2019-2023
  • Table 50 Personal Credit Cards Payment Transaction Value by Operator 2019-2023
  • Table 51 Forecast Credit Cards: Number of Cards in Circulation 2024-2029
  • Table 52 Forecast Credit Cards Transactions 2024-2029
  • Table 53 Forecast Credit Cards in Circulation: % Growth 2024-2029
  • Table 54 Forecast Credit Cards Transactions: % Growth 2024-2029
  • Table 55 Forecast Commercial Credit Cards: Number of Cards in Circulation 2024-2029
  • Table 56 Forecast Commercial Credit Cards Transactions 2024-2029
  • Table 57 Forecast Commercial Credit Cards in Circulation: % Growth 2024-2029
  • Table 58 Forecast Commercial Credit Cards Transactions: % Growth 2024-2029
  • Table 59 Forecast Personal Credit Cards: Number of Cards in Circulation 2024-2029
  • Table 60 Forecast Personal Credit Cards Transactions 2024-2029
  • Table 61 Forecast Personal Credit Cards in Circulation: % Growth 2024-2029
  • Table 62 Forecast Personal Credit Cards Transactions: % Growth 2024-2029

Debit Cards in Vietnam - Category analysis

KEY DATA FINDINGS
2024 DEVELOPMENTS
  • Debit card transactions retain momentum amid shift towards digital payments
  • Vietnamese banks target SMEs with new commercial debit card offerings
  • International debit cards gain traction
PROSPECTS AND OPPORTUNITIES
  • Debit cards will benefit from expansion of digital payment ecosystems
  • Enhancement of cross-border payment accessibility for Vietnamese cardholders
  • Fast expansion of QR payments will challenge debit card growth
CATEGORY DATA
  • Table 63 Debit Cards: Number of Cards in Circulation 2019-2024
  • Table 64 Debit Cards Transactions 2019-2024
  • Table 65 Debit Cards in Circulation: % Growth 2019-2024
  • Table 66 Debit Cards Transactions: % Growth 2019-2024
  • Table 67 Debit Cards: Number of Cards by Issuer 2019-2023
  • Table 68 Debit Cards: Number of Cards by Operator 2019-2023
  • Table 69 Debit Cards Payment Transaction Value by Issuer 2019-2023
  • Table 70 Debit Cards Payment Transaction Value by Operator 2019-2023
  • Table 71 Forecast Debit Cards: Number of Cards in Circulation 2024-2029
  • Table 72 Forecast Debit Cards Transactions 2024-2029
  • Table 73 Forecast Debit Cards in Circulation: % Growth 2024-2029
  • Table 74 Forecast Debit Cards Transactions: % Growth 2024-2029

Pre-Paid Cards in Vietnam - Category analysis

KEY DATA FINDINGS
2024 DEVELOPMENTS
  • Rising adoption of credit cards and QR payments leads to decline in pre-paid card usage
  • New regulations impact pre-paid cards in Vietnam
  • Closed pre-paid card enter the transportation industry
PROSPECTS AND OPPORTUNITIES
  • Surge in electronic payments expected to impact pre-paid card usage
  • Investment in one-touch payment systems for public transportation services will boost demand for open-loop cards
  • Expected growth in share of domestic pre-paid cards, driven by NAPAS network and lower fees
CATEGORY DATA
  • Table 75 Pre-paid Cards: Number of Cards in Circulation 2019-2024
  • Table 76 Pre-paid Cards Transactions 2019-2024
  • Table 77 Pre-paid Cards in Circulation: % Growth 2019-2024
  • Table 78 Pre-paid Cards Transactions: % Growth 2019-2024
  • Table 79 Closed Loop Pre-paid Cards Transactions 2019-2024
  • Table 80 Closed Loop Pre-paid Cards Transactions: % Growth 2019-2024
  • Table 81 Open Loop Pre-paid Cards Transactions 2019-2024
  • Table 82 Open Loop Pre-paid Cards Transactions: % Growth 2019-2024
  • Table 83 Pre-paid Cards: Number of Cards by Issuer 2019-2023
  • Table 84 Pre-paid Cards: Number of Cards by Operator 2019-2023
  • Table 85 Pre-paid Cards Transaction Value by Issuer 2019-2023
  • Table 86 Pre-paid Cards Transaction Value by Operator 2019-2023
  • Table 87 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2019-2023
  • Table 88 Closed Loop Pre-paid Cards: Number of Cards by Operator 2019-2023
  • Table 89 Closed Loop Pre-paid Cards Transaction Value by Issuer 2019-2023
  • Table 90 Closed Loop Pre-paid Cards Transaction Value by Operator 2019-2023
  • Table 91 Open Loop Pre-paid Cards: Number of Cards by Issuer 2019-2023
  • Table 92 Open Loop Pre-paid Cards: Number of Cards by Operator 2019-2023
  • Table 93 Open Loop Pre-paid Cards Transaction Value by Issuer 2019-2023
  • Table 94 Open Loop Pre-paid Cards Transaction Value by Operator 2019-2023
  • Table 95 Forecast Pre-paid Cards: Number of Cards in Circulation 2024-2029
  • Table 96 Forecast Pre-paid Cards Transactions 2024-2029
  • Table 97 Forecast Pre-paid Cards in Circulation: % Growth 2024-2029
  • Table 98 Forecast Pre-paid Cards Transactions: % Growth 2024-2029
  • Table 99 Forecast Closed Loop Pre-paid Cards Transactions 2024-2029
  • Table 100 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2024-2029
  • Table 101 Forecast Open Loop Pre-paid Cards Transactions 2024-2029
  • Table 102 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2024-2029

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