Product Code: ETC259170 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Cards Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 33.90% in 2028, following an initial rate of 9.53%, before easing to 18.62% at the end of the period.
In the Asia region, the Cards market in Vietnam is projected to expand at a exponential growth rate of 32.83% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
The Vietnam cards market encompasses a diverse range of cards, including debit cards, credit cards, and prepaid cards used for financial transactions, access control, and identification purposes. Cards offer convenience and security in payment and authentication. The market supports financial institutions, card issuers, and consumers seeking card-based solutions.
The Vietnam cards market has experienced significant growth attributed to the digital payment revolution and the adoption of payment cards, including credit, debit, and prepaid cards. Payment cards offer convenience and security for transactions. Market expansion has been propelled by innovations in contactless and mobile payment technologies, card security features, and loyalty programs, transforming the way consumers make payments and manage their finances.
Challenges in the Vietnam cards market include competition from digital payment solutions and the demand for secure and versatile card payment options. Ensuring card quality, data security, and cost-effectiveness while managing production costs and addressing financial industry standards pose key challenges. Market players must also stay updated on card technology advancements and payment system trends.
The COVID-19 pandemic significantly influenced the Vietnam cards market, with a shift towards digital payment methods and contactless transactions. While physical card usage saw a temporary decline during lockdowns, there was a rapid increase in digital payments and online transactions. As a result, the market witnessed a transformation towards digital and mobile banking solutions, impacting the issuance and usage of physical cards.
Major players in the Vietnam cards market include CardMasters Vietnam and SecureCards Co., Ltd. They offer a variety of cards, including ID cards, smart cards, and payment cards, to meet different business and personal needs.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Cards Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Cards Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Cards Market - Industry Life Cycle |
3.4 Vietnam Cards Market - Porter's Five Forces |
3.5 Vietnam Cards Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Vietnam Cards Market Revenues & Volume Share, By Usage, 2021 & 2031F |
3.7 Vietnam Cards Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Vietnam Cards Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of digital payments in Vietnam |
4.2.2 Government initiatives to promote electronic payments |
4.2.3 Growing e-commerce sector in Vietnam |
4.3 Market Restraints |
4.3.1 Lack of awareness and trust in card payments |
4.3.2 Limited acceptance of cards by merchants, especially in rural areas |
4.3.3 Security concerns related to card transactions |
5 Vietnam Cards Market Trends |
6 Vietnam Cards Market, By Types |
6.1 Vietnam Cards Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Cards Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Vietnam Cards Market Revenues & Volume, By General Purpose, 2021-2031F |
6.1.4 Vietnam Cards Market Revenues & Volume, By Private Label, 2021-2031F |
6.2 Vietnam Cards Market, By Usage |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Cards Market Revenues & Volume, By General Purpose Re-Loadable Card, 2021-2031F |
6.2.3 Vietnam Cards Market Revenues & Volume, By Government Benefit/Disbursement Card, 2021-2031F |
6.2.4 Vietnam Cards Market Revenues & Volume, By Payroll Card, 2021-2031F |
6.2.5 Vietnam Cards Market Revenues & Volume, By Others, 2021-2031F |
6.3 Vietnam Cards Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Cards Market Revenues & Volume, By Retail Establishments, 2021-2031F |
6.3.3 Vietnam Cards Market Revenues & Volume, By Corporate Institutions, 2021-2031F |
6.3.4 Vietnam Cards Market Revenues & Volume, By Government, 2021-2031F |
6.3.5 Vietnam Cards Market Revenues & Volume, By Financial Institutions, 2021-2031F |
6.3.6 Vietnam Cards Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Cards Market Import-Export Trade Statistics |
7.1 Vietnam Cards Market Export to Major Countries |
7.2 Vietnam Cards Market Imports from Major Countries |
8 Vietnam Cards Market Key Performance Indicators |
8.1 Number of new cardholders in Vietnam |
8.2 Growth in the number of card transactions |
8.3 Expansion of card acceptance network across different regions in Vietnam |
9 Vietnam Cards Market - Opportunity Assessment |
9.1 Vietnam Cards Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Vietnam Cards Market Opportunity Assessment, By Usage, 2021 & 2031F |
9.3 Vietnam Cards Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Vietnam Cards Market - Competitive Landscape |
10.1 Vietnam Cards Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Cards Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |