Table of Content

Financial Cards and Payments in Vietnam
Euromonitor International
November 2021

List Of Contents And Tables

FINANCIAL CARDS AND PAYMENTS IN VIETNAM
EXECUTIVE SUMMARY
Financial cards and payments in 2021: The big picture
2021 key trends
Consumers in Vietnam still avoid public places, leading to a drop in POS payment levels until 2021-2022
Deadline for transferring chip cards extended, as more policies for digital transformation are implemented by the government
Free money transfer is gradually becoming a “must-have” service
What next for financial cards and payments?
MARKET INDICATORS
Table 1 Number of POS Terminals: Units 2016-2021
Table 2 Number of ATMs: Units 2016-2021
Table 3 Value Lost to Fraud 2016-2021
Table 4 Card Expenditure by Location 2021
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2016-2021
Table 6 Domestic versus Foreign Spend 2021
MARKET DATA
Table 7 Financial Cards by Category: Number of Cards in Circulation 2016-2021
Table 8 Financial Cards by Category: Number of Accounts 2016-2021
Table 9 Financial Cards Transactions by Category: Value 2016-2021
Table 10 Financial Cards by Category: Number of Transactions 2016-2021
Table 11 Consumer Payments by Category: Value 2016-2021
Table 12 Consumer Payments by Category: Number of Transactions 2016-2021
Table 13 M-Commerce by Category: Value 2016-2021
Table 14 M-Commerce by Category: % Value Growth 2016-2021
Table 15 Financial Cards: Number of Cards by Issuer 2016-2020
Table 16 Financial Cards: Number of Cards by Operator 2016-2020
Table 17 Financial Cards: Card Payment Transactions Value by Operator 2016-2020
Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2016-2020
Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2021-2026
Table 20 Forecast Financial Cards by Category: Number of Accounts 2021-2026
Table 21 Forecast Financial Cards Transactions by Category: Value 2021-2026
Table 22 Forecast Financial Cards by Category: Number of Transactions 2021-2026
Table 23 Forecast Consumer Payments by Category: Value 2021-2026
Table 24 Forecast Consumer Payments by Category: Number of Transactions 2021-2026
Table 25 Forecast M-Commerce by Category: Value 2021-2026
Table 26 Forecast M-Commerce by Category: % Value Growth 2021-2026
DISCLAIMER
SOURCES
Summary 1 Research Sources
DEBIT CARDS IN VIETNAM
KEY DATA FINDINGS
2021 DEVELOPMENTS
Debit cards are growing at a slower pace during the pandemic
Replacement of domestic debit cards with chip contactless cards must be completed by end of 2021
Increased demand for global debit cards and non-physical cards in big cities
PROSPECTS AND OPPORTUNITIES
Higher security for chip cards boosts the demand for debit cards
Increasing niches for commercial debit cards in the forecast period
Debit cards to experience positive growth in rural areas
CATEGORY DATA
Table 27 Debit Cards: Number of Cards in Circulation 2016-2021
Table 28 Debit Cards Transactions 2016-2021
Table 29 Debit Cards in Circulation: % Growth 2016-2021
Table 30 Debit Cards Transactions: % Growth 2016-2021
Table 31 Debit Cards: Number of Cards by Issuer 2016-2020
Table 32 Debit Cards: Number of Cards by Operator 2016-2020
Table 33 Debit Cards Payment Transaction Value by Issuer 2016-2020
Table 34 Debit Cards Payment Transaction Value by Operator 2016-2020
Table 35 Forecast Debit Cards: Number of Cards in Circulation 2021-2026
Table 36 Forecast Debit Cards Transactions 2021-2026
Table 37 Forecast Debit Cards in Circulation: % Growth 2021-2026
Table 38 Forecast Debit Cards Transactions: % Growth 2021-2026
CREDIT CARDS IN VIETNAM
KEY DATA FINDINGS
2021 DEVELOPMENTS
Credit cards are growing well during the COVID-19 pandemic
NAPAS helps banks to offer low interest rate domestic credit cards for lower-income consumers
Banks increasingly using social media and e-commerce offers to promote their services
PROSPECTS AND OPPORTUNITIES
New offerings make it easier for the lower-income segments to own credit cards
Banks increasingly target young urban populations with their offerings
Growth expected for domestic credit cards, thanks to support from NAPAS and the government
CATEGORY DATA
Table 39 Credit Cards: Number of Cards in Circulation 2016-2021
Table 40 Credit Cards Transactions 2016-2021
Table 41 Credit Cards in Circulation: % Growth 2016-2021
Table 42 Credit Cards Transactions: % Growth 2016-2021
Table 43 Commercial Credit Cards: Number of Cards in Circulation 2016-2021
Table 44 Commercial Credit Cards Transactions 2016-2021
Table 45 Commercial Credit Cards in Circulation: % Growth 2016-2021
Table 46 Commercial Credit Cards Transactions: % Growth 2016-2021
Table 47 Personal Credit Cards: Number of Cards in Circulation 2016-2021
Table 48 Personal Credit Cards Transactions 2016-2021
Table 49 Personal Credit Cards in Circulation: % Growth 2016-2021
Table 50 Personal Credit Cards Transactions: % Growth 2016-2021
Table 51 Credit Cards: Number of Cards by Issuer 2016-2020
Table 52 Credit Cards: Number of Cards by Operator 2016-2020
Table 53 Credit Cards Payment Transaction Value by Issuer 2016-2020
Table 54 Credit Cards Payment Transaction Value by Operator 2016-2020
Table 55 Commercial Credit Cards: Number of Cards by Issuer 2016-2020
Table 56 Commercial Credit Cards: Number of Cards by Operator 2016-2020
Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2016-2020
Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2016-2020
Table 59 Personal Credit Cards: Number of Cards by Issuer 2016-2020
Table 60 Personal Credit Cards: Number of Cards by Operator 2016-2020
Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2016-2020
Table 62 Personal Credit Cards Payment Transaction Value by Operator 2016-2020
Table 63 Forecast Credit Cards: Number of Cards in Circulation 2021-2026
Table 64 Forecast Credit Cards Transactions 2021-2026
Table 65 Forecast Credit Cards in Circulation: % Growth 2021-2026
Table 66 Forecast Credit Cards Transactions: % Growth 2021-2026
Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2021-2026
Table 68 Forecast Commercial Credit Cards Transactions 2021-2026
Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2021-2026
Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2021-2026
Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2021-2026
Table 72 Forecast Personal Credit Cards Transactions 2021-2026
Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2021-2026
Table 74 Forecast Personal Credit Cards Transactions: % Growth 2021-2026
PRE-PAID CARDS IN VIETNAM
KEY DATA FINDINGS
2021 DEVELOPMENTS
Pre-paid card transaction values decline, due to restricted spending of the main consumer user group and low levels of innovation
NAPAS supports launch of pre-paid cards to suit varied consumers needs
Lack of promotional programmes among pre-paid cards lead to slow uptake
PROSPECTS AND OPPORTUNITIES
Pre-paid cards set to see growing popularity over time, thanks to support from NAPAS and wider promotions about their benefits
Pre-paid gift cards and customisable variants are emerging as strong trends
Higher levels of competition will boost pre-paid card growth over the forecast period
CATEGORY DATA
Table 75 Pre-paid Cards: Number of Cards in Circulation 2016-2021
Table 76 Pre-paid Cards Transactions 2016-2021
Table 77 Pre-paid Cards in Circulation: % Growth 2016-2021
Table 78 Pre-paid Cards Transactions: % Growth 2016-2021
Table 79 Open Loop Pre-paid Cards Transactions 2016-2021
Table 80 Open Loop Pre-paid Cards Transactions: % Growth 2016-2021
Table 81 Pre-paid Cards: Number of Cards by Issuer 2016-2020
Table 82 Pre-paid Cards: Number of Cards by Operator 2016-2020
Table 83 Pre-paid Cards Transaction Value by Issuer 2016-2020
Table 84 Pre-paid Cards Transaction Value by Operator 2016-2020
Table 85 Open Loop Pre-paid Cards: Number of Cards by Issuer 2016-2020
Table 86 Open Loop Pre-paid Cards: Number of Cards by Operator 2016-2020
Table 87 Open Loop Pre-paid Cards Transaction Value by Issuer 2016-2020
Table 88 Open Loop Pre-paid Cards Transaction Value by Operator 2016-2020
Table 89 Forecast Pre-paid Cards: Number of Cards in Circulation 2021-2026
Table 90 Forecast Pre-paid Cards Transactions 2021-2026
Table 91 Forecast Pre-paid Cards in Circulation: % Growth 2021-2026
Table 92 Forecast Pre-paid Cards Transactions: % Growth 2021-2026
Table 93 Forecast Open Loop Pre-paid Cards Transactions 2021-2026
Table 94 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2021-2026