Vietnam Financial Sector Forecast to 2013
03-Aug-2011 | News-Press Release
With the rapid liberalization, privatization and  globalization of the market, Vietnam has become a preferred destination for  international financial investors. The key financial sectors ‘banking’ and  ‘insurance’ are attracting huge foreign investments as both of these sectors  represent highly untapped potential.
  
  As per our new research report “Vietnam Financial Sector Forecast to  2013”, Vietnam’s banking sector is transforming and ongoing deregulations will  fuel the sector’s growth in the coming years. The research identified that most  of the Vietnamese are still unbanked and use traditional ways of saving their  money and financing their needs. This represents a highly untapped and  potentially lucrative market for existing as well as new market players. The  projected 29% CAGR growth of banking asset (during 2011-2013) further confirms  industry’s attractiveness.
  
  At the insurance front, the sector has expanded rapidly during the last  few years and has witnessed increase in the presence of foreign players. The  insurance sector expansion has been primarily a consequence of growing presence  of foreign players, which intensified the market competition and benefitted  consumer the most. Further, growth in insurance premium has been phenomenal with  total annual premium falling in double digit bracket during 2005- 2010.
  
  Likewise, micro financing has huge potential in the country as the  demographic indicators have been supportive in nature with around 73% population  living in rural areas and about 54% of the national workforce working in  agriculture sector. As of now, total loans outstanding in rural areas comprise  only 17% of the total bank credit and more than 80% of the rural population does  not have access to any kind of institutional financial sources.
  
  “Vietnam Financial Sector Forecast to 2013” provides detail information,  reliable statistics, comparable data, and prudent analysis of the Vietnamese  financial sector. It provides deep insight into each of the banking and  insurance parameters like, assets, loans, deposits, payment instruments, and  life insurance, and non-life insurance market. Most importantly, the report  presents future outlook for each of the important aspects (assets, loans,  deposits, insurance premium etc) considering the effects of the global economic  crisis on base drivers, opportunities, and challenges faced by the financial  sector.
  
  Table of Contents :
  
  1. Analyst View
  2. Macroeconomic Analysis
  2.1 Economic Growth
  2.2 Income Pattern
  2.3 Demographic Profile
  3. Banking Sector Analysis to 2013
  3.1 Loans
  3.2 Deposits
  3.3 Net Interest Income
  3.4 Payment Instruments
  3.4.1 Bank Cards
  3.4.2 ATMs and POS Terminals
  4. Insurance Sector Analysis to 2013
  4.1 Life Insurance
  4.2 Non-life Insurance
  5. Vital Industry Trends
  5.1 Mergers & Acquisitions
  5.2 Bancassurance
  5.3 Microfinance
  
  For more information kindly visit : 
  http://www.bharatbook.com/detail.asp?id=126897&rt=Vietnam-Financial-Sector-Forecast-to-2013.html
  
  Related Reports
  Indian Financial Services Industry - SWOT Framework Analysis
  http://www.bharatbook.com/detail.asp?id=168320&rt=Indian-Financial-Services-Industry-SWOT-Framework-Analysis.html
  
  Financial Services Industry in India -PEST Framework Analysis
  http://www.bharatbook.com/detail.asp?id=168321&rt=Financial-Services-Industry-in-India-PEST-Framework-Analysis.html
  
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