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Market Insights Financial
- Vietnam
- Vietnam's Banking market is projected to reach a Net Interest Income of US$16.69bn in 2024.
- Traditional Banks dominate the market with a projected market volume of US$15.63bn in the same year.
- The Net Interest Income is expected to exhibit an annual growth rate (CAGR 2024-2029) of 5.12%, resulting in a market volume of US$21.42bn by 2029.
- When compared globally, China is expected to generate the highest Net Interest Income, amounting to US$4,332.0bn in 2024.
- Vietnam's banking sector is experiencing a surge in digital banking services, with a growing number of digital-only banks entering the market.
Key regions: United States, China, Japan, Brazil, United Kingdom
Definition:
The Banking market refers to the financial services sector providing financial products and services to individuals and businesses. Retail banking focuses on offering financial services to individual consumers, such as personal loans, savings and checking accounts, credit cards, and mortgages. Commercial banking, on the other hand, provides financial services to small and large businesses, including loans, lines of credit, and other financial products designed specifically for businesses.
Structure:
The market consists of two segments:
-The Traditional Banking market refers to the financial services sector that provides a range of financial products and services to individuals and businesses through store-based branches and other traditional channels.
-The Digital Banking market refers to the emerging market for digital-only banks that offer financial services through online and mobile platforms.
The market data comprises Net Interest Income, Bank Account Penetration rate, the value of Deposits, the number of depositors, the value of Loans, the number of borrowers, Credit Card Interest Income, the number of ATMs as well as the number of Bank Branches.
Additional information:
The Banking market is highly competitive and characterized by the presence of large global players as well as regional and local banks. Banks are continually seeking ways to improve their offerings and remain competitive by leveraging technology and offering innovative financial products and services. Additionally, changes in regulations and the growing trend toward digitalization are shaping the Retail & Commercial banking market, creating opportunities for new entrants, and forcing existing players to adapt.
Key players in this market are companies such as the Industrial and Commercial Bank of China Ltd., JPMorgan Chase & Co., and HSBC Holdings.
Use the info button next to the boxes for more information on the data displayed.
in-scope
- Traditional Banking
- Neobanking
- Retail Banking
- Commercial Banking
- Investment Banking
out-of-scope
- Interbank Market
- Government Banking
Banking
- Traditional Banks
- Traditional Retail Banking
- Traditional Commercial Banking
- Digital Banks
- Investment Banking
Related markets:
Capital Raising
Digital Assets
Real Estate
Wealth Management
Commodities
Corporate Finance
Insurances
Digital Payments
Private Equity
Stocks
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Market
Region
Region comparison
Currency
Analyst Opinion
Over the past decade, the Banking market in Vietnam has experienced significant growth and transformation. Customer preferences: Trends in the market: Local special circ*mstances: Underlying macroeconomic factors:
Methodology
Data coverage:
Data encompasses B2B and B2C enterprises. Figures are based on Net Interest Income, Bank Account Penetration rate, the value of Deposits, the number of depositors, the value of Loans, the number of borrowers, Credit Card Interest Income, the number of ATMs as well as the number of Bank Branches.
Modeling approach / Market size:
Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data provided by the IMF, World Bank and the annual reports of the top 1000 Banks by asset size. Next we use relevant key market indicators and data from country-specific associations such as GDP, deposit interest rates, lending interest rates or bank account penetration rates. This data helps us to estimate the market size for each country individually.
Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the S-curve function and exponential trend smoothing are well suited to forecast financial services for digital as well as traditional products and services.
Additional Notes:
The market is updated twice per year in case market dynamics change.
Overview
- Net Interest Income
- Analyst Opinion
- Users
- Deposits
- Loans
- Credit Card Interest Income
- Mobile Banking
- ATMs & Bank Branches
- Methodology
- Key Market Indicators
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