Navi Mumbai, November 18, 2010:

The Vietnamese financial market has rapidly expanded over the past few years and has gained great strategic importance at the global level. With the rapid liberalization, privatization and globalization of the market, Vietnam has become a preferred destination of international financial investors. The key financial sectors ‘banking’ and ‘insurance’ are attracting huge foreign investment as both of these sectors represent highly untapped potential.

As per our new research report “Vietnam Financial Sector Forecast to 2013”, the banking sector in Vietnam has shown unprecedented growth in the recent past, but it is still largely underdeveloped compared to the banking sector of other Asian economies like India and China. Most of the Vietnamese are still unbanked and use traditional ways of saving money and financing their needs. Therefore, there is a huge potential for further growth in the banking sector, and banking assets are expected to grow at a CAGR of about 22% during 2006-2013.

Similar to the banking sector, the insurance sector has taken rapid strides forward to keep pace with rising consumer demand for more innovative and customized insurance products. The total annual premium grew at a CAGR of around 16% between 2005 and 2008. Non-life accounted for over 51% of the total insurance premium and rest was represented by the life insurance segment in 2008. The economic crisis has mainly influenced incomes of people working in import-export activities, industrial zones while customers of life insurance firms are mainly sustainable income earners.

In addition, Vietnam does not have to suffer from negative impacts of the global economic crisis as the country’s consumer lending has not actually developed i.e. most of the Vietnamese still rely on cash buying. Therefore, the effect of subprime crisis has been minimal on the Vietnamese financial market.

“Vietnam Financial Sector Forecast to 2013” provides detailed information, reliable statistics, comparable data and prudent analysis of the financial sector in Vietnam. It gives deep insight into each of the banking and insurance parameters like assets, loans, deposits, payment instruments, and life insurance and non-life insurance products. Most importantly, the report gives 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
5.4 Professional Liability Insurance
5.5 Energy Price Insurance
5.6 Export Credit Insurance
5.7 Medical Insurance
5.8 Agriculture Insurance
5.9 Income Disparity
5.10 Underdeveloped Human Resource
6. Key Players
6.1 Vietcombank
6.2 BIDV
6.3 Prudential Vietnam
6.4 Baoviet
6.5 Manulife

List of Figures:

Figure 2-1: Nominal GDP (Billion US$), 2006-2013
Figure 2-2: Per Head Disposable Income (US$), 2006-2013
Figure 2-3: Population (Million), 2006-2013
Figure 2-4: Population Breakup by Age Group (%), 2008
Figure 3-1: Bank Assets (Billion US$), 2006-2013
Figure 3-2: Bank Loans (Billion US$), 2006-2013
Figure 3-3: Loans by Type of Banks (%), 2007
Figure 3-4: Bank Deposits (Billion US$), 2006-2013
Figure 3-5: Deposits by Type of Banks (%), 2007
Figure 3-6: Net Interest Income (Billion US$), 2006-2013
Figure 3-7: Bank Cards (Million), Jun 2007 & Aug 2009
Figure 3-8: Share of Credit and Debit Cards in Bank Cards (Apr 2009)
Figure 3-9: Number of ATMs (Jun 2007 & Jul 2009)
Figure 3-10: Number of POS Terminals (Jun 2007 & Apr 2009)
Figure 4-1: Insurance Premium (Trillion VND), 2005-2013
Figure 4-2: Share of Life and Non-life Insurance Premium (2008)
Figure 4-3: Life Insurance Premium (Trillion VND), 2005-2013
Figure 4-4: Share of Leading Insurers in Life Insurance Premium (2008)
Figure 4-5: Life Insurance Premium by Business Line (%), 2008
Figure 4-6: Non-life Insurance Premium (Trillion VND), 2005-2013
Figure 4-7: Share of Leading Insurers in Non-life Insurance Premium (2008)
Figure 4-8: Non-life Insurance Premium by Business Line (%), 2008

List of Tables:

Table 3-1: Number of Banks by Type of Ownership
Table 3-2: List of Leading Commercial Banks

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