PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1597558
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1597558
Vietnam Trade Finance Market, By Product Type; By Provider; By Application; By End User, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
Vietnam Trade Finance Market Size to Register CAGR of 4.16% During 2024-2030
Vietnam Trade Finance Market is flourishing because of globalization, growing international trade, and increasing adoption of advanced technologies.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Vietnam Trade Finance Market size to expand at a CAGR of 4.16% during the forecast period between 2024 and 2030. Major growth factors for Vietnam Trade Finance Market include the improvement of supply chains and export performance, the flourishing of international trade, the use of advanced technologies like automation and artificial intelligence (AI) by trade finance providers like banks to lower costs and increase accessibility to these tools, and the efforts of financial institutions and governments to increase awareness, especially among small and medium-sized businesses.
Opportunity - Expanding International Trade
Rapid globalization and flourishing international trade in Vietnam are emerging as major drivers for Vietnam Trade Finance Market. Companies are investing in secure finance trade solutions to facilitate cross-border transactions as a result of their entry into the global market. This is further reinforced by the growing reliance on e-commerce platforms because of the ease they provide, which enables companies of all sizes to conduct business internationally. As Vietnamese companies are entering the global market, they are increasingly leveraging financial tools like trade finance to handle the risks associated with international trade, which is anticipated to drive its market growth over the forecast period.
Impact of Escalating Geopolitical Tensions on Vietnam Trade Finance Market
Escalating geopolitical tensions could significantly impact the growth of Vietnam Trade Finance Market. International trade becomes more uncertain when geopolitical conflicts are present, such as Russia-Ukraine war and Israel's conflicts in the Middle East. Given these tensions, it is anticipated that Vietnam's demand for trade finance will rise to sustain business operations and relationships with foreign suppliers and customers. Trade finance instruments protect companies from issues driven on by geopolitical conflicts, such supply chain interruptions, changes in trade laws, and currency fluctuations.
Exporter Segment to Grow at Fastest CAGR
The exporters segment dominates Vietnam Trade Finance Market. Vietnam's exporters are increasingly seeking trade finance to ensure working capital and the smooth operation of their businesses, and trade finance products also shield them from the risks of cross-border transactions. The provider institutions provide these exporters with a range of products, such as supply chain finance and trade loans, which help them absorb significant risks and protect their investments.
Competitive Landscape
Vietnam Trade Finance market is highly competitive, as a number of companies are competing to gain a significant market share. Key players in the market include ANZ, VietinBank DE, Standard Chartered, BIDV, JP Morgan Chase, Citibank, Far East National Bank, Wells Fargo, and Visa International.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and Vietnam Trade Finance Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Trade Finance Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Vietnam Trade Finance Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Globalization and Increased International Trade
- 3.2.1.2. Increasing Adoption of Advanced Technologies
- 3.2.2. Restraints
- 3.2.2.1. Inaccessibility to Trade Finance Services
- 3.2.3. Opportunities
- 3.2.3.1. Growing Demand among Small and Medium-sized Enterprises
- 3.2.3.2. Supply Chain Complexity and Resilience
- 3.2.4. Challenges
- 3.2.4.1. Limited Availability of Skilled Professionals with Expertise
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Vietnam Trade Finance Market: Marketing Strategies
5. Vietnam Trade Finance Market: Pricing Analysis
6. Vietnam Trade Finance Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.1.1. Commercial Letters of Credit
- 6.2.1.2. Standby Letters of Credit
- 6.2.1.3. Guarantees
- 6.2.1.4. Others
- 6.2.2. By Provider
- 6.2.2.1. Banks
- 6.2.2.2. Trade Finance House
- 6.2.2.3. Others
- 6.2.3. By Application
- 6.2.3.1. Domestic
- 6.2.3.2. International
- 6.2.4. By End User
- 6.2.4.1. Traders
- 6.2.4.2. Importers
- 6.2.4.3. Exporters
- 6.2.1. By Product Type
7. Competitive Landscape
- 7.1. List of Key Players and Their Product Type
- 7.2. Vietnam Trade Finance Company Market Share Analysis, 2023
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships,)
8. Impact of Escalating Geopolitical Tensions on Vietnam Trade Finance Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 9.1. ANZ
- 9.2. VietinBank DE
- 9.3. Standard Chartered
- 9.4. BIDV
- 9.5. JP Morgan Chase
- 9.6. Citibank
- 9.7. Far East National Bank
- 9.8. Wells Fargo
- 9.9. Visa International
- 9.10. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents, By Country
- 11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 Vietnam Trade Finance Segmentation
- Figure 2 Vietnam Trade Finance Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Vietnam Trade Finance Market Size, By Value (USD Million), 2019-2030
- Figure 5 Vietnam Trade Finance Market Share, By Product Type, By Value, 2019-2030
- Figure 6 Vietnam Trade Finance Market Share, By Providers, By Value, 2019-2030
- Figure 7 Vietnam Trade Finance Market Share, By Application, By Value, 2019-2030
- Figure 8 Vietnam Trade Finance Market Share, By End User, By Value, 2019-2030
List of Tables
- Table 1 Vietnam Trade Finance Market Size, By Value (USD Million), 2019-2030
- Table 2 Vietnam Trade Finance Market Size, By Product Type, By Value, 2019-2030
- Table 3 Vietnam Trade Finance Market Size, By Providers, By Value, 2019-2030
- Table 4 Vietnam Trade Finance Market Size, By Application, By Value, 2019-2030
- Table 5 Vietnam Trade Finance Market Size, By End User, By Value, 2019-2030
- Table 6 Bank for Investment and Development of Vietnam Company Overview
- Table 7 Bank for Investment and Development of Vietnam Financial Overview
- Table 8 ANZ Company Overview
- Table 9 ANZ Financial Overview
- Table 10 VietinBank DE Company Overview
- Table 11 VietinBank DE Financial Overview
- Table 12 Standard Chartered Company Overview
- Table 13 Standard Chartered Financial Overview
- Table 14 BIDV Company Overview
- Table 15 BIDV Financial Overview
- Table 16 JP Morgan Chase Company Overview
- Table 17 JP Morgan Chase Financial Overview
- Table 18 Citibank Company Overview
- Table 19 Citibank Financial Overview
- Table 20 Far East National Bank Company Overview
- Table 21 Far East National Bank Financial Overview
- Table 22 Wells Fargo Company Overview
- Table 23 Wells Fargo Financial Overview
- Table 24 Citibank Company Overview
- Table 25 Citibank Financial Overview
