DUBLIN--(BUSINESS WIRE)--The "Vietnam International Remittance Market Business and Investment Opportunities - Analysis by Transaction Value & Volume, Inbound and Outbound Transfers to and from Key States, Consumer Demographics - Q1 2024" report has been added to ResearchAndMarkets.com's offering.
The international remittance market in Vietnam has demonstrated continued growth, with an increase in inbound remittance value to US$ 14.00 billion in Q1 2024, signifying a 3.4% increase from the previous year. This upward trend in remittance inflows is echoed by the growth of outbound transfers, which have also seen a notable rise to reach US$160.2 million in the same period. These findings are part of a comprehensive analysis of the market's current state and expected trajectory through 2028.
Market Dynamics and Consumer Insights
The remittance market's expansion is closely analyzed across various dimensions, including transaction value, volume, and average value per transaction. Insightful data on consumer demographics reveals trends among sender and beneficiary profiles by age group, income level, occupation, and the purpose behind their transactions.
Remittance Channels and Regional Nuances
The report delves into the market opportunity segmented by transfer channels - digital, mobile, and non-digital - showcasing the evolving landscape of remittance in Vietnam. Additionally, a granular analysis of international remittance flow highlights the market opportunity tied to key sending states and regions, enriched by the market share accounted for by various transfer mechanisms.
Strategic Implications for Stakeholders
This growth and comprehensive coverage of market dynamics underscore the Vietnam international remittance market's significance and offer stakeholders critical insights. Businesses and investors operating within the space or considering entry will find the report's projection of future market growth to be of substantial strategic value, supporting effective planning and decision-making.
The analysed data from the international remittances market in Vietnam is indicative of an ecosystem that is maturing while still offering opportunities for growth and innovation. Stakeholders are advised to consider these insights as they formulate their strategic plans to navigate and capitalize on Vietnam's remittance market across the forecast period.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 130 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value (USD) in 2024 | $14 Billion |
| Forecasted Market Value (USD) by 2028 | $15.2 Billion |
| Compound Annual Growth Rate | 2.1% |
| Regions Covered | Vietnam |
For more information about this report visit https://www.researchandmarkets.com/r/ksalf4
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