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Vietnam Smart Card Import Research Report 2025-2034, with Profiles of Paxar China, Smartrac Technology Malaysia, SAE-A, Avery Dennison RIS Vietnam, Maxim Label & Packaging Vietnam and r-pac

1. Vietnam's smart card market is growing rapidly, influenced by digital economy initiatives. 2. Smart card imports surged 40% from January to October 2024 compared to last year. 3. Avery Dennison RIS Vietnam is a key importer in the local smart card market. 4. Predicted smart card market value will rise from $342 million in 2025 to $553 million by 2034. 5. Limited local production capacity fuels ongoing growth in smart card imports.

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Why Bullish?

Growth in Vietnam's smart card imports may benefit Avery Dennison's market position. Inconsistent production capacity could boost their share.

How important is it?

The report highlights direct implications for Avery Dennison due to their presence in Vietnam's market. Significant growth forecasts suggest long-lasting effects on their business strategy.

Why Long Term?

The expansion of the smart card market aligns with long-term digital trends and economic initiatives. Past growth phases in tech sectors show sustained benefits over time.

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AVYNXPGiesecke+Devrient
Dublin, Jan. 29, 2025 (GLOBE NEWSWIRE) -- The "Vietnam Smart Card Import Research Report 2025-2034" report has been added to ResearchAndMarkets.com's offering.The global smart card market is highly competitive. The world's major smart card manufacturers include Gemalto (now part of Thales Group), IDEMIA, Giesecke+Devrient, Infineon, NXP, STMicroelectronics and other companies.Vietnam's smart card industry started late and is highly dependent on imported products. Vietnam's smart card industry mainly imports high-performance smart card chips and packaging equipment, and exports are mostly low-end card products. Vietnam's smart card industry currently has a small market size, but thanks to the expansion of Southeast Asia's electronics manufacturing industry and the Vietnamese government's promotion of the digital economy and electronic payments, Vietnam's smart card market is growing rapidly and is gradually developing and integrating into the global supply chain.Vietnam's smart card imports totaled US$220 million in 2023. From January to October 2024, Vietnam's cumulative smart card imports amounted to approximately US$2.4 billion, an increase of approximately 40% over the same period in 2023. Vietnam's smart card market is expanding rapidly and is expected to maintain a relatively fast growth rate in the next few years. The main import sources of smart cards for Vietnam from 2021 to 2024 include China, Malaysia, Hong Kong and China, The main companies exporting smart cards to Vietnam include Paxar China, Smartrac Technology Malaysia and SAE-A Trading Co.The main importers of smart cards in Vietnam are manufacturers and distributors related to the electronics manufacturing industry, including Avery Dennison RIS Vietnam, Maxim Label & Packaging Vietnam and R PAC Vietnam.As Vietnam's economy develops and its industrialization process accelerates, the Vietnamese smart card market is predicted to continue to grow in the next few years. Due to Vietnam's limited smart card production capacity, Vietnam's smart card imports will continue to grow in the next few years.Topics covered: The Import and Export of Smart Card in Vietnam (2021-2024)Total Import Volume and Percentage Change of Smart Card in Vietnam (2021-2024)Total Import Value and Percentage Change of Smart Card in Vietnam (2021-2024)Total Import Volume and Percentage Change of Smart Card in Vietnam (January-October 2024)Total Import Value and Percentage Change of Smart Card in Vietnam (January-October 2024)Average Import Price of Smart Card in Vietnam (2021-2024)Top 10 Sources of Smart Card Imports in Vietnam and Their Supply VolumeTop 10 Suppliers in the Import Market of Smart Card in Vietnam and Their Supply VolumeTop 10 Importers of Smart Card in Vietnam and Their Import VolumeHow to Find Distributors and End Users of Smart Card in VietnamHow Foreign Enterprises Enter the Smart Card Market of VietnamForecast for the Import of Smart Card in Vietnam (2025-2034) Companies Featured Paxar ChinaSmartrac Technology MalaysiaSAE-A Trading Co.Avery Dennison RIS VietnamMaxim Label & Packaging VietnamR Pac Vietnam Report AttributeDetailsNo. of Pages80Forecast Period2025 - 2034Estimated Market Value (USD) in 2025$342 MillionForecasted Market Value (USD) by 2034$553.73 MillionCompound Annual Growth Rate5.5%Regions CoveredVietnam Key Topics Covered:1 Overview of Vietnam1.1 Geography of Vietnam1.2 Economic Condition of Vietnam1.3 Demographics of Vietnam1.4 Domestic Market of Vietnam1.5 Recommendations for Foreign Enterprises Entering the Vietnam Smart Card Imports Market2 Analysis of Smart Card Imports in Vietnam (2021-2024)2.1 Import Scale of Smart Card in Vietnam2.1.1 Import Value and Volume of Smart Card in Vietnam2.1.2 Import Prices of Smart Card in Vietnam2.2 Major Sources of Smart Card Imports in Vietnam3 Analysis of Major Sources of Smart Card Imports in Vietnam (2021-2024)3.1 China3.2 Malaysia3.3 Hong Kong (China)3.4 South Korea3.5 Taiwan (China)3.6 Singapore4 Analysis of Major Suppliers in the Import Market of Smart Card in Vietnam (2021-2024)4.1 Paxar China4.2 Smartrac Technology Malaysia4.3 SAE-A Trading Co.5 Analysis of Major Importers in the Import Market of Smart Card in Vietnam (2021-2024)5.1 Avery Dennison RIS Vietnam5.2 Maxim Label & Packaging Vietnam5.3 R Pac Vietnam6. Monthly Analysis of Smart Card Imports in Vietnam from 2021 to 20246.1 Analysis of Monthly Import Value and Volume6.2 Forecast of Monthly Average Import Prices7. Key Factors Affecting Smart Card Imports in Vietnam7.1 Policy7.1.1 Current Import Policies7.1.2 Trend Predictions for Import Policies7.2 Economic7.2.1 Market Prices7.2.2 Growth Trends of Smart Card Production Capacity in Vietnam7.3 Technology8. Forecast for the Import of Smart Card in Vietnam, 2025-2034For more information about this report visit https://www.researchandmarkets.com/r/xkx2xw About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Vietnamese Smart Card Import Market Vietnamese Smart Card Import Market Vietnamese Smart Card Import Market

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