Top List of Banks in Vietnam
Banking in Vietnam has changed over the last few decades. What used to be a significant problem for people, especially the poor, is now easily accessible for everyone.
With technological advancements and the advent of low-interest loans, banking in Vietnam has become much more than just a financial service provider. Banks have found new ways of connecting with their customers and providing them with an enhanced customer experience. Have you ever wondered what are top banks in Vietnam are? Explore this article to find out which banks are considered the best in Vietnam!
VietinBank – Industry and Trade
VietinBank is one of the largest commercial banks in Vietnam. The bank provides a wide range of banking products and services, including retail banking, corporate banking, foreign currency loans, leasing and factoring services, securities brokerage, and investment banking. It operates through 227 branches and transactional offices in Vietnam; and overseas branches in Russia, Laos, Cambodia, and Myanmar. VietinBank is headquartered in Hanoi, Vietnam.
Total Assets: 1.34 quadrillion Vietnamese dong
Employees: 1435; 140 branches and 700 transaction centers
Agribank – Agriculture and Rural Development
Agribank is a commercial bank in Vietnam. It was set up on 25 October 2008 as a merger of the Bank for Agriculture and Rural Development (Agricultural Bank), the Bank for Investment and Development of Vietnam (BIDV), and the Bank for Foreign Trade of Vietnam (Vietcombank). As of 2020, it had total assets of VND 1.57 billion and more than 40,000 full-time employees.
Banking services are provided through 2,300 Agribank branches across the country. The bank offers retail banking and related financial services. The bank's services include personal banking, corporate banking, investment banking, project finance, private banking, cash management services, brokerage services, leasing, factoring, and trade finance.
Vietcombank – Foreign Trade
Vietcombank is a joint-stock commercial bank in Vietnam. It was founded on January 01, 1963, headquartered in Hanoi, Vietnam. The bank provides banking services and products to individuals and corporate customers.
It offers loans and deposits, foreign exchange, remittances, foreign trade, transaction banking, credit cards, securities brokerage, insurance brokerage, underwriting of bonds and shares, factoring services, and other financial services.
Total Assets: 1.03 billion VND
Bank for Investment and Development of Vietnam (BIDV)
Bank for Investment and Development of Vietnam (BIDV) is the largest commercial bank in Vietnam in terms of total assets of 1,516.7 trillion Vietnamese dong. BIDV was established in 1976 and currently has over 26,467 employees with more than 1,200 branches.
The BIDV website provides information about the bank's retail banking, corporate banking, treasury services, international banking, and card services. Information about financial products such as loans and deposits is available on the website.
The Vietnamese version of the website provides online banking services for individuals and businesses. To access online banking services, you will need to register first.
Military Bank (MB) is a joint-stock commercial bank providing services to individual and corporate customers. MB has more than 15,454 employees and a network of over 320 branches and transaction offices in 63 provinces and cities throughout Vietnam.
MB offers a full suite of financial products and services, including retail banking, corporate banking, treasury and capital markets, private banking, and other financial services such as credit cards, investment banking, securities brokerage, foreign exchange trading, and custodian services.
Total Assets: $21,284 million
SHB is the top bank in Vietnam, but it's still not a household name in the West. It has total assets of 2.978 trillion SEK and is one of the most profitable banks in Asia. It employs around 8,216 people and has roughly 40 branches.
The bank offers a wide range of financial services, including retail banking, corporate banking, investment banking, capital markets services, treasury services, wealth management, and credit cards.
The Vietnamese government founded the bank in 1993. In 1996, it became the first joint-stock commercial bank to be fully privatized. In 20018, it had 383 trillion VND in total assets and 12,000 employees.
Techcombank offers consumer banking, corporate banking, and investment banking services. Its products include credit cards, consumer loans, mortgages and real estate financing, car loans, and small business loans. It also provides credit cards in partnership with Visa International, MasterCard, and UnionPay.
Saigon Commercial Bank (SCB)
Saigon Commercial Bank (SCB) was established in 1994. It is headquartered in Ho Chi Minh City, Vietnam. It operates as a subsidiary of Saigonbank Corporation. The bank provides corporate banking, retail banking, and internet banking products and services. Saigon Commercial Bank offers current accounts, savings, fixed-term deposits, debit cards, credit cards, lending products, and wealth management products.
The bank also provides online banking for personal and business customers. Business customers can view account balances, transfer funds among accounts, pay bills, and more services through the online banking platform.
Total Assets: VND673,276 billion
Branches: 239 banking outlets
Maritime Bank has been established for over 50 years, with over 100 branches and transaction offices throughout Vietnam. Maritime Bank has grown to become one of the most prestigious commercial banks in Vietnam, offering a wide range of banking services to retail and corporate customers. The Bank's Services have been developed according to international standards yet remain sensitive to the Vietnamese market.
Total Assets: $425 million
VP Bank – Vietnam Prosperity
VP Bank is one of the most important financial institutions in Vietnam. This bank provides services to various customers, from individuals to legal entities. The bank has many branches, which offer a wide range of banking products and services.
The bank offers various banking products and services, including savings accounts, current accounts, cards, loans, investment funds, insurance, securities trading, foreign currency exchange services, money transfer services in foreign currencies (TT), online payment services (Internet banking), credit cards (Visa card), international debit cards (MasterCard), international credit cards (Visa card), prepaid mobile phone top-up service.
Total Assets: VND 10.41 trillion (2020)
Q. What bank does Vietnam use?
Q. What is the local currency?
A. The Vietnamese Dong (VND) is the local currency. For current exchange rates.