Top 10 Most Reputable Commercial Banks in Vietnam 2022

The Joint Stock Commercial Bank for Foreign Trade of Vietnam, also known as 'Vietcombank', is the largest company on the Vietnam stock market in terms of market capitalization. The bank was established on April 1, 1963, as a state-owned commercial bank. Its previous name was the Bank for Foreign Trade of Vietnam.

Vietcombank aims to become the number 1 bank in Vietnam, one of the top 100 banks in Asia, one of the 300 largest financial conglomerates globally, and is managed according to the best international practices. Vietcombank has moved beyond the development shaping phase, and now it is focused on maintaining the position as the number 1 bank in Vietnam and gradually enhancing its position in the region. In addition to outstanding retail activities, Vietcombank's goal for 2020 is to expand into wholesale activities.

Techcombank, officially known as Joint Stock Commercial Bank for Foreign Trade of Vietnam (TCB), is a Vietnamese joint-stock commercial bank established in 1993 with an initial capital of 20 billion VND. The bank's headquarters is located at 191 Ba Trieu Street, Hanoi. Techcombank operates branches and transaction offices nationwide with over 9,700 employees (as of 2018). Recognized with numerous financial awards by both Vietnamese and international organizations, Techcombank is considered one of the leading reputable banks in Vietnam. However, it has also been associated with controversies related to the use of underworld tactics for debt recovery.

In 2018, Techcombank was listed on the Ho Chi Minh City Stock Exchange (HOSE) under the code TCB. In 2019, the estimated total enterprise assets reached 383,699 billion VND with nearly 11,000 employees. Techcombank owns three subsidiaries responsible for various tasks, including Kỹ thương Securities Joint Stock Company, Debt Management LLC, and Kỹ thương Fund Management LLC. In addition to financial services for customers, Techcombank was ranked among the top 10 companies with the best working environment in Vietnam in 2020.

Vietnam Joint Stock Commercial Bank for Industry and Trade, doing business as VietinBank, is a State-owned commercial bank in Vietnam. Established in 1988 after separating from the State Bank of Vietnam, it was originally named IncomBank. VietinBank currently has 1 Transaction Office, 150 Branches, and over 1000 Transaction Offices/Savings Funds nationwide.

According to the company's information, VietinBank has relationships with over 900 financial institutions in more than 90 countries and territories worldwide. With over 30 years of operation, Vietinbank is a reliable choice for customers in financial transactions. All financial-related activities can be carried out here, offering innovative business products that bring significant improvements and benefits to customers.

Vietnam Prosperity Joint Stock Commercial Bank (formerly known as Bank for Foreign Trade of Vietnam Enterprises, abbreviated as VPBank), is a bank in Vietnam established on August 12, 1993. After 27 years of operation, VPBank has increased its charter capital to 6.347 trillion VND, expanding its network to over 200 transaction points, with a team of over 7,000 employees.

VPBank is a member of the top 12 banks in Vietnam (G12). VPBank has set strategic goals for the 2018-2022 period with the ambition to become the most consumer-friendly bank through technology application and to be among the top 3 most valuable banks in Vietnam. With its mission to provide the highest benefits to customers, focusing on the rights of workers and shareholders, building a strong corporate culture, and contributing effectively to the community's development, VPBank is now a trusted transaction address for customers in the Southern region.

Bank for Investment and Development of Vietnam (international trading name: BIDV) is the largest state-owned commercial bank in Vietnam in terms of total assets and revenue. BIDV belongs to the category of special state-owned enterprises, organized under the model of a State-owned enterprise group. BIDV collaborates in business with over 800 banks worldwide. Currently, BIDV has branches in most provinces and cities, becoming one of the largest providers of personal financial services today.

At present, BIDV offers a wide range of personal financial services with preferential interest rates and is one of the preferred brands used by a large number of domestic financial consumers. As a state-owned bank, alongside strengths in capital and a robust structure, there are still some weaknesses that need to be addressed, such as the time taken to resolve services for customers. However, overall, BIDV is still a place where you can completely trust in transactions.

Vietnam Bank for Agriculture and Rural Development (international trading name: Agribank) is the largest commercial bank in Vietnam in terms of total assets, belonging to the category of special state-owned enterprises. According to the United Nations Development Programme (UNDP) report, Agribank is also the largest enterprise in Vietnam. Agribank was honored with 2 Outstanding Vietnamese Bank awards in 2019.

Agribank continually simplifies loan procedures, improves loan models and methods, collaborates with local authorities, Farmers' Union, Women's Union, political and social organizations to implement over 68,000 lending groups with nearly 1.5 million members; Implements safety for 68 Mobile transaction points with nearly 8,200 transactions, serving over 800 thousand customers in over 400 communes nationwide, providing favorable conditions for households and individuals in remote areas to access capital and banking services. Implements the consumer credit program, to date, the loan amount for the program has reached over 7,400 billion VND with 193,000 households and individuals supplemented with capital to meet legal and essential needs, improving the lives of people in rural areas…

Military Commercial Joint Stock Bank, commonly known as MB Bank, is a joint-stock commercial bank in Vietnam, a business under the Ministry of National Defense. In addition to exceeding business targets, MB Bank has successfully achieved major goals, including implementing the 2017-2021 strategy; transitioning to digital banking with 2.6 million active users and a feature-rich flagship product, the MBBank App; revamping the visual identity for 100% of transaction points, and vigorously implementing projects for breakthrough growth. MB Bank is making strong strides in the parent bank and its subsidiaries, fostering a culture of innovation, happiness, and efficiency.

In addition to banking services, MB Bank also engages in brokerage, fund management, real estate, insurance, debt management, and asset exploitation by holding controlling shares in several businesses in these fields. Currently, MB Bank has a nationwide network with over 100 branches and more than 190 transaction points across 48 provinces and cities. The bank also has representative offices in the Russian Federation, branches in Laos and Cambodia.

Tien Phong Commercial Joint Stock Bank, or TPBank, is a Vietnamese joint-stock commercial bank established on May 05, 2008, by key shareholders including DOJI Gold and Gemstone Corporation, FPT Corporation, International Finance Corporation (IFC), Vietnam Reinsurance Corporation (Vinare), and SBI Ven Holding Pte. Ltd., Singapore. In Vietnam, TPBank is currently a medium-sized bank, relatively new, but it is highly regarded for its safe and healthy operations, consistently ranking among the top performers with robust growth in recent years.

TPBank has received numerous prestigious awards and certifications from reputable organizations. It has been recognized as the most innovative digital bank and the best retail bank in Vietnam. TPBank was also listed by The Asian Banker as one of the Top 10 Strongest Banks in Vietnam and among the Top 500 Strongest Banks in Asia. It has been acknowledged as the most innovative bank in Vietnam by the Global Financial Market Review (GFM). These accolades reflect TPBank's continuous efforts to apply digital technology to its Internet banking and Mobile Banking services, contributing to building trust and credibility among people nationwide. TPBank has also been honored with the Third-Class Labor Medal by the government for the entire banking system's collective efforts.

Asia Commercial Joint Stock Bank, abbreviated as ACB, officially commenced business operations on June 4, 1993. The bank offers a range of services, including capital mobilization (accepting deposits in Vietnamese dong, foreign currencies, and gold), capital utilization (providing credit, investment, joint venture capital in Vietnamese dong, foreign currencies, and gold), intermediary services (conducting domestic and international payments, fund management services, remittances, and fast transfers, life insurance through the bank), foreign exchange and gold trading, and issuing and settling credit cards and debit cards.

ACB operates through 280 branches and transaction offices in economically developed regions nationwide. In Ho Chi Minh City, it has 1 trading department, 30 branches, and 103 transaction offices. In the Northern region (Hanoi, Hai Phong, Thanh Hoa, Hung Yen, Bac Ninh, Quang Ninh, Vinh Phuc), it has 15 branches and 58 transaction offices. In the Central region (Thanh Hoa, Da Nang, Daklak, Gia Lai, Khanh Hoa, Ninh Thuan, Hoi An, Hue, Nghe An, Lam Dong), there are 11 branches and 21 transaction offices. In the Western region (Long An, Tien Giang, Vinh Long, Can Tho, Hau Giang, Dong Thap, An Giang, Kien Giang, Ben Tre, and Ca Mau), it has 9 branches and 9 transaction offices (Ninh Kieu, Thot Not, An Thoi). In the Eastern region (Dong Nai, Tay Ninh, Binh Duong, Vung Tau), there are 4 branches and 20 transaction offices. ACB has over 2,000 accepting payment points for ACB card payments and 812 agent locations for ACB-Western Union fast money transfer services.

Ho Chi Minh City Development Joint Stock Commercial Bank, abbreviated as HDBank, is one of the first joint-stock commercial banks in Vietnam, established in 1989. HDBank is currently among the leading banks with a development strategy focused on retail and SME sectors, experiencing rapid growth. After nearly 30 years of operation, HDBank has demonstrated strong and sustainable development with superior asset quality and market capitalization value among the leading banks and stock markets.

HDBank's stock is listed on the Ho Chi Minh City Stock Exchange under the ticker symbol HDB. The bank owns over 240 branches and transaction offices, along with more than 10,200 financial service introduction points, present in all major economic centers of Vietnam, including Ho Chi Minh City, Hanoi, Da Nang, Binh Duong, Can Tho, as well as mountainous and border provinces, with over 13,000 employees.