Vietnam's banking sector is a dynamic reflection of its flourishing economy, showcasing impressive growth and a transformative shift toward global integration. This diverse financial landscape caters adeptly to the needs of local citizens, expats, and international investors, offering a comprehensive suite of services ranging from traditional banking to cutting-edge fintech solutions.
Historically, the sector has evolved substantially, spurred by significant reforms that have liberalized banking practices, resulting in a more modern and competitive system. The robust mix of state-owned enterprises, private joint-stock companies, joint ventures, and foreign banks has created a robust, resilient financial ecosystem that not only supports Vietnam's economic ambitions but also ensures a stable and forward-looking regulatory environment.
The State Bank of Vietnam serves as the country's central bank. The bank is in charge of supervising all banking organizations and banks in Vietnam in order to assure currency issuance, price stability, and local currency monetary laws and policies.
List of Banks in Vietnam
State-owned Banks in Vietnam
Bank for Investment and Development of Vietnam (BIDV)
Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)
Vietnam Bank for Agriculture and Rural Development (Agribank)
Vietnam Bank for Industry and Trade (Vietinbank)
Private Joint-Stock Commercial Banks in Vietnam
An Binh Commercial Joint Stock Bank
Asia Commercial Bank (ACB)
Bac A Commercial Joint Stock Bank (Bac A Bank)
Bao Viet Joint Stock Commercial Bank
Global Petro Commercial Joint Stock Bank
Great Asia Commercial Joint Stock Bank
Great Trust Joint Stock Commercial Bank
Hanoi Building Joint-stock Commercial Bank
Housing Development Commercial Joint Stock Bank (HDBank)
Kien Long Commercial Joint Stock Bank
LienViet Post Commercial Joint Stock Bank
Maritime Commercial Joint Stock Bank (Maritime Bank)
Mekong Commercial Bank
Mekong Development Joint Stock Commercial Bank
Military Commercial Joint Stock Bank (MB Bank)
Nam Viet Commercial Joint Stock Bank
OCEAN Commercial Joint Stock Bank
Orient Commercial Joint Stock Bank (OCB)
Petrolimex Group Commercial Joint Stock Bank
Sai Gon Joint Stock Commercial Bank
Sai Gon Thuong Tin Commercial Joint-stock Bank (Sacombank)
Saigon-Hanoi Commercial Joint Stock Bank
Southeast Asia Commercial Joint Stock Bank (SeABank)
Southern Commercial Joint Stock Bank
Tien Phong Commercial Joint Stock Bank (TP Bank)
Viet A Commercial Joint Stock Bank
Viet Capital Commercial Joint Stock Bank (Viet Capital Bank)
Viet Nam Public Bank (PVcomBank)
Viet Nam Technological and Commercial Joint Stock Bank (Techcombank)
Viet Nam Thuong Tin Commercial Joint Stock Bank
Vietnam International Commercial Joint Stock Bank (VIB)
Vietnam Prosperity Joint Stock Commercial Bank (VPBank)
Western Bank (Phuong Tay Bank)
Western Rural Commercial Joint Stock Bank
Foreign banks in Vietnam
ANZ exited the Vietnam market in 2018 and sold local operations to Shinhan Bank (Korea)
Bangkok Bank
Bank of China
Bank of India
BNP Paribas
BOA closed
CIMB Bank
Citibank Vietnam exited the Vietnam market in 2022 and sold local operations to United Overseas Bank (Singapore)
Commonwealth Bank of Australia
Deutsche Bank
Gatehouse Bank of the United Kingdom
HFC Bank
Hong Leong Bank
HSBC
Industrial Bank of Korea
JP Morgan Chase Bank
KEB Hana Bank
Maybank
Mizuho Bank
Natixis
Public Bank Vietnam
Scotiabank
Shinhan Bank
Siam Commercial Bank
Standard Chartered Bank
The Bank of Tokyo-Mitsubishi UFJ
United Overseas Bank
Woori Bank
Joint-venture banks
Indovina Bank is Vietnam's first joint venture bank. Vietinbank and Cathay United Bank of Taiwan are the joint venture partners.
Vietnam-Russia Joint Venture Bank. VRB is a joint venture between Vietnam's Bank for Investment and Development (BIDV) and Russia's Bank for Foreign Trade (VTB).
