There are currently 49 banks in Vietnam, including the following banks: State Bank, joint stock commercial banks, joint venture banks, foreign bank branches in Vietnam and 100% foreign-owned banks.
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| Vietnamese name | English name | Trading Abbreviation | Charter capital (VND bil.) [1] | Headquarters | Website |
|---|---|---|---|---|---|
| Ngân hàng Chính sách Xã hội Việt Nam | Vietnam Bank for Social Policies | VBSP | 23,960.1 | 169 Dinh Duong, Hoang Mai Dist., Hanoi Capital | https://vbsp.org.vn/ |
| Ngân hàng Phát triển Việt Nam | Vietnam Development Bank | VDP | 15,085 | 25A Cat Linh, Ha Dong Dist., Hanoi Capital | https://vdb.gov.vn/ |
| Vietnamese name | English name | Trading Abbreviation | Charter capital (VND bil.) [1] | Headquarters | Website |
|---|---|---|---|---|---|
| Ngân hàng Nông nghiệp và Phát triển Nông thôn Việt Nam | Vietnam Bank for Agriculture and Rural Development | Agribank | 40,963 | 2 Lang Ha, Ba Dinh Dist., Hanoi Capital | agribank.com.vn |
| Ngân hàng Thương mại TNHH MTV Xây dựng Việt Nam | Vietnam Construction Bank LLC | CB | 3,000 | 145-147-149 Hung Vuong, Tan An City, Long An | https://www.cbbank.vn/ |
| Ngân hàng Thương mại TNHH MTV Đại dương | Ocean Bank LLC | Oceanbank | 4,000.1 | Daeha Tower, 360 Kim Ma, Ba Dinh Dist., Hanoi Capital | https://www.oceanbank.vn/ |
| Ngân hàng Thương mại TNHH MTV Dầu khí Toàn cầu | Global Petro Bank LLC | GPBank | 3,018 | 109 Tran Hung Dao, Hoan Kiem Dist., Hanoi Capital | https://www.gpbank.com.vn/ |
| Vietnamese name | English name | Trading Abbreviation | Charter capital (VND bil.) [1] | Headquarters | Website |
|---|---|---|---|---|---|
| Ngân hàng Thương mại Cổ phần Đầu tư và Phát triển Việt Nam | Bank for Investment and Development of Vietnam | BIDV | 50,585 | BIDV Tower, 194 Tran Quang Khai, Hoan Kiem Dist., Hanoi Capital | bidv.com.vn |
| Ngân hàng Thương mại Cổ phần Ngoại thương Việt Nam | Joint Stock Commercial Bank for Foreign Trade of Vietnam | Vietcombank | 55,892 | 198 Tran Quang Khai, Hoan Kiem Dist., Hanoi Capital | vietcombank.com.vn |
| Ngân hàng Thương mại Cổ phần Công thương Việt Nam | Vietnam Bank for Industry and Trade | Vietinbank | 53,699 | 108 Tran Hung Dao, Hoan Kiem Dist., Hanoi Capital | vietinbank.vn |
| Ngân hàng TMCP Việt Nam Thịnh vượng | Vietnam Prosperity Bank JSC | VPBank | 79,339 | VPBank Tower, 89 Lang Ha, Dong Da Dist., Hanoi Capital | https://www.vpbank.com.vn/ |
| Ngân hàng TMCP Quân đội | Military Bank JSC | MB | 52,871 | MB Grand Tower, 63 Le Van Luong, Cau Giay Dist., Hanoi Capital | https://www.mbbank.com.vn/ |
| Ngân hàng TMCP Á Châu | Asia Commercial Bank JSC | ACB | 38,841 | 442 Nguyen Thi Minh Khai, District 3, HCMC | https://acb.com.vn/ |
| Ngân hàng TMCP Sài Gòn - Hà Nội | Saigon - Hanoi Bank JSC | SHB | 36,645 | 77 Tran Hung Dao, Hoan Kiem Dist., Hanoi Capital | https://www.shb.com.vn/ |
| Ngân hàng TMCP Kỹ thương Việt Nam | Vietnam Technological and Commercial Bank JSC | Techcombank | 35,227 | 6 Quang Trung, Hoan Kiem Dist., Hanoi Capital | https://techcombank.com/ |
| Ngân hàng TMCP Phát triển TP.HCM | Ho Chi Minh City Development Bank JSC | HDBank | 29,276 | 25Bis Nguyen Thi Minh Khai, District 1, HCMC | https://hdbank.com.vn/ |
| Ngân hàng TMCP Lộc Phát Việt Nam | Fortune Vietnam Commercial Bank JSC | LPBank | 25,576 | Thai Holdings Tower, 210 Tran Quang Khai, Hoan Kiem Dist., Hanoi Capital | https://lpbank.com.vn/ |
| Ngân hàng TMCP Quốc tế Việt Nam | Vietnam International Bank JSC | VIB | 25,368 | 111A Pasteur, District 1, HCMC | https://www.vib.com.vn/vn/home |
| Ngân hàng TMCP Đông Nam Á | Southeast Asia Bank JSC | SeABank | 24,537 | BRG Tower, 198 Tran Quang Khai, Hoan Kiem Dist., Hanoi Capital | https://www.seabank.com.vn/ |
| Ngân hàng TMCP Tiên phong | Tien Phong Bank JSC | TPBank | 22,016 | TPBank Tower, 57 Ly Thuong Kiet, Hoan Kiem Dist., Hanoi Capital | https://tpb.vn/ca-nhan |
| Ngân hàng TMCP Phương Đông | Orient Commercial Bank JSC | OCB | 20,548 | The Hallmark, 15 Tran Bach Dang, Thu Duc City, HCMC | https://www.ocb.com.vn/vi/ca-nhan |
| Ngân hàng TMCP Sài Gòn | Saigon Commercial Bank JSC | SCB | 20,020 | 19-25 Nguyen Hue, District 1, HCMC | https://www.scb.com.vn/ |
| Ngân hàng TMCP Hàng hải Việt Nam | Vietnam Maritime Bank JSC | MSB | 20,000 | 54A Nguyen Chi Thanh, Dong Da Dist., Hanoi Capital | https://www.msb.com.vn/vi/ca-nhan |
| Ngân hàng TMCP Sài Gòn Thương Tín | Saigon Thuong Tin Commercial Bank JSC | Sacombank | 18,852 | 266-268 Nam Ky Khoi Nghia, District 3, HCMC | https://www.sacombank.com.vn/ca-nhan.html |
| Ngân hàng TMCP Xuất Nhập khẩu Việt Nam | Vietnam Export-Import Commercial Bank JSC | Eximbank | 17,470 | Fideco Center, 28 Phung Khac Khoan, District 1, HCMC | https://eximbank.com.vn/ |
| Ngân hàng TMCP Quốc dân | National Citizen Bank JSC | NCB | 11,802 | 25 Le Dai Hanh, Hai Ba Trung Dist., Hanoi Capital | https://www.ncb-bank.vn/ |
| Ngân hàng TMCP Nam Á | Nam A Bank JSC | Nam A Bank | 10,580 | Nam A Bank Tower, 201-203 Cach Mang Thang Tam, District 3, HCMC | https://www.namabank.com.vn/ |
| Ngân hàng TMCP An Bình | An Binh Bank JSC | ABBank | 10,350 | Geleximco Tower, 36 Hoang Cau, Dong Da Dist., Hanoi Capital | https://www.abbank.vn/ |
| Ngân hàng TMCP Đại chúng Việt Nam | Vietnam Public Commercial Bank JSC | PVComBank | 9,000 | 22 Ngo Quyen, Hoan Kiem Dist., Hanoi Capital | https://www.pvcombank.com.vn/ |
| Ngân hàng TMCP Bắc Á | Bac A Bank JSC | Bac A Bank | 8,959 | Bac A Bank Tower, 9 Dao Duy Anh, Dong Da Dist., Hanoi Capital | https://www.baca-bank.vn/ |
| Ngân hàng TMCP Việt Nam Thương Tín | Viet Nam Thuong Tin Bank JSC | VietBank | 5,780 | 47 Tran Hung Dao, Soc Trang City, Soc Trang | https://www.vietbank.com.vn/ |
| Ngân hàng TMCP Việt Á | Viet A Bank JSC | VAB | 5,400 | 105 Chu Văn An, Ha Dong Dist., Hanoi Capital | https://vietabank.com.vn/ |
| Ngân hàng TMCP Bản Việt | Viet Capital Bank JSC / Ban Viet Bank JSC | BVBank | 5,140 | 412 Nguyen Thi Minh Khai, District 3, HCMC | https://bvbank.net.vn/ |
| Ngân hàng TMCP Đông Á | Dong A Bank JSC | DongA Bank | 5,000 | 130 Phan Dang Luu, Phu Nhuan Dist., HCMC | https://dongabank.com.vn/ |
| Ngân hàng TMCP Kiên Long | Kien Long Bank JSC | KLB | 4,375 | 40-42-44 Pham Hong Thai, Rach Gia City, Kien Giang | https://kienlongbank.com/ |
| Ngân hàng TMCP Sài Gòn Công Thương | Saigon Bank for Industry and Trade JSC | SaigonBank/SGB | 3,388 | 2C Pho Duc Chinh, District 1, HCMC | https://www.saigonbank.com.vn/ |
| Ngân hàng TMCP Bảo Việt | Bao Viet Bank JSC | Baoviet | 3,150 | 16 Phan Chu Trinh, Hoan Kiem Dist., Hanoi Capital | https://www.baovietbank.vn/ |
| Ngân hàng TMCP Thịnh vượng & Phát triển | Prosperity and Growth Bank JSC | PGBank | 3,000 | Mipec Tower, 229 Tay Son, Dong Da Dist., Hanoi Capital | https://www.pgbank.com.vn/ |
| Vietnamese name | English name | Country | Headquarters |
|---|---|---|---|
| Ngân hàng TNHH MTV Shinhan Việt Nam | Shinhan Bank Vietnam | South Korea | 138-142 Hai Ba Trung, District 1, HCMC |
| Ngân hàng TNHH MTV HSBC Việt Nam | HSBC Vietnam | United Kingdom | 235 Dong Khoi, District 1, HCMC |
| Ngân hàng TNHH MTV Standard Chartered Việt Nam | Standard Chartered Vietnam | United Kingdom | Capital Place, 29 Lieu Giai, Ba Dinh Dist., Hanoi Capital |
| Ngân hàng TNHH MTV Woori Bank tại Việt Nam | WooriBank Vietnam | South Korea | Keangnam Landmark72, E6 Pham Hung, Nam Tu Liem Dist., Hanoi Capital |
| Ngân hàng TNHH MTV CIMB Bank Việt Nam | CIMB Vietnam | Malaysia | The Hallmark, 15 Tran Bach Dang, Thu Duc City, HCMC |
| Ngân hàng TNHH MTV Public Bank Việt Nam | Public Bank Vietnam | Malaysia | Hanoi Tungshing Square Tower, 2 Ngo Quyen, Hoan Kiem Dist., Hanoi Capital |
| Chi nhánh Ngân hàng TNHH MTV Hong Leong Bank tại Việt Nam | Hong Leong Bank Vietnam | Malaysia | Centec Tower, 72-74 Nguyen Thi Minh Khai, District 3, HCMC |
| Ngân hàng TNHH MTV UOB Việt Nam | UOB Vietnam | Singapore | Sofitel Building, 71 Le Duan, District 1, HCMC |
| Ngân hàng TNHH MTV Citibank Vietnam | Citibank Vietnam | United States | Sunwah Tower, 115 Nguyen Hue, District 1, HCMC |
| Ngân hàng Đại chúng TNHH Kasikornbank Việt Nam | KBank Vietnam | Thailand | Sunwah Tower, 115 Nguyen Hue, District 1, HCMC |
| Chi nhánh Ngân hàng Đại chúng TNHH Bangkok Bank tại Việt Nam | Bangkok Bank Vietnam | Thailand | Harbour View Tower, 35 Nguyen Hue, District 1, HCMC |
| Chi nhánh Ngân hàng Deutsche Bank tại Việt Nam | Deutsche Bank AG Vietnam Branch | Germany | Deutsches Haus Tower, 33 Le Duan, District 1, HCMC |
The economy of Vietnam is a developing mixed socialist-oriented market economy. It is the 35th-largest economy in the world by nominal gross domestic product (GDP) and the 26th-largest economy in the world by purchasing power parity (PPP). It is a lower-middle income country with a low cost of living. Vietnam is a member of the Asia-Pacific Economic Cooperation, the Association of Southeast Asian Nations and the World Trade Organization.
The Government of the Socialist Republic of Vietnam is the executive branch and body of the state administration of Vietnam. The members of the Government are appointed by the President of Vietnam on the advice of the Prime Minister of Vietnam and approved by the National Assembly. The Government is led by the Communist Party of Vietnam (CPV), which is headed by the CPV general secretary, often seen as the highest political post in Vietnam.
The dong has been the currency of Vietnam since 3 May 1978. It is issued by the State Bank of Vietnam. The dong was also the currency of the predecessor states of North Vietnam and South Vietnam, having replaced the previously used French Indochinese piastre.
The Hongkong and Shanghai Banking Corporation Limited, commonly abbreviated as HSBC and formerly known as HongkongBank, is the Hong Kong-based Asia-Pacific subsidiary of the HSBC banking group, for which it was the parent entity until 1991. The largest bank in Hong Kong, HSBC operates branches and offices throughout the Indo-Pacific region and in other countries around the world. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.
Đổi Mới is the name given to the economic reforms initiated in Vietnam in 1986 with the goal of creating a "socialist-oriented market economy". The term đổi mới itself is a general term with wide use in the Vietnamese language meaning "innovate" or "renovate". However, the Đổi Mới Policy refers specifically to these reforms that sought to transition Vietnam from a command economy to a socialist-oriented market economy.
UnionPay, also known as China UnionPay or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card scheme in mainland China. Founded on 26 March 2002, China UnionPay is an association for China's banking card industry, operating under the approval of the People's Bank of China. It is also an electronic funds transfer at point of sale (EFTPOS) network, and the only interbank network in China that links all the automatic teller machine (ATMs) of all banks throughout the country. UnionPay cards can be used in 181 countries and regions around the world.
Shinhan Bank Co., Ltd. is a bank headquartered in Seoul, South Korea. Historically it was the first bank in Korea, established under the name Hanseong Bank in 1897. The bank was reestablished in 1982. It is part of the Shinhan Financial Group, along with Jeju Bank. Chohung Bank merged with Shinhan Bank on April 1, 2006.
Asia Commercial Bank, often abbreviated to ACB, is the largest private bank in Vietnam by assets, headquartered at 442 Nguyễn Thị Minh Khai, Ward 5, District 3, Ho Chi Minh City. It was registered on 19 May 1993 and began operations in June 1993. The bank trades at the Ho Chi Minh Stock Exchange under the symbol ACB, where it listed on December 9, 2020 after previously trading at the Hanoi Stock Exchange.
The State Bank of Vietnam is the central bank of Vietnam. Organized a ministry-level body under the Government of Vietnam, it is the sole issuer of the national currency, the Vietnamese đồng. As of 2024 it holds over USD 100 million in foreign exchange reserves.
CIMB Group Holdings Berhad is a Malaysian universal bank headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank. CIMB has a wide retail branch network with 1,080 branches across the region.
The Joint Stock Commercial Bank for Investment and Development of Vietnam, commonly known as BIDV, is a Vietnamese state-owned bank in Vietnam. It is the country's biggest bank by assets as of June 2021. According to the United Nations Development Programme report on the 100 largest enterprises in Vietnam, BIDV came in at the 4th position after Agribank, VNPT, and EVN.
Banking in Vietnam started in 1976 with the State Bank Vietnam, which became the central bank of the country. Vietnam's banks suffer from low public confidence, regulatory and managerial weakness, high levels of non-performing loans (NPL), non-compliance with the Basel capital standards, and the absence of international auditing. Foreign investment limit into national banks of Vietnam is currently set to 30 percent.
The Orient Commercial Joint Stock Bank is a joint-stock commercial bank in Vietnam. Its Swift code is ORCOVNVX.
The Civil Aviation Authority of Vietnam is the aviation authority under the Ministry of Transport of Vietnam. It handles and regulates civil aviation in Vietnam. Among its functions are: the formulation of plans and programs to develop civil aviation; the development of legal drafts, regulations and standards relating to civil aviation; information dissemination and education on aviation law; aviation safety and security; airport, aircraft and flight management; environmental protection; search and rescue and flood prevention; ratifying air fares proposed by airlines operating in Vietnam; research and development; handling complaints and/or violations of aviation law; administrative reform; and financial and personnel affairs.
The Vietnam Joint Stock Commercial Bank for Industry and Trade, trading as Vietinbank, is a state-owned Vietnamese bank. As of 2023, it is Vietnam's second-largest bank, with VND 1,800 trillion of assets under management.
Joint Stock Commercial Bank for Foreign Trade of Vietnam, commonly referred to as Vietcombank, is a commercial bank in Vietnam.
Public Bank Vietnam Limited (PBVN) is a bank based in Hanoi, Vietnam, offering financial services in Vietnam. It was transformed from VID Public Bank (VIDPB) - a joint venture between Bank for Investment and Development of Vietnam (BIDV) of Vietnam and Public Bank Berhad (PBB) of Malaysia with equal stake established in May 1992. The transformation completed on March 24, 2016, and the bank officially commenced operations on April 1, 2016.
The Two Corridors, One Belt is a connectivity initiative involving Vietnam and China. It is a part of the Belt and Road Initiative, a Chinese global development initiative fostering connectivity especially across Eurasia.
Vietnam Technological and Commercial Joint Stock Bank, commonly referred to as Techcombank, is a publicly listed Vietnamese bank. Its shares are traded on the Ho Chi Minh City Stock Exchange under ticker TCB.
Vietnam–European Union relations are the multilateral relations between the Socialist Republic of Vietnam and the European Union (EU). Diplomatic ties between Vietnam and the European Economic Community (EEC) were established in 1990. The legal basis of the bilateral relations between Vietnam and the EU was the Framework Cooperation Agreement, signed after the first meeting conducted by the Joint Commission in 1996. A Free Trade Agreement and an Investment Protection Agreement between both parts were signed on 30 June 2019. The EU–Vietnam Free Trade Agreement (EVFTA) was greenlighted by the European Parliament on 12 February 2020. Both the EVFTA and the Investment Protection Agreement (EVIPA) were ratified by the Vietnamese National Assembly on 8 June 2020.
