Top 5 Largest State Banks in Vietnam 2019

What is the largest and most reputable state bank in Vietnam? Which banks are trusted and chosen by customers? Follow the article below to know which are the 5 largest state-owned banks in Vietnam!

Top 5 Largest State Banks in Vietnam 2019

What is the largest and most reputable state bank in Vietnam? Which banks are trusted and chosen by customers? Follow the article below to know which are the 5 largest state-owned banks in Vietnam!

What is the State Bank in Vietnam?

The central bank of Vietnam under the Vietnamese Government. This is the agency responsible for issuing monetary, monetary management and advising all monetary-related policies for the Government of Vietnam such as: Issuance of monetary issues, policies on interest rates and policies price, drafting bills on banking business management of foreign currency reserves and credit institutions.

Issues of considering the establishment of banks, credit institutions and management of state-owned commercial banks. In the whole system of more than 50 banks operating in the territory of Vietnam, only 9 banks are owned by the state.

Those state-owned banks are divided into two categories: policy banks and banks where the state has shares. These banks have existed and developed and made great contributions to society. Check out the biggest state-owned banks in Vietnam right now!

5 largest state-owned banks in Vietnam 2019

Joint Stock Commercial Bank for Foreign Trade of Vietnam

  • Transaction name: Joint Stock Commercial Bank for Foreign Trade of Vietnam - VCB
  • Address: 198 Tran Quang Khai, Hoan Kiem, Hanoi
  • Swift code: BFTVVNVX
Vietcombank was officially put into operation on April 1, 1963 with the organization formerly known as the Foreign Exchange Department under the State Bank of Vietnam. This is the first state-owned commercial bank selected by the Government to pilot equitization.

Over half a century of operation and development in the market, Vietcombank deserves to be one of the biggest commercial banks in our country today. This is also one of the five largest state-owned banks in Vietnam today.

With over 15,000 employees and more than 500 Branches / Transaction Offices / Member units / Representative offices / at home and abroad. With Head Office in Hanoi and 101 branches and 395 transaction offices nationwide, ...

In addition, Vietcombank also developed an Autobank system with more than 2,407 ATMs and over 43,000 Card acceptance units nationwide. Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has made important contributions to the stability and development of the country's economy. As expected, Vietcombank is among the biggest banks in Vietnam.


Joint Stock Commercial Bank for Investment and Development of Vietnam

  1. Transaction name: Joint Stock Commercial Bank for Investment and Development of Vietnam - BIDV
  2. Address: BIDV Tower 35 Hang Voi, Hoan Kiem, Hanoi
  3. Swift code: BIDVVNVX
Joint Stock Commercial Bank for Investment and Development of Vietnam was established on April 26, 1957 with the name of Vietnam Construction Bank. Through many years of establishment and development, BIDV has been one of the top 5 largest state-owned banks in Vietnam.

Ranked in the top 30 largest banks in Southeast Asia. And ranked in the list of 1,000 best banks in the world by The Banker magazine. This is a bank rated by the domestic and international community as one of the biggest banking brands in Vietnam today.

Vietnam Bank for Agriculture and Rural Development (Agribank)

  1. Transaction name: Vietnam Bank for Agriculture and Rural Development - Agribank
  2. Address: No. 02 Lang Ha, Thanh Cong, Ba Dinh District, Hanoi
  3. Swift code: VBAAVNVX
Agribank Bank officially went into operation in 1988 with the name of Vietnam Rural Development Bank. After that, in 1996, the name was officially changed to Vietnam Bank for Agriculture and Rural Development.

Over the course of its formation and development, Agribank has ranked among the largest banks in Vietnam. Honored to be in the top 10 largest enterprises in our country. With over 2300 branches and transaction offices spread across the country. It can be said that Agribank is reaching out to the World.


Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)

  1. Transaction name: Vietnam Joint Stock Commercial Bank of Industry and Trade - VietinBank
  2. Address: 108 Tran Hung Dao, Hoan Kiem, Hanoi
  3. Swift code: ICBVVNVX
Vietnam Joint Stock Commercial Bank for Industry and Trade was established in 1988. This is a large commercial bank, playing an important role for Vietnam's banking industry. With a nationwide network with 1 transaction center, 151 branches and more than 1000 transaction offices / savings funds nationwide. Therefore, VietinBank always ranks among the largest banks in Vietnam.


Vietnam Bank for Social Policies (VBSP)

  1. Transaction name: Vietnam Bank for Social Policies - VBSP
  2. Address: CC5 Building, Peninsula Linh Dam, Hoang Liet, Hoang Mai, Hanoi.
On August 31, 1995, Vietnam Bank for Agriculture and Rural Development was established. With criteria for non-profit operation. In order to provide preferential capital for poor households who lack loans for production.

The birth of the Vietnam Bank for Social Policies (VBSP) has created conditions for the poor to approach guidelines and policies of the Party and the State. Vietnam Bank for Social Policies has created great conditions for families of poor students to borrow money to do business and pay tuition fees for their children. This is one of the five largest Vietnamese state banks in our country today.

Through the above information, you must know what the biggest state-owned banks in Vietnam are now. Please consider to have the most reasonable investment policy for yourself!

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Breaking Vietnam news | Vietnam's #1 News Site | Viet-News.com: Top 5 Largest State Banks in Vietnam 2019
Top 5 Largest State Banks in Vietnam 2019
What is the largest and most reputable state bank in Vietnam? Which banks are trusted and chosen by customers? Follow the article below to know which are the 5 largest state-owned banks in Vietnam!
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