The Banker's top banks in Vietnam ranking shows that VietinBank is the largest bank in the country by Tier 1 capital.

This article was published in 2014. Click here to see the The Banker’s Top 30 Asean Banks for 2023, and here for a report on the Vietnamese economy.

 

Hanoi-based VietinBank is the largest bank in Vietnam by Tier 1 capital, with $2.3bn of core capital. This is significantly more than the Tier 1 reserves of the second largest bank in the country, Vietcombank, which has $1.6bn of core capital.
Both banks have benefited from foreign investment in recent years. Japan-based Mizuho Corporate Bank bought a 15% stake in Vietcombank in 2011 and, a year later, Bank of Tokyo-Mitsubishi UFJ purchased a 19.73% stake in VietinBank. These investments have provided the banks with more than just capital; the Japanese banks have brought invaluable experience to the table, helping the banks develop stratgies to stabilise their performance and reduce their high levels of non-performing loans. For more on the Vietnamese banking sector, see Peter Janssen's article, Vietnam looks to state bank overhaul to stem NPL problem.

Top 5 banks in Vietnam

The table was produced using The Banker Database, which provides comprehensive financial data, news feed and executive contact data for more than 5000 of the world's leading banks. For more in-depth information on Vietnam's banking system, and that of more than 190 other countries, visit www.thebankerdatabase.com.

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