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  • Term:
    Term: min 92 days, max 183 days
  • Loan limit:
    Loan limit: 100 000 - 5 000 000 VND
  • Interest rate:
    Interest rate: 10,95 - 14,6 %/per annum

When having the intention of borrowing money or depositing capital, customers often choose the largest banks in Vietnam. So, what is the top largest bank in Vietnam so far?

When having the intention of borrowing money or depositing capital, customers often choose the largest banks in Vietnam. So, what is the top largest bank in Vietnam so far?

Criteria to evaluate the largest bank in Vietnam

There are many criteria to evaluate the size of a bank's operations. Specifically, to choose the largest bank in Vietnam or the best banks in Vietnam, we often rely on the following specific criteria:

● Charter capital     

● Total asset value     

● Operation network, branch system, transaction office     

● Number of employees     

● Number of customers     

● Market capitalization     

● Profit after tax     

● NPL ratio     

To evaluate which bank is the largest bank in Vietnam, it is often based on criteria: charter capital, total assets, market capitalization, ...

To evaluate the best bank in Vietnam , which operates the most effectively, it is often based on criteria: market capitalization, profit after tax, bad debt ratio, ...

│ “The biggest bank in Vietnam doesn't mean it's the best bank in Vietnam” │

 

Where is the largest bank in Vietnam today?

The largest bank in Vietnam today is the State Bank of Vietnam (State Bank of Vietnam - SBV)

State Bank of Vietnam (SBV) was established on May 6, 1951 in Hanoi. The State Bank of Vietnam is a ministerial-level agency of the Government and is the Central Bank of the Socialist Republic of Vietnam; performing the function of State management over currency, banking and foreign exchange operations; perform the functions of the central bank in terms of money issuance, credit institutions' banking and the provision of monetary services to the Government.

The current Governor of the State Bank of Vietnam is Governor Nguyen Thi Hong, born on March 27, 1968 in Cau Giay, Hanoi.

first-

About total assets

● Private joint stock commercial banks led with total assets of VND 5,472,171 billion (USD 238 billion), up 4.98% compared to the end of 2019.     

● State-owned commercial banks (Agribank, VietinBank, Vietcombank, BIDV, CBBank, GPBank, Oceanbank) had total assets of VND 5,387,509 billion ($ 234 billion), down 0.96% compared to the end of 2019.     

● Joint-venture and foreign banks have total assets of VND 1,444.401 billion (USD 62.8 billion), up 7.32%.     

● Group of finance and leasing companies reached 208,046 billion dong (9 billion USD).     

About the charter capital

● As of August 31, 2020, the charter capital of the whole system of credit institutions reached 627,644 billion VND (27.3 billion USD), an increase of 2.51% compared to the end of 2019.     

● The group of private commercial joint stock banks continued to lead with a total charter capital of VND 290,106 billion (US $ 12.6 billion), up 1.90% compared to 2019.     

● The group of state-owned commercial banks with charter capital reached 150,198 billion VND (6.5 billion VND), an increase of 0.03% compared to 2019     

● Joint-venture and foreign banks with a total charter capital of 128,181 billion VND (5.6 billion USD), an increase of 6.14% ...     

1- Do you have plans or want to get a bank loan right now?

What is the best bank in Vietnam today?

The best bank in Vietnam is Vietcombank (Joint Stock Commercial Bank for Foreign Trade of Vietnam) │

Overview of Vietcombank

● Market capitalization: the largest VND 360,000 billion (USD 15.6 billion) in Vietnam     

● Profit before tax: 23,122 billion VND (1 billion USD)     

● Total revenue: 45,730 billion VND     

● Charter capital: 37,089 billion VND     

● Equity: 80 883 billion     

● Total assets: 1,222,719 billion VND (53 billion USD)     

● Total mobilized capital: 1,039,086 billion VND (45 billion USD)     

● There are 111 branches with 472 transaction offices operating in 54/63 provinces and cities with 18,000 employees     

● Establishing relationships with 1,316 banks in 102 countries and territories     

Why is the "best" bank in Vietnam?

● The bank with the largest profit before tax in Vietnam is 23,122 billion VND (1 billion USD), the Top 200 most profitable financial and banking institutions globally.     

● Being the largest income tax payer in Vietnam and also the second largest income tax payer in the country (after Viettel Group).     

● On December 26, 2007, Vietcombank made the largest IPO (IPO) at that time and brought the State budget revenue from IPO surplus up to nearly 10,000. billion - a record number.     

● On September 30, 2011, the sale of strategic shares to Mizuho Corporation Bank (the third largest financial group in Japan and the 20th in the world) was the largest M&A deal in Southeast Asia during the year.     

● On December 18, 2017, the Swift GPI project was launched, becoming the first bank in Vietnam to be certified by Swift to meet the GPI standards and as the 60th GPI standard bank in the world.     

● On November 28, 2018, it was the first bank in Vietnam to meet Basel II safety standards.     

● On December 28, 2018, tier 1 capital was successfully raised, becoming the largest bank in terms of equity capital in Vietnam.     

● On June 5, 2019, the signing of an exclusive cooperation agreement to distribute insurance with a term of 15 years with FWD Insurance Group, recording the record of the largest value of cooperation in Vietnam market is 1 billion USD.     

● On June 25, 2019, was the first bank to sign a $ 200 million credit contract to finance renewable energy projects in Vietnam.     

● On November 1, 2019, the first and only bank in Vietnam had a commercial presence in the US.     

● Being the only bank in Vietnam to be awarded "Best Bank in Vietnam" by Euromoney magazine.     

● In June 2019, Forbes Vietnam announced "List of the 50 best listed companies" in 2019. In the financial sector, Vietcombank is honored to be the only representative in large-scale credit institutions. that the State holds the dominant shares, continuously being on the list of votes for the past 7 years.     

2- Have you experienced the service of Vietcombank Bank?

How many banks does Vietnam have today?

To best answer this question, together we understand clearly what is the system of Vietnamese credit institutions in general and the banking system in Vietnam in particular.

The system of Vietnamese credit institutions includes:

  1. Bank

○ Commercial Bank     

■ State-owned commercial banks     

■ Joint stock commercial banks     

■ 100% foreign owned commercial bank     

■ Joint venture bank     

○ Policy Bank     

○ Cooperative bank     

  1. Non-bank credit institutions

○ Finance companies     

○ Finance leasing company     

○ Organization and other non-bank credit     

  1. Microfinance organization
  2. People's Credit Fund
  3. Foreign bank branches
  4. Representative office

Based on the above diagram we can clearly see that Banks in Vietnam are divided into 3 categories: Commercial Banks, Policy Banks and Cooperative Banks.

Commercial banks in Vietnam are classified into 4 categories: State commercial banks, joint stock commercial banks, 100% foreign owned commercial banks, joint venture banks.

According to statistics of CashBerry, Vietnam has 49 active banks (January 2021).

Top 10 largest banks in Vietnam in 2021

The above section has exact and specific answers to tell us the answer which is the largest bank in Vietnam today and how many banks in Vietnam are operating.

Next, CashBerry will help you answer the question: Who are the top 10 largest banks today?

This is a pretty important question. Because, when we want to save money or borrow money for business, we can use the services of many banks at the same time. The aim is to help minimize the risks, and get the most benefits out of it.

Below is the current ranking of 10 largest banks in Vietnam, evaluated according to the criteria of charter capital, updated in January 2021.

No.

Trademark

Bank name

Headquarters

Chartered capital (VND billion)

first

BIDV

Investment and Development of Vietnam

Hanoi

40,220.0

2

Vietinbank

Industry and Trade of Vietnam

Hanoi

37,234.0

3

Vietcombank

Foreign Trade of Vietnam

Hanoi

37,088.8

4

Techcombank

Vietnam Technique and Commerce

Hanoi

35,001.4

5

Agribank

Vietnam Agriculture and Rural Development

Hanoi

30,591.0

6

VDB

Development of Vietnam

Hanoi

30,000.0

7

MB

Army

Hanoi

27,987.6

8

VP Bank

Vietnam Prosperity

Hanoi

25,299.7

9

ACB

Asia

TP. HCM City

21,615.6

ten

Sacombank

Sai Gon Thuong Tin

TP. HCM City

18,852.2

In the above list, it is impossible not to mention "Four giant banks", the top 4 largest banks in Vietnam under the State are: BIDV, Vietinbank, Vietcombank and Agribank.

3- Which bank are you using, please share it for everyone to know!

* * It can be said, to save or borrow money with large amounts of money, the bank is a suitable and smart choice. However, the age-old story that you have to face when transacting at the bank is the long time to review and wait, plus strict conditions. When you are in urgent need of money during the day with an amount not too large from 1-10 million, borrowing money online with ID card / CCCD will be the most effective solution for you.

CashBerry - No 1 option for a low-interest non-mortgage loan

CashBerry is a consulting platform and provides online financial solutions 24/7, to support your extraordinary financial needs.

Understanding the financial problems you are facing, we try to bring you the simplest, fastest and most convenient financial solutions.

Benefits when borrowing money quickly with low interest rates CashBerry

● Interest rate is about 10% / year with the loan amount up to 3 million for the first registration.      

● 24/7 loan support with a professional team.      

● Online loan procedure is simple, fast and safe.      

● Receive money quickly after 2 minutes.      

4-

Loan terms and conditions

● Loan support from 500,000 - 10,000,000 VND.      

● Customers from 20 - 60 years old and living in Vietnam.      

● Have a stable income.      

● Loan term is from 3 - 6 months.      

● Re-lending customers can increase their maximum limit with attractive incentives.      

Above are the top 10 largest banks in Vietnam in terms of business size and performance. Hopefully, they will help readers choose the most reliable and best partner to conveniently deposit future finance as well as daily financial transactions. Besides, if you are in need of online consumer loans, you can contact CashBerry for quick support.

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