Top Retail Banking Companies in Vietnam – Major Banks and Retail Finance Leaders

Top Companies in Vietnam Retail Banking Market Overview

Vietnam retail banking market is developing with rapid rate over the past few years. The retail banking industry is growing with the support of several factors like digital banking, increased financial inclusion, and the rising demand for convenient banking services. Throughout the time, retail banking is becoming more customer-centric, offering tailored services like savings accounts, loans, credit cards, and investment products, while expanding its reach through mobile apps, online platforms, and financial technology innovations. As the economy develops and more individuals are gaining access to banking services, retail banks are majorly focusing on the improvement of their digital offerings, customer experience, and financial products. Further, fintech sector is developing and the rise of online and mobile banking, Vietnam is experiencing a shift towards a more tech-driven and customer-oriented banking environment.

Best Brands of Retail Banking in Vietnam

Here are some best brands with the speciality and area of application:

Why Retail Banking Matters in Vietnam

Retail banking is gaining main importance in Vietnam, which is in the midst of rapid digital transformation. As more people receive smartphones and access to the internet, online banking services will naturally be in high demand. Retail banks are focus more on the easier, more user-friendly solutions, like mobile banking, digital wallets, and credit card services, for both urban and rural populations. Further, retail banking a growing middle class and small businesses in Vietnam by providing a broad range of financial products which include savings accounts, home loans, and investment options.

List of Top 10 Companies in the Vietnam Retail Banking Market

The landscape of this industry is being competitive with the presence of the below mentioned top companies:

• Vietcombank
• Techcombank
• Vietinbank
• Bank for Investment and Development of Vietnam
• Military Commercial Joint Stock Bank
• Asia Commercial Bank
• Vietnam Bank for Agriculture and Rural Development
• Vietnam Prosperity Joint Stock Commercial Bank
• Ho Chi Minh City Development Joint Stock Commercial Bank
• Tien Phong Commercial Joint Stock Bank

Most Common Retail Banking Products in Vietnam

Here are some of the widely used retail banking products in Vietnam:

An In-Depth Comparison of Retail Banking Products in Vietnam

Here’s a comparison of common retail banking products based on features and cost:

Below is the list of ratings and performance of top companies: A comprehensive rating and performance breakdown