These banks have the most extensive networks in Vietnam

February 28, 2022 | 14:28
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State-owned banks lead the board when it comes to the number of branches and transaction offices in Vietnam.
These banks have the most extensive networks in Vietnam

As of December 31, state-owned commercial banks continued to hold the top spot when it comes to their branch network.

In terms of the number of branches, Agribank has maintained its position as the biggest bank in the country with 939 locations (171 first-grade branches, 768 second-grade branches).

Meanwhile, BIDV has 189 branches, VietinBank has 155 branches, and Vietcombank has 89 branches.

After the deal of MHB and BIDV in 2015, BIDV extended its nationwide network.

Regarding private commercial banks, Sacombank, boasting 109 branches, holds the top spot in the group.

MB (99 branches), LienVietPostBank (76 branches), HDBank (72 branches), VPBank (66 branches), and MSB (62 branches) are the next most popular banks in Vietnam. This is partially due to the former deals between local banks, such as Sacombank and Southern Bank or HDBank and Dai A Bank.

DongA Bank has maintained its nationwide network effectively despite being under special supervision of the State Bank of Vietnam since 2015.

State-owned commercial banks also continued to dominate in the transaction infrastructure.

Agribank retains the leading position with 1,286 transaction offices and is well ahead of other commercial banks.

Following Agribank are BIDV (895 transaction offices), LienVietPostBank (480 transaction offices), Vietcombank (472 transaction offices), and Sacombank (443 transaction offices).

By Trung Duong

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