It is the third time in a row the bank has been awarded the title.
The magazine's voters selected institutions that "have truly met the needs of their clients".
Vietcombank is one of the largest commercial banks in Vietnam and has won various international awards, including those by The Banker, Euromoney and The Asian Banker.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional