Best Banks in Vietnam in 2026

Vietnam banks provide innovative digital tools and service options for both residents and foreigners. Today, the best banks in Vietnam can help you through most financial scenarios—whether you’re opening your first account as an expat, managing expenses as a student, or someone living abroad looking to send money to Vietnam.

Regardless of your circumstances, finding the right partner for your money goals is important. Our list below will help you decide which bank is best for foreigners in Vietnam or which provides the right services you need. Read on and find the bank that fits you.

Key takeaways

• Vietnam’s top banks offer a mix of state-owned stability and private-sector innovation, with options ranging from in-person support to fully digital experiences.
• Vietcombank and ACB are top choices for expats, thanks to bilingual support, international services, and easy account setup.
• Techcombank and TPBank lead in digital banking, offering app-based features, no-fee accounts, and smart money tools.
• MBBank and VPBank provide fast digital loans and mobile-first services, appealing to entrepreneurs and remote workers.
• Western Union complements local banking with flexible international money transfers online, in-app, or for cash pickup.

Comparing the best banks in Vietnam

 

Top banks in Vietnam

The top ten banks in Vietnam range from government-backed institutions with national reach to agile private banks leading digital innovation. Together, they cover most of your everyday banking needs. Each institution brings unique features to the table that we’ve outlined below.

1. Agribank

Agribank (Vietnam Bank for Agriculture and Rural Development) is one of the largest and most established state-owned banks in Vietnam. With deep roots in the agricultural sector, it plays a key role in providing financial services to rural communities. Its extensive branch network and trusted legacy make it a go-to for everyday banking needs, including checking, savings, debit cards, and loans.

Strengths:

• Nationwide branch and ATM network
• Strong ties to the public sector and rural development initiatives

Ideal for:

• Rural residents and agricultural workers
• Customers who prefer banking with national coverage

2. Asia Commercial Bank (ACB)

ACB is one of Vietnam’s most reputable private banks, recognized for its exceptional customer service and innovative digital tools. With a focus on personal and small business banking, ACB offers a wide range of products from savings accounts to consumer loans and credit cards.

Its English-language support and streamlined mobile app, ACB ONE, make it one of the best banks for foreigners in Vietnam, whether you’re a newcomer or an expat living in one of the urban areas.

Strengths

• Intuitive mobile and online banking with English support
• Fast, transparent account setup for individuals and small businesses

Ideal for:

• Individuals and businesses
• Customers who prefer strong digital banking tools

3. BIDV

BIDV is one of Vietnam’s “Big Four” state-owned banks, having served the country for over six decades. Known for its stability and wide range of financial services, BIDV caters to both individuals and businesses. It’s especially popular for home loans and long-term savings products, and it offers both personal banking services and wealth management.

BIDV partners with Western Union to provide international money transfers for customers sending money abroad, whether it be for school tuition, family allowance, or something else.

Strengths:

• Everyday accounts available in 14 currencies
• International debit and credit cards with various benefits

Ideal for:

• Vietnamese nationals and foreigners
• Customers managing money across borders

4. HDBank

HDBank is a commercial bank in Vietnam, offering a range of personal and business banking services, along with a growing digital presence. It’s known for competitive loan products, especially for small and medium-sized enterprises (SMEs), as well as co-branded credit cards through its partnership with Vietjet Air. Its expanding digital services and customer-friendly approach make it increasingly popular among young professionals and frequent travelers.

Strengths:

• Co-branded Vietjet credit cards with travel perks
• Strong lending programs and business banking support

Ideal for:

• Small business owners and entrepreneurs
• Travelers and frequent flyers

5. MBBank

MBBank, established initially to serve Vietnam’s military personnel, has grown into a leading commercial bank offering savings deposits, loans, cards, and e-banking. Its mobile app offers features like smart budgeting tools and seamless bill payments. With a reputation for security and efficiency, MBBank appeals to both tech-savvy users and those seeking fast and flexible banking solutions.

Strengths:

• Highly rated mobile app with online account opening
• Strong cybersecurity standards and fast transaction processing

Ideal for:

• Digital-first customers
• Military families and government workers

6. Techcombank

Techcombank is one of Vietnam’s largest private banks and another leader in digital banking innovation. Known for its personal and business accounts with tech-driven services, Techcombank targets affluent individuals and professionals who prioritize speed and mobile-first services. Its cutting-edge mobile app and smart financial planning tools make it a top choice for customers who want more control over their money.

Strengths:

• No-fee accounts with flexible money management tools
• Cutting-edge mobile and online banking experience

Ideal for:

• Professionals and high-income earners
• Digital-first users seeking low-fee banking

7. TPBank

TPBank is one of Vietnam’s most forward-thinking banks, known for its strong emphasis on digital transformation and customer convenience. It caters to young, tech-savvy users with services like AI-powered chat support and a streamlined mobile app. TPBank is a strong choice if you’re looking for fast, fully digital banking with little need for in-person visits.

Strengths:

• AI-powered support and round-the-clock LiveBank kiosks
• Streamlined mobile banking with quick account setup

Ideal for:

• Students and young professionals
• Digital-first customers who prefer app-based banking

8. Vietcombank

Vietcombank is one of Vietnam’s most internationally connected banks, making it a trusted choice for expats and those managing cross-border finances. With services available in multiple currencies and a strong commitment to customer service, it supports both personal and business clients.

Strengths:

• Fast and convenient online account opening
• Foreign currency accounts and global money transfer options
• Zero-fee digital banking options

Ideal for:

• Expats and international workers
• Individuals needing foreign currency or remittance support

9. VietinBank

VietinBank is another key player in Vietnam’s banking industry, recognized for its strong government backing and comprehensive range of services catering to both individuals and corporations. With branches throughout the country and a growing digital platform, VietinBank is especially appealing to customers who value stability and long-term financial relationships.

Strengths:

• Savings account options in VND, USD, and EUR
• Online account opening
• Nationwide branch network

Ideal for:

• Residents seeking full-service banking
• Corporate clients or large-scale businesses

10.  VPBank

VPBank is one of Vietnam’s most innovative and customer-focused banks, offering a strong mix of personal and business digital banking solutions. It stands out for its quick loan approvals and competitive Visa and Mastercard credit card offers, including cards cobranded with MobiFone or Shopee.

Strengths:

• Fast-track personal loans and credit card promotions
• Everyday transaction and savings accounts

Ideal for:

• Entrepreneurs and small business owners
• Individuals seeking credit reward options

How to choose the right bank in Vietnam

Choosing the best bank in Vietnam depends on your lifestyle and how you plan to manage your money. If you’re an expat or student, look for banks that offer English-language support and international money transfer services. Business owners may prioritize banks with SME financing and digital tools. For those living in rural areas, access to branches and ATMs may be the most important factor.

It also helps to consider how your money will be converted from abroad. Check the USD to VND exchange rate before making any large transfers or opening foreign currency accounts.

Send money abroad

When it comes to sending money internationally, convenience and flexibility are key. Using the Western Union app to send money, you can transfer funds quickly to bank accounts or for cash pickup worldwide. It doesn’t matter if you’re supporting family or managing global finances; you can send money now from nearly anywhere, anytime.