The ranking is Vietnam Report’s research results, which is based on scientific principles with three criteria: financial capacity shown on the financial statements of the most recent audited year (total sales, effective use of capital and bad debt ratio), accounting for 35% of the score; media credibility evaluated by means of articles on banking in the media (30% of score); and an online survey about the level of consumer satisfaction with the products and services (35% of the score).
Additionally, a survey on scale of capital, speed of growth, profits and plans in 2016 was made in June, 2016. The survey aims to define the position of banks in the industry.
The list of the top ten commercial banks in Vietnam comprisesThe Vietnam Bank for Industry and Trade (VietinBank), the Bank for Investment and Development of Vietnam (BIDV), the Bank for Foreign Trade of Vietnam (Vietcombank), the Asia Commercial Bank (ACB), the Technological and Commercial Joint-Stock Bank (Techcombank), the Military Commercial Joint-Stock Bank (MB Bank), the Saigon Thuong Tin Commercial Bank (Sacombank), Tien Phong Commercial Joint Stock Bank (TP Bank), Saigon-Hanoi Commercial Joint Stock Bank (SHB) and the Saigon Commercial Bank (SCB).
The banks all have the financial capacity, business experience and potential for growth. Meanwhile, the banks’ quality of products and services were highly appreciated by customers in the 2015-2016 period.
