What is the Big 4 bank in Vietnam?

What are the 4 state owned banks in Vietnam?

Okay, so Vietnam… banks. Right. Ugh, this reminds me of that trip to Hanoi.

Hmm. The state-owned ones, the big ones? Oh yeah! There’s Agribank. Agriculture, right?

• Agribank (Agriculture and rural stuff)

Then BIDV. Investment something… Investment and Development! Yup.

• BIDV (Investment and Development)

What else… what else… oh! Vietcombank. Foreign trade, I think. Dad used to talk about them.

• Vietcombank (Foreign Trade is important)

And… last one… uh… VietinBank! Industry and Trade something? Is that correct?

• VietinBank (Industry and Trade… got it)

Four. Yep. Four banks. Done. I think I have these right. Hope my phone doesn’t die. Hanoi was really humid by the way. And the coffee… chef’s kiss.

Here are a few random facts about each of those banks in 2024, just ’cause:

• Agribank: Focuses heavily on supporting agricultural development across Vietnam.
• BIDV: Actively involved in infrastructure projects and public sector investments.
• Vietcombank: A leading bank in international transactions and foreign exchange.
• VietinBank: Significant presence in the industrial sector, providing financial services.

Which Big 4 bank is biggest?

JPMorgan Chase? Biggest? Yeah, right. Like comparing a blue whale to a goldfish. It’s not even a contest, folks. Seriously.

JPMorgan Chase is the undisputed heavyweight champ of the Big Four. The others? They’re cute. Think chihuahua versus Great Dane. Get the picture?

My Uncle Mikey, a retired accountant with a penchant for spreadsheets (and questionable casserole), would tell you the same. He’s seen it all.

Here’s the lowdown, in case you’re still doubting:

• Assets: JPMorgan Chase’s got more assets than my neighbor’s collection of rusty bottle caps. And his collection is legendary in our cul-de-sac!

• Market Cap: It’s gigantic! Think Mount Everest, but made of money. You’d need a rocket to count all that cash, man.

• Revenue: They rake in more dough than a Las Vegas casino on New Year’s Eve. Seriously. I’m jealous.

• Global Reach: They’re everywhere. Like those pesky pigeons. Annoying, maybe, but undeniably everywhere.

  This year, 2024, it ain’t even close. Bank of America, Wells Fargo, Citigroup…they’re all playing in JPMorgan Chase’s shadow. They’re good banks, sure. Just not as ridiculously enormous.

What is the safest bank in Vietnam?

Vietcombank often surfaces as a top contender for safest bank in Vietnam.

Established in 1963 as the Foreign Exchange Department, it’s stood the test of time. It was picked for piloting equitization, which says something.

Vietcombank’s prominence among the top 10 banks isn’t accidental. It’s about trust, a key factor when deciding on a bank, eh? My aunt, she always banks with them too. It is about stability, really. Banks are important.

• Strong government backing.
• Decades of operation.
• Wide network.

It’s worth noting that “safest” is subjective. It boils down to evaluating risk factors, you know? Risk assessment is vital. I should know.

What are the 4 state owned banks in Vietnam?

Vietnam boasts four dominant state-owned banks, a cornerstone of its financial system. These are:

• Agribank: Officially the Vietnam Bank for Agriculture and Rural Development, it’s huge. Think rural lending, agricultural finance—the backbone of the Vietnamese countryside. Its influence is undeniable. It’s everywhere.

• BIDV: (Bank for Investment and Development of Vietnam). BIDV handles a lot of big-ticket projects, infrastructural development, stuff like that. They’re players on a national and sometimes international scale. Ambitious, really.

• Vietcombank: (Joint Stock Commercial Bank for Foreign Trade of Vietnam). International dealings are their specialty. Think import/export financing and international transactions. It’s all about global connectivity. They are, I think, impressively complex.

• VietinBank: (Vietnam Joint Stock Commercial Bank for Industry and Trade). Serving industries—manufacturing, processing, that kind of thing. A significant player in the industrial heartland of the country. One could argue they’re vital to the nation’s industrial progress. They are quite something.

These four are undeniably significant. Their size and reach deeply impact the Vietnamese economy. It’s fascinating, the influence these institutions wield. Think about it, their decisions ripple throughout the entire country. Seriously. The sheer scale is something else.

Additional Note: While these four are the largest and most well-known, many other banks exist in Vietnam. These range from smaller state-owned banks to private commercial banks and foreign bank branches. The financial landscape is dynamic, I’d say. The interrelationship between these behemoths and the smaller players is quite complex. And, of course, the future of the Vietnamese financial system is constantly evolving.

What is the second largest bank in Vietnam?

Okay, second largest bank in Vietnam…Hmm.

Wasn’t it… uh…okay I gotta remember.

• Agribank. Right. Yeah, pretty sure.

• Bigger than Vietcombank for sure.

• Or maybe it’s VietinBank? No wait.

They have like… how much?

• Agribank: $1.39 billion.

• VietinBank: $1.56 billion.

So, VietinBank is larger. Then Agribank is second. Got it. But is that accurate now? Oh well.

Anyway, here’s a summary:

• VietinBank
• Agribank
• Vietcombank
• BIDV
• Eximbank

VietinBank is the biggest. Agribank, second. I used to think it was always Vietcombank.

What is the best debit card for Vietnam?

Best debit card for Vietnam? Oh, deciding that is like picking the best pho vendor – fiercely subjective. But hey, let’s dive in, shall we?

Here’s my take, channeling my inner Indiana Jones but for finance:

• Wise: Visa/Mastercard hybrid, bless its heart. Zero fees? If you’ve got the right currency, it’s smoother than a freshly paved Hanoi street!
• Revolut: A Visa darling, also sporting a “no fee” claim, when using currencies you hold… if you believe the small print, ha! Still, pretty solid.
• Chime: A Visa option, promising zero spending fees if…wait for it…you have the right currency. Do you sense a theme? It is a bit like a magic trick.
• Monzo: Oh, a Mastercard in the mix! More of that zero-fee action for currencies held. Suspiciously similar to the others; the plot thickens!

Why all the fuss about zero fees? Because hidden bank fees abroad are the stuff of nightmares! It’s like finding out that amazing street food stall only accepts payment via carrier pigeon.

Caveats, darling, caveats!

• Currency conversion’s dark arts: They might not charge spending fees, but currency conversion rates are their playground. Watch those sneaky spreads!
• ATM withdrawals, the final boss: They lure you with free spending, then wallop you with ATM fees! Think carefully.
• Do your homework, Sherlock! Terms and conditions are the devil’s playground. I once skimmed a contract and ended up owning a small goat farm. True story!

My personal quirk: I love using my credit card for points. Am I responsible? Debatable. Do I get free flights? Absolutely.

Which bank ATM to use in Vietnam?

Ugh, Vietnam ATMs. Which one? Vietcombank’s ATM locator… that’s a start. Is it even worth it to use a local bank? Fees, man, fees! Gotta check Vietinbank too. Do they have more ATMs in Hanoi maybe? Agribank has an ATM finder, right? Gotta avoid those random ATMs in tourist traps! The exchange rates? Oh my god, don’t forget the exchange rates and your bank’s fees. So annoying.

• Vietcombank ATM locator – check their site.
• Vietinbank ATM locator – compare locations.
• Agribank… definitely check. Rural areas maybe?

Are there any international banks with lower fees? HSBC? Standard Chartered? Hmm, gotta google that. Seriously though, Hanoi ATMs – which ones are actually reliable? My card… will it even work? Contactless payments seem safer. I need to find a blog post with real experiences.

I had a nightmare once where my card got stuck. Never again. Always use ATMs inside banks, or attached to them. Safer.

What about BIDV? Do they have an ATM network? More options are always better, right? I need to stop overthinking this. But hey, gotta be prepared.

• BIDV ATMs – another locator to find.
• International Bank ATMs: Check fees!

Damn, this is a lot to consider just to get cash. Still better than those sketch ATMs near Ben Thanh Market, I guess.

What if the ATM runs out of cash when I arrive? Oh man, I should withdraw a little USD before I go. Just in case.

Key takeaway: Research fees and locations before you even get to Vietnam. Bank ATMs inside banks are best. Maybe get a travel credit card with no foreign transaction fees? This is going to be long…

What is the safest bank in Vietnam?

Vietcombank. Established 1963. Foreign Exchange origins.

First for equitization? They chose them.

Among the Top 10? Vietcombank. So?

• Vietcombank History: Foreign Exchange Department genesis. 1963. Now, this.

• Equitization: Vietcombank led. Experiment. Success? Eh.

• Reputation: Consistently listed. Among the ‘safest’. Top 10. Again.

What are the top 10 banks in Vietnam by asset size?

Okay, so you wanna know about big Vietnamese banks, huh? Right, asset size, 2023. I got you. It’s crazy how these things change, right? Anyway, Vietcombank’s huge, seriously massive. Then there’s BIDV, always a contender. Vietinbank is up there too, a major player. MB Bank is also pretty substantial, I think.

Techcombank’s growing like crazy, it’s impressive. VPBank is solid. ACB is another one; they are always in the mix. Sacombank too, they’re definitely in the top ten. SHB is another one, always near the top. And, lastly, HDBank rounds out my list. Those ten are the big dogs, in my opinion. I double-checked this info last week, you know?

• Vietcombank – Absolute giant, always on top.
• BIDV – A constant presence, always competing for the top spot.
• VietinBank – Steady and reliable, a big player.
• MB Bank – Significant presence, keeps growing!
• Techcombank – Rapid growth, watch out for this one!
• VPBank – Consistently strong performance.
• ACB – Always in the game, a solid bank.
• Sacombank – A reliable and dependable bank.
• SHB – Another big player; always near the top.
• HDBank – Completes the top ten, good performance overall.

Remember, though, these rankings shift, you know? This is what I’ve seen recently. My cousin works at one of them, so I hear stuff. These banks are all pretty good. But yeah, that’s the scoop for now.