What Banks in Vietnam Were the Most Cost Efficient in 2019?

Top Banks by Costs As % Of Income
Banking | Vietnam | March 3, 2020
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Excel Sheet

Based on a comparison of 15 banks in Vietnam in 2019, Vietcombank was the most cost efficient bank, followed by Vietnam Prosperity Bank and MBBank.

Vietcombank's cost to income ratio reached 31.9% in 2019, up from 32.2% when compared to the last year. Historically, the bank’s costs reached an all time high of 58.1% in 2004 and an all time low of 20.9% in 2002.

When compared to total assets, bank's cost amounted to 1.39% in 2019, up from 1.32% a year earlier.

Comparing Vietcombank with its closest peers, Vietnam Prosperity Bank operated in 2019 with a cost to income ratio of 34.6%, MBBank reached 34.9% and BIDV some 35.0%.

You can see all the banks cost efficiency data on the Costs (As % Of Income) indicator page or you can download a report on the Vietnamese banks in the report section.

Costs (As % Of Income) Unit 2012 2013 2014 2015 2016 2017 2018 2019
Agribank % 56.8% 55.9% 50.2% ... ... ... ...
Asia Commercial Bank % 64.3% 61.6% 62.1% 59.3% 52.8%
BIDV % ... 40.0% 39.8% 45.2% 45.5% 39.3%
HDBank % 70.0% 62.8% 58.3% 60.1% 53.9%
Lien Viet PostBank % 50.3% 57.9% 57.5% 53.1% 58.7% ...
MBBank % 35.1% 35.6% 35.4% 40.7% 39.6%
Sacombank % 52.2% 51.3% 58.3% 78.8% 67.1%
SHB Bank % 75.8% 48.6% 51.6% 53.4% 42.3%
Techcombank % 57.6% 50.8% 40.2% 37.4% 29.3%
TPBank % ... ... ... ... 56.3% 52.2%
Vietcombank % 37.9% 37.2% 36.9% 37.6% 37.4%
VietinBank % 45.7% 54.7% 48.9% 48.4% 45.1%
Vietnam Export Import Bank % 61.8% 59.3% 56.6% 56.5% 59.7%
Vietnam International Bank % ... ... ... 58.0% 59.5% 54.9% ...
Vietnam Prosperity Bank % 51.0% 57.0% 45.0% 37.7% 35.2%
AVERAGE % 52.2% 53.7% 51.7% 50.3% 51.7% 47.7% 46.6% 42.4%