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

Top Banks by Costs As % Of Income
Banking | Vietnam | December 21, 2020
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.

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