What Banks in Vietnam Were the Most Profitable in 2019?

Top Banks by Net Profit (VND bil)
Banking | Vietnam | March 3, 2020
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Based on a comparison of 15 banks in Vietnam, Vietcombank produced the highest net profit in 2019, followed by Techcombank and VietinBank.

Vietcombank made a net profit of VND 18,514 bil, up 26.8% compared to the previous year. Historically, the bank’s net profit reached an all time high of VND 18,514 bil in 2019 and an all time low of VND 224 bil in 2002. The average profit in the last five years amounted to VND 10,880 bil.

The bank generated an average return on equity of 19.1% for its shareholders in the last five years with a maximum of 25.5% and a minimum of 12.0%.

Comparing Vietcombank with its closest peers, Techcombank generated a net profit of VND 10,075 bil with a ROE of 17.7% in 2019, VietinBank netted VND 9,461 bil (ROE of 13.1%) and BIDV announced a net profit of VND 8,487 bil giving a ROE of 12.8%.

You can see all the banks net profit data on the Net Profit indicator page or you can download a report on the Vietnamese banks in the report section.

Net Profit Unit 2012 2013 2014 2015 2016 2017 2018 2019
Agribank VND bil 1,651 1,724 2,387 ... ... ... ...
Asia Commercial Bank VND bil 826 952 1,028 1,325 2,118
BIDV VND bil ... 4,031 4,948 6,298 6,104 6,787
HDBank VND bil 218 477 513 738 1,746
Lien Viet PostBank VND bil 560 454 349 1,062 1,362 ...
MBBank VND bil 2,276 2,476 2,496 2,912 3,520
Sacombank VND bil 2,229 2,206 648 88.6 1,176
SHB Bank VND bil 850 791 795 913 1,539
Techcombank VND bil 659 1,082 1,529 3,149 6,446
TPBank VND bil ... ... ... ... 565 964
Vietcombank VND bil 4,358 4,567 5,314 6,876 9,091
VietinBank VND bil 5,792 4,068 5,665 6,738 7,402
Vietnam Export Import Bank VND bil 659 341 40.0 309 803
Vietnam International Bank VND bil ... ... ... 521 562 1,124 ...
Vietnam Prosperity Bank VND bil 986 1,276 2,363 3,911 6,234
AVERAGE VND bil 1,950 1,930 1,951 2,139 2,518 3,594 4,356 6,572