Top International Banks in Vietnam for Expats and Businesses

Vietnam has quickly become one of Southeast Asia’s most dynamic financial markets, drawing the attention of international banks looking to tap into its growing economy. With a steady influx of foreign direct investment (FDI) and an increasingly sophisticated local business environment, the presence of international banks in Vietnam has been rapidly expanding.

Whether you’re an expat looking for personal banking solutions or a business owner seeking global financial services, this article will guide you through the top foreign banks in Vietnam, their services, and how they can meet your needs.

Must read: How to Open a Bank Account in Vietnam

1. HSBC

HSBC is one of the most well-established international banks in Vietnam, renowned for being the first foreign bank to set up operations since 2009. With a rich legacy and a global presence, HSBC brings the power of its international network and decades of experience to serve customers in Vietnam.

For expatriates, HSBC offers a wide range of services tailored to their needs, such as wealth management, foreign exchange, international settlements, and trade finance. This makes it a top choice for expats looking for financial stability and expertise. Despite its British origins, HSBC has deeply embedded itself into the fabric of Vietnam’s financial system, offering banking solutions that cater to both individuals and global businesses.

• Website: HSBC Vietnam
• Branch Locations: HSBC has branches in major cities including Hanoi and Ho Chi Minh City. You can find the nearest branch using their Branch Finder.

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2. CitiBank

Since its establishment in Vietnam in 1993, CitiBank has been a leading name in global banking. The bank operates in over 160 countries, making it a convenient choice for foreigners doing business in Vietnam or expats living here. CitiBank is particularly well-known for its multi-currency accounts, corporate banking, and international remittance services, all of which are essential for expats conducting business and managing their finances across borders.

For those seeking convenience in digital banking, CitiBank offers a suite of cutting-edge services, such as CitiDirect BE for online banking and Citi Supplier Finance for efficient transaction management. This focus on digital banking solutions ensures that expats can easily manage their finances no matter where they are.

• Website: Citibank Vietnam
• Branch Locations: CitiBank has branches in Ho Chi Minh City and Hanoi.

3. Shinhan Bank

Shinhan Bank has established itself as a key player in the Vietnamese market, especially among the growing number of Korean expatriates. As part of the Shinhan Financial Group, the bank has played an instrumental role in fostering financial connections between Korea and Vietnam.

Shinhan Bank’s growth reflects its ability to serve a diverse range of clients, from individual expats to large businesses. Their commitment to customer service and local expertise has earned them a loyal clientele, particularly among those with ties to Korea.

• Website: Shinhan Bank Vietnam
• Branch Locations: Shinhan Bank operates branches in Ho Chi Minh City, Hanoi, and other major cities.

4. Standard Chartered

With a long-standing presence in Asia, Africa, and the Middle East, Standard Chartered has proven to be a global leader in the banking industry. Its services in Vietnam cater to a wide array of clients, from large businesses to individual expats.

Standard Chartered’s focus is on providing comprehensive corporate banking services, such as business loans, international trade finance, and corporate advisory. Their expertise extends to government projects as well, as they have been involved in credit rating advisory services for the Vietnamese government. This deep connection with both local and international markets makes Standard Chartered a go-to bank for foreign entities in Vietnam.

• Website: Standard Chartered Vietnam
• Branch Locations: Standard Chartered has branches in Ho Chi Minh City and Hanoi.

5. Public Bank Berhad

Public Bank Berhad has cemented its position as a trusted foreign bank in Vietnam. The bank was established as a joint venture with the state-owned BIDV and has been a reliable option for expatriates ever since.

Public Bank’s services for foreigners in Vietnam include remittance services, personal loans, and cross-border financing. Their personalized approach to banking has helped them build strong relationships with both individuals and businesses.

• Website: Public Bank Vietnam
• Branch Locations: Public Bank has branches in Ho Chi Minh City and Hanoi.

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6. Hong Leong Bank

Originating from Malaysia, Hong Leong Bank has emerged as one of the most innovative banks in Southeast Asia, with a growing presence in Vietnam. The bank’s ability to offer a blend of traditional and digital banking services has helped it attract a wide range of clients, including expatriates.

For expats in Vietnam, Hong Leong offers mobile banking, international transfers, and savings plans tailored to meet the needs of those living abroad. The bank’s ability to adapt to the digital banking revolution sets it apart, making it an ideal choice for those who prioritize seamless banking experiences.

• Website: Hong Leong Bank Vietnam
• Branch Locations: Hong Leong Bank operates branches in Ho Chi Minh City and Hanoi.

7. Vietcombank

Vietcombank, one of Vietnam’s largest state-owned banks, offers a solid range of banking services for foreigners. The bank is known for its competitive international transaction fees, savings accounts, and loan offerings tailored to foreign customers. Vietcombank has a vast network of branches across Vietnam, making it convenient for expats to access banking services wherever they are located.

Vietcombank’s prominence and reliability in the Vietnamese market make it especially appealing to foreigners who want a trusted partner for managing their personal and business finances.

• Website: Vietcombank
• Branch Locations: Vietcombank has an extensive network of branches across Vietnam.

8. Techcombank

Techcombank has grown rapidly since its inception in 1993, establishing itself as one of Vietnam’s largest private commercial banks. Known for its innovative approach to digital banking, Techcombank offers a range of services suited to both individuals and foreign businesses.

Expatriates will appreciate Techcombank’s mobile app, which allows them to conduct banking operations smoothly, including domestic transfers and flexible savings options. The bank’s emphasis on digital solutions makes it a standout in Vietnam’s competitive banking landscape.

• Website:Techcombank
• Branch Locations: Techcombank operates branches in major cities including Hanoi, Ho Chi Minh City, and others.

9. VietinBank & BIDV

Both VietinBank and BIDV play key roles in Vietnam’s financial system, serving both local and foreign clients. While VietinBank is known for its specialized services for foreigners, including foreign currency accounts and remittance services, BIDV offers a range of investment products and international banking services.

As state-owned banks, VietinBank and BIDV are well-integrated into the fabric of Vietnam’s economy and are trusted by many expatriates and businesses.

• Website: VietinBank
• Branch Locations: VietinBank has a widespread presence with branches throughout Vietnam.

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By considering factors such as convenience, service offerings, and digital innovation, expats and foreign businesses can find a bank that suits their financial goals in Vietnam. Remember to take the time to evaluate your options and choose the bank that aligns best with your requirements.

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