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Vietnam’s banking sector among world’s fastest growing

Vietnam’s banking sector is one of the fastest-growing in the world, according to the latest report on the most valuable and strongest banking brands globally by Brand Finance. The report, which listed 500 banks with the largest brand value globally in 2022, showed that Vietnam’s banking sector has an overall brand value growth of 49%. The report included 11 Vietnamese banks. Vietnamese brands in the Brand Finance Banking 500 2022 ranking have experienced growth or added to the country’s total as new entrants. Among the brands, MBBank is up by a staggering 113% to USD642m and Techcombank is up 80% to USD945m. Across the sector, banking brands are expected to post a 9% year-on-year brand value growth to reach an all-time high of USD1.38tr.

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