“Two Hanoi Wards Under 2 km² Host Headquarters of Major Banks Like BIDV, Vietcombank, VietinBank, Techcombank, and More”

Hoan Kiem District (formerly known as the “Wall Street of Hanoi”) was once the hub for numerous financial institutions, banks, and securities companies. The administrative reorganization merged 18 former wards into two new wards: Hoan Kiem and Cua Nam.

Post-reorganization, Cua Nam Ward became the smallest administrative unit with an area of 1.65 km² and a population of 65,667. Hoan Kiem Ward spans 1.93 km² with 71,280 residents.

Cua Nam Ward

Cua Nam Ward hosts the most bank headquarters in Hanoi, including 8 state-owned and joint-stock banks. On Tran Hung Dao Street, VietinBank stands out as one of the “Big Four” state-owned banks. By Q2 2025, VietinBank’s total assets reached VND 2,610 trillion, with pre-tax profits of VND 18.9 trillion.

Nearby, SHB Bank at 77 Tran Hung Dao is linked to businessman Do Quang Hien. As of June 30, 2025, SHB’s total assets were VND 826 trillion. In H1 2025, SHB recorded pre-tax profits of VND 8,946 billion, up 30% YoY, achieving 62% of its annual target.

In the Quang Trung – Ly Thuong Kiet area, Techcombank’s headquarters at 6 Quang Trung boasts assets exceeding VND 1,000 trillion by June 2025, making it Vietnam’s first private bank to reach this milestone. Designed by Foster + Partners, it’s the first Vietnamese bank office to earn LEED Gold certification for sustainability.

TPBank’s headquarters is nearby at Ly Thuong Kiet – Hang Bai intersection. In 2025, Cua Nam welcomed VikkiBank, formerly DongA Bank, now under HDBank. VikkiBank relocated its HQ from Ho Chi Minh City to 72 Ly Thuong Kiet, Hanoi.

Cua Nam also hosts BaoViet Bank, GPBank (Phan Chu Trinh Street), LPBank (LPBank Tower, Le Duan Street), and PVcombank (Ngo Quyen Street).

Cua Nam is also home to the Hanoi Stock Exchange (HNX) and several securities firms.

Hoan Kiem Ward

Hoan Kiem Ward hosts major banks, including the State Bank of Vietnam (SBV) at 49 Ly Thai To. As Vietnam’s central bank, SBV manages monetary policies, foreign exchange, and oversees commercial banks and credit institutions.

Nearby, Vietcombank at 198 Tran Quang Khai has the highest chartered capital (VND 83.557 trillion by Q2 2025). Its total assets reached VND 2,200 trillion, with net interest income of VND 14,160 billion, up 2% YoY.

BIDV’s consolidated assets exceeded VND 2,990 trillion by Q2 2025, maintaining its position as Vietnam’s largest joint-stock bank. BIDV Tower is a prime office choice for many corporations.

Hoan Kiem also hosts Seabank and LPBank. In H1 2025, LPBank’s pre-tax profit was VND 6,164 billion, while Seabank’s was VND 5,856 billion. The ward also houses the State Securities Commission.

With a high concentration of major banks and financial institutions, the Hoan Kiem – Cua Nam area is Hanoi’s undisputed financial hub.