Currently, the growing field of technology has paved the way for using environmental friendly resources; in particular, plant origin holds ecological concern and renewable aspects. Currently, natural fiber composites have widening attention, thanks to their eco-friendly properties. In the present work, the composite material is reinforced with natural fibers from the bark of banana trees (banana fibers), a material available in Vietnam. Banana fibers are extracted from banana peels, pretreated with NaOH 5%, and then cut to an average length of 30 mm. Banana fiber is reinforced for epoxy resin Epikote 240 with mass percents: 10 wt.%, 15 wt.%, 20 wt.%, and 25 wt.%. The results were evaluated through structural morphology (SEM), mechanical properties, fire resistance, and thermal properties. Experimental results show that the tensile, compressive, and impact strengths of biosynthetic materials up to 20% by weight have increased compared to epoxy neat. Flame retardant and thermal properties are kept stable; 20 wt.% banana fiber gives a limiting oxygen index of 20.8% and satisfactory thermal stability.