Top 10 prestigious commercial banks 2021 announced
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) again tops the list of ten most prestigious commercial banks in Vietnam this year, according to the latest ranking announced by Vietnam Report.
Vietcombank again tops the list of ten most prestigious commercial banks in Vietnam this year, according to the latest ranking announced by Vietnam Report. (Photo: VNA)
Hanoi (VNA) – The Joint Stock Commercial Bankfor Foreign Trade of Vietnam (Vietcombank) again tops the list of ten mostprestigious commercial banks in Vietnam this year, according to the latestranking announced by Vietnam Report.
The bank is followed by the Vietnam Joint StockCommercial Bank for Industry and Trade (Vietinbank) and Vietnam Technologicaland Commercial Joint Stock Bank (Techcombank) in the second and third places, respectively.
The list also includes the Military Commercial JointStock Bank (MBBank), Asia Commercial Joint Stock Bank (ACB), Vietnam ProsperityJoint Stock Commercial Bank (VPBank), Joint Stock Commercial Bank forInvestment and Development of Vietnam (BIDV), Tien Phong Commercial Joint StockBank (TPBank), Ho Chi Minh City Development Joint Stock Commercial Bank(HDBank) and Vietnam Bank for Agriculture and Rural Development (Agribank).
The ranking was based on the banks’ financial capacity,media reputation and customers’ perception and satisfaction.
Data from the General Statistics Office shows thatVietnam’s credit growth reached 5.47 percent in the first half of 2021,doubling the same period last year’s figure. Despite impacts caused by COVID-19,the banking sector has enjoyed high growth in profit during the period, withbad debts under good control.
Vietnam Report Director Vu Dang Vinh said the firm’ssurvey of experts and banks indicates that the top three macro-economic factorsinfluencing the banking sector’s performance in 2021 are likely to be thewidespread outbreak of the COVID-19, the macro-economic recovery, and theState’s relevant policies and regulations.
Meanwhile, the three micro-economic factors that may havethe biggest impact on the industry include fintech, risk management andinternal control system, service and product quality.
Some 52.94 percent of surveyed experts and banks saidthat the banking industry will see better growth and performance this year. Itis believed this year’s credit growth is likely to be equal to or higher than2020’s figure./.
Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has asked the Vietnam Banks Association (VNBA) to campaign lenders to slash interest rates immediately this month.
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A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
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The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Vietcombank again tops the list of ten most prestigious commercial banks in Vietnam this year, according to the latest ranking announced by Vietnam Report. (Photo: VNA)
