Representatives from banks and companies are at the ceremony announcing top ten prestigious companies in banking, insurance and technology in Vietnam in 2023. (Photo: Vietnam Report JSC)

Hanoi (VNA) – TheVietnam Report JSC in collaboration with e-newpaper vietnamnet.vn on August 4 announced lists of the top 10 prestigious companies in banking, insurance andtechnology in Vietnam in 2023.

The ten banks honouredas the most prestigious commercial banks in the country in 2023 areVietcombank, VietinBank, Techcombank, BIDV, Military Bank, VPBank, ACB,AgriBank, TPBank, and VIB.

Meanwhile, the ten most prestigiouslife insurance companies include Bao Viet Insurance, Dai-IchiVietnam, AIA Vietnam, Prudential Vietnam, Chubb Vietnam, Generali Vietnam,Hanwha Life Vietnam, Cathay Vietnam, MB Ageas and Mirae Asset Prévoir.

The top ten prestigiousinformation technology - telecommunications companies include Military-runIndustry and Telecoms Group (Viettel), FPT Corporation, Viet Nam Posts andTelecommunications Corporation, VNPT Vinaphone Corporation, MobifoneCorporation, CMC Corporation, VNPT-Vinaphone, Vietnam Technology andTelecommunication Joint Stock Company, Hanel Joint Stock Company, Việt Nam Technology &Telecommunication Joint Stock Company, Việt Nam Maritime Communication andElectronics Company, and Tien Phat Technology Joint Stock Company.

The annual rankings are based on independent research and assessment by Vietnam Report.The enterprises honoured in this year's lists are all effective, experienced,well-positioned and reputable representatives, making positive contributions tothe overall development of the industry in particular and Vietnam’s economy ingeneral in recent years.

According to a survey by Vietnam Report, banks do not expectbreakthrough growth in the second half of 2023. The industry outlook isforecast to be stable, with a growth rate of between 42% and 44. 2%compared to the survey results in 2022 and 2021.

However, opportunities coming from the State Bank's new policies such as flexible interest rate management, closely following market developments, and global digitaltransformation are expected to bring great impetus for banks to overcome difficulties.

For the insurance industry, the "headwinds" in themarket have had a strong impact on the industry in recent years,especially the series of cases related to insurance distribution channelsthrough banks that have pulled down public confidence in the llife insurance market inparticular and the insurance industry in general.

Meanwhile, the information technology - telecommunicationsindustry has made progress and continued to be a bright spot in Vietnam'seconomy in 2022. But from the end of 2022 to the beginning of 2023, businesses in theindustry are affected by the weak demand due to the risk of world economicrecession and inflationary pressure.

🌄 To maintain growth in the current difficult context, businesses needto maintain their development goals, come up with balanced and comprehensiveaction strategies around technology and process issues and people such asimproving competitiveness compared to other technology competitors, enhancingtraining of high-quality human resources./.