Thursday, December 1, 2022 6:21:39 PM - Markets open
VN-INDEX 1,036.28 -12.14/-1.16%
HNX-INDEX 211.00 +2.21/+1.06%
UPCOM-INDEX 71.41 +0.54/+0.76%
Top 10 prestigious commercial banks 2021 announced
Vietnam+ - 7/14/2021 3:31:38 PM
 (0 ratings. You must sign in to rate.)
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.
The bank is followed by the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) and Vietnam Technological and Commercial Joint Stock Bank (Techcombank) in the second and third places, respectively.
The list also includes the Military Commercial Joint Stock Bank (MBBank), Asia Commercial Joint Stock Bank (ACB), Vietnam Prosperity Joint Stock Commercial Bank (VPBank), Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Tien Phong Commercial Joint Stock Bank (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 that Vietnam’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, with bad debts under good control.
Vietnam Report Director Vu Dang Vinh said the firm’s survey of experts and banks indicates that the top three macro-economic factors influencing the banking sector’s performance in 2021 are likely to be the widespread outbreak of the COVID-19, the macro-economic recovery, and the State’s relevant policies and regulations.
Meanwhile, the three micro-economic factors that may have the biggest impact on the industry include fintech, risk management and internal control system, service and product quality.
Some 52.94 percent of surveyed experts and banks said that the banking industry will see better growth and performance this year. It is believed this year’s credit growth is likely to be equal to or higher than 2020’s figure./.
Read original article here
Newer News
29/11 VPBank receives loans from large financial institutions, affirming its reputation
29/11 Banks gain big profits from forex trading
29/10 Most banks expect better business performance in 2022
24/10 Challenges for banks in recovering bad debts
13/10 Increased pressure to raise interest rates
07/10 Investors warned of the possibility of corporate bond default
28/09 Commercial banks raise deposit rates after SBV’s adjustment
28/09 Foreign investment disbursement hits record high in nine months
23/09 Reference exchange rate up 8 VND
17/09 MoF proposes to reduce fees by up to 50 per cent to support transport sector
Older News
13/07 Reference exchange rate revised up 3 VND
13/07 Remittances to HCM City rise by 22.34% in first half of 2021
08/07 Reference exchange rate up 15 VND
07/07 Reference exchange rate remains stable
07/07 Banks report high profit in H1 despite COVID-19
05/07 Reference exchange rate up 6 VND at week’s beginning
01/07 Reference exchange rate continues upward trend
29/06 Reference exchange rate revised up by 8 VND
24/06 Reference exchange rate remains stable
23/06 Reference exchange rate up 7 VND
Newsletter Signup
Top Stories
Banks gain big profits from forex trading
Pharmaceutical firms report positive results in Q3
Petrol prices surge in latest adjustment
Investors worried as speculative stocks plummet
Bank stocks hit by corporate bonds maturity
Market Update
Last updated at 3:05:03 PM
VN-INDEX 1,036.28 -12.14/-1.16%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.