Vietcombank named best bank of Vietnam by Euromoney
Vice General Director of Vietcombank Nguyen Thi Kim Oanh (second, right) at the awarding ceremony (Source: tienphong.vn)
This is the fifth consecutive year the bank has received this award from the Hong Kong-based magazine.
The "best bank" prize is one of over 20 international awards in the “Awards for Excellence” - the most prestigious banking and finance award system in the world selected by Euromoney.
The “Awards for Excellence” aims to honour the bank for its sustainable development capacity, business performance, risk management, application of information technology, management quality, and contributions to the domestic finance market.
Vietcombank was selected based on criteria such as total revenue and asset, pre-tax profit, net income.
Vietcombank recently has become one of the 30 strongest banks in the Asia-Pacific region in the recent rankings of The Asian Banker magazine.
Its total asset was estimated at over 1 quadrillion VND (43.1 billion USD) by the end of 2018. Its profit last year approximated 18.4 trillion VND, up 63.5 percent from 2017, taking the lead among Vietnamese banks.
The bank was also the first major bank of Vietnam to have brought the rate of non-performing loans to below 1 percent two years ahead of schedule.
Vietcombank aims to become the No. 1 bank in Vietnam, one of the 100 strongest banks in the region, and one of the 300 largest financial-banking groups in the world by 2020.
Related News
Central bank starts huge credit package for social housing projects
14:42 | 04/04/2023 Finance
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline
14:47 | 04/04/2023 Finance
Central bank cuts policy interest rates to spur growth
17:43 | 02/04/2023 Finance
Need to effectively use tools to prevent exchange rate risks in import and export field
10:32 | 02/04/2023 Import-Export
Latest News
Corporate bonds worth 1.1 billion USD issued in March
13:55 | 06/04/2023 Finance
Tax revenue is estimated at VND 426,922 billion in the first quarter
09:56 | 06/04/2023 Finance
In Q1, State revenue estimated to rise by 1.3%
13:28 | 04/04/2023 Finance
Consider raising the level of penalties to ensure fairness and transparency in the stock market
13:27 | 04/04/2023 Finance
More News
Ensure policies to attract investment when implementing global minimum tax
10:33 | 02/04/2023 Finance
SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks
20:30 | 01/04/2023 Finance
Solutions to attract FDI when implementing the global minimum CIT
11:38 | 01/04/2023 Finance
Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba
13:43 | 31/03/2023 Finance
Being many "hot" issues at the general meeting of shareholders of banks
09:24 | 30/03/2023 Finance
Bringing the policies on reducing land rent and water surface rent into life
15:41 | 29/03/2023 Finance
The more delayed the investment disbursement is, the more accumulated the capital expenditure will be
10:22 | 29/03/2023 Finance
Ministry of Finance summarizes the 10-year implementation of the Resolution of the 8th meeting of the 11th Central Committee
10:20 | 29/03/2023 Finance
Deputy PM urges hastened procedures for cancelled IDA loans
14:25 | 28/03/2023 Finance
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Corporate bonds worth 1.1 billion USD issued in March
13:55 | 06/04/2023 Finance
Tax revenue is estimated at VND 426,922 billion in the first quarter
09:56 | 06/04/2023 Finance
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline
14:47 | 04/04/2023 Finance
Central bank starts huge credit package for social housing projects
14:42 | 04/04/2023 Finance
In Q1, State revenue estimated to rise by 1.3%
13:28 | 04/04/2023 Finance