Vietcombank ranks high in Forbes’ Global 2000 annual ranking

VGP - The Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) found a place among the 1,000 largest companies in “The World’s Largest Public Companies 2020” report released last week in its Global 2000 annual ranking.

May 26, 2020 7:17 PM GMT+7

Vietcombank is listed in 937th position, up 159 places since 2019.

It is also the only company from Viet Nam to be ranked among the largest 1,000.

In 2019, It posted strong profit growth, with profit before tax reaching VND 23.16 trillion (US$994 million), up 24% year-on-year and surpassing the targeted 12%.

The result put it among the top 200 banking institutions in the world in terms of profit.

Currently, Vietcombank is the first Vietnamese bank to possess total assets worth $50 billion and is the most valuable company in Viet Nam’s stock market.

The country has three other representatives on Forbes’s top 2,000 largest companies: the Bank for Investment and Development of Viet Nam (BIDV), Vingroup, and Vietinbank.

Forbes’s Global 2000 ranks 2,000 of the largest publicly listed companies globally. The ratings are based on scores of revenues, profits, assets and market capitalisation./.

By Hoang Ha