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A transaction office of the Bank for Investment and Development of Vietnam
(BIDV) (Photo: Vietnamplus)
Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) was the first and only
private Vietnamese bank to be named on the 2019 list, according to the Banking
500 2019, an annual report on the most valuable and strongest banking brands in
the world. It ranked in at number 361 on the list.
The other three were the Vietnam Joint Stock Commercial Bank for Industry and
Trade (VietinBank), the Bank for Investment and Development of Vietnam (BIDV),
and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank).
VietinBank was in at number 242, up from 310 in 2018; BIDV came in at 307, up 44
places; while Vietcombank moved up 43 places to rank 325th.
China’s major banks dominate the top spots in the Brand Finance Banking 500 2019
ranking. The Industrial and Commercial Bank of China (ICBC) leads as the world’s
most valuable banking brand, growing 35 percent to 79.8 billion USD. It also
fared well in brand strength as one of only three banks this year with an elite
AAA+ rating. China Construction Bank came in second place (69.7 billion USD),
with Agricultural Bank of China (55.0 billion USD) and Bank of China (51.0
billion USD) in third and fourth spots, respectively.
Meanwhile, Russia’s Sberbank claims the title of the world’s strongest banking
brand, with a score of 93.1 out of 100 and an AAA+ rating.
Source: VNA
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