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The Asian Banker compiled a list of the top 500 banks ranked by assets (AB500
Rank) and another ranking the 500 strongest banks by confidence in the long-term
profitability from their core business (Strength Rank).
In terms of the Strength Bank, Vietcombank ranked 29th among the top 500 banks,
up 19 places from the 2017 rankings. It also topped the 14 Vietnamese banks in
the list.
It stood at the 169th position in the AB500 Rank, jumping 19 places from 2017.
Vietcombank’s 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.
It was also the first major bank of Vietnam to have brought the rate of
non-performing loans to under 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.
Source: VNA
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