Review Vietcombank 2019 - Joint Stock Commercial Bank for Foreign Trade of Vietnam

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) continued to be voted with the achievement of 2 consecutive years (2017-2018) leading in the Top 10 prestigious commercial banks in Vietnam.

Vietcombank NEWS

Vietcombank continues to lead the Top 10 most prestigious Vietnamese banks in 2019

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) continued to be voted with the achievement of 2 consecutive years (2017-2018) leading in the Top 10 prestigious commercial banks in Vietnam.

On July 25, in Hanoi, Vietnam Report Joint Stock Company (Vietnam Report) cooperated with Vietnam Net Newspaper to organize Vietnam Conference CEO Summit 2018 with the theme "The era of artificial intelligence economy: Lessons from the Harvard rescue dictionaries and the world elite "and" Ceremony to honor Top 10 prestigious Vietnamese banks in 2018 ".

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) continued to be voted with the achievement of 2 consecutive years (2017-2018) leading in the Top 10 prestigious commercial banks in Vietnam.

According to Vietnam Report, the reputation of banks is assessed based on 3 main criteria: Financial capacity and efficiency shown in the most recent audited financial statements; Communication prestige is evaluated by Media Coding method - encoding articles about banks on influential media channels; Investigation on the level of awareness and satisfaction of customers with the bank's products / services, survey of financial experts on the position and reputation of banks in the industry and investigation close to the situation of banks is implemented in May 2018 in terms of capital size, revenue growth rate, profit, operation plan in the year ..

In 2017, Vietcombank excellently surpassed the system and became the first bank in Vietnam to have a profit of 5 digits with 11,341 billion dong of pre-tax profit. Vietcombank's bad debt also decreased to only 1.1%, the lowest among large-scale credit institutions.

In the first 6 months of 2018, Vietcombank achieved a pre-tax consolidated profit of approximately VND 8,017 billion and continued to maintain its position as the largest market capitalized enterprise in the banking sector.

Vietcombank Info


Previously, the Bank for Foreign Trade of Vietnam, now the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), was established and officially went into operation on April 1, 1963 with the organization formerly known as the Foreign Exchange Department (directly under the Bank). Vietnamese state goods). As the first state-owned commercial bank selected by the Government to implement the pilot equitization, Vietcombank officially operated as a joint-stock commercial bank on June 2, 2008 after its implementation. publicized equitization plan through initial public offering. On June 30, 2009, Vietcombank shares (VCB stock code) were officially listed on Ho Chi Minh City Stock Exchange.

Over 50 years of construction and growth, Vietcombank has made important contributions to the stability and development of the country's economy, promoting the role of a key foreign bank, serving effectively. for domestic economic development, at the same time creating important impacts on the regional and global financial community.

From a specialized bank serving foreign economy, Vietcombank has now become a multi-functional bank, operating in many fields, providing customers with full range of leading financial services in the field of trade. international; in traditional activities such as capital trading, capital mobilization, credit, project financing ... as well as modern banking services: foreign currency trading and derivatives, card services, banks electronic…

Owning a modern banking technical infrastructure, Vietcombank has many advantages in applying advanced technology to automated handling of banking services, developing electronic banking products and services based on the background. High-tech platform. Digital technology space (Digital lab) and services: VCB Internet Banking, VCB Money, SMS Banking, Phone Banking, ... have been and will continue to attract a lot of customers with convenience and fast safe and effective, creating a non-cash payment habit for a large number of customers.

After more than half a century of operating on the market, Vietcombank is now one of the largest commercial banks in Vietnam with over 15,000 employees, more than 500 Branches / Transaction Offices / Representative Offices / Units. Domestic and foreign members, including Head Office in Hanoi, 101 branches and 395 transaction offices nationwide, 03 subsidiaries in Vietnam, 01 representative office in Singapore, 01 Representative Office in Ho Chi Minh City Chi Minh, 02 overseas subsidiaries and 04 joint ventures and associates. In addition, Vietcombank has developed an Autobank system with more than 2,407 ATMs and over 43,000 Card acceptance units nationwide. Banking operations are also supported by a network of over 1,726 correspondent banks in 158 countries and territories around the world.

With a long-term operation and a team of qualified and sensitive staff with a modern and highly integrated business environment, Vietcombank has always been the top choice of large corporations, enterprises and large groups. Island individual customers.

Always aiming at international standards in operation, Vietcombank has been continuously voted as the "Best Bank in Vietnam" by prestigious organizations in the world. Vietcombank is also the first and only bank in Vietnam to be in the Top 500 World Banks according to the voting results published by The Banker Magazine.

By intellect and dedication, Vietcombank's generations of staff have been and will always strive to build Vietcombank to become more and more sustainable, with the goal of bringing Vietcombank to become the No.1 bank in Vietnam by 2020. Male, one of the world's 300 largest financial banking corporations and managed under the best international practices.



Review Vietcombank 2019

Asiamoney rated Vietcombank as the best bank in Vietnam

Asiamoney rated Vietcombank as the best domestic bank, the most prominent company in the financial industry in Vietnam

On September 18, 2018, in Beijing - China, Asiamoney magazine held an award ceremony to honor leading brands in each country in the Asia - Pacific region.

The Bank for Foreign Trade of Vietnam (Vietcombank) is the only representative of Vietnam invited by the organizers to attend the award ceremony and is one of Asiamoney's many award-winning units, including the award "Internal bank the best place in Vietnam "and" The most prominent company in the financial industry in Vietnam ".

Asiamoney's "Best Domestic Bank in Vietnam" award is evaluated through audited information provided by each unit, combined with research, in-depth analysis and customer feedback after the trip. learn the reality of the editorial team in each country to select the best bank with outstanding performance compared to other banks, new products / services, superiority, success in management risk and sustainable development in a volatile economic environment.

The award is considered based on comprehensive strengths, including the core activities of the bank in the areas of retail, trade and wholesale.

Aside from the "Best Bank" award, Asiamoney also voted for the most prominent listed companies in Asia. The award results are based on 2,382 votes, including votes of nearly 800 leaders in the field of financial fund management, analysts of investment funds, banks and operational ranking consultants. in 12 towns are usually in Asia. The award honors listed companies with outstanding results in financial activities, excellent leadership and community activities.

Sharing at the ceremony, Mr. Nguyen Manh Hung, member of Vietcombank's Board of Directors, said: with impressive performance and stable, sustainable development and prestige over the past time, Vietcombank has always received Positive reviews from reputable organizations as well as the world's top ranking companies.

Asiamoney (of Euromoney Institutional Investor PLC) was published in 1989 and is a financial magazine, which publishes information related to analysis of banking and financial markets in Asia. The publications of Asiamoney are published and widely distributed, in which printed newspapers with 11,339 publications annually, electronic newspapers have 1.4 million readers, attracting special attention of investors and investors. Reputable bank administrators in the world.

Vietcombank continues to be the most valuable bank brand in Vietnam

This is the second consecutive year Vietnam Joint Stock Commercial Bank for Foreign Trade (Vietcombank) continues to hold the position of the most valuable bank brand in the list of Forbes Vietnam Magazine.

Forbes Vietnam has just announced the list of 40 most valuable companies, with a total value of 40 brands more than 8.1 billion US dollars, up more than 30% compared to the list published in 2017.

This is the second consecutive year Vietnam Joint Stock Commercial Bank for Foreign Trade (Vietcombank) continues to hold the position of the most valuable bank brand in the list of Forbes Vietnam Magazine.

Top 10 businesses in the list of 40 most valuable companies in Vietnam in 2018 (million US dollars)

  1. Vinamilk 2.282,7
  2. Viettel 1.390
  3. VNPT 416
  4. Sabeco 393
  5. Vinhomes 384
  6. Vinaphone 308
  7. Vingroup 307,2
  8. Masan Consumer 238
  9. Vietcombank 177,9
  10. FPT 169
Forbes Vietnam said this list is done according to the evaluation method of Forbes, calculating the role of brand contribution to business performance of businesses. The most valuable brands are the brands that achieve high turnover in the sectors where the brand plays a leading role.

After making a preliminary list of more than 80 branded businesses, Forbes Vietnam calculates income before taxes and interest, and then determines the value of the intangible asset's contribution. The data collection of businesses is based on the financial statements of companies and data on the stock market.

For unlisted companies, Forbes Vietnam uses financial data that companies agree to provide and apply comparable methods to companies of the same industry, the same size to determine brand value.

Previously, Vietnam Forbes Magazine also held a ceremony to honor the 50 best listed companies in Vietnam in the year 2018 and Vietcombank was honored to be voted in the group of 18 companies after 6 years still retained its position in This list.

Evaluation of Forbes Vietnam also shows that: in the Vietnamese banking system, Vietcombank is the bank with the best asset quality with a diversified income structure, leading the market in many products and services.

In terms of absolute numbers, Vietcombank's profit (after-tax profit reached VND9,091 billion, up 33%) leading the Vietnamese banking system, in the Top 3 on the stock market.

"With a positive business outlook, VCB's share price doubled since mid-2017. Before the market adjusted, sometimes its capitalization exceeded 10 billion US dollars, the highest ever." - Forbes Vietnam said.



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Breaking Vietnam news | Vietnam's #1 News Site | Viet-News.com: Review Vietcombank 2019 - Joint Stock Commercial Bank for Foreign Trade of Vietnam
Review Vietcombank 2019 - Joint Stock Commercial Bank for Foreign Trade of Vietnam
Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) continued to be voted with the achievement of 2 consecutive years (2017-2018) leading in the Top 10 prestigious commercial banks in Vietnam.
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