The Agribank headquarters in Hanoi. (Photo courtesy of Agribank)Hanoi (VNA) – TheVietnam Bank for Agriculture and Rural Development (Agribank) has been named on the list of the Top 10 prestigious banks in Vietnam in 2019 by theVietnam Report Company.
The state-owned bank alsoranked first among Vietnamese commercial banks in the Top 500 largest companiesin the country (VNR500 Ranking) for this year.
VNR500 is based on the Fortune 500 model,which lists the top 500 US companies by revenue of the previous year.
In Vietnam, theranking of 500 largest enterprises is based on the results of independentresearch and evaluation as per international standards of the Vietnam ReportCompany.
It has been announced annually since 2007,with the advice of domestic and international experts, especially GS. JohnQuelch, former vice president of Harvard Business School.
In 2018, Agribank earned over 7.5 trillion VND (330 million USD) in pre-taxprofit. The bank aims a profit of at least 10 trillion VND this year and tobecome one of 150 largest banks by asset in Asia by the end of 2020. –VNA
VNA
