Vietcombank again tops the list of ten most prestigious commercial banks in Vietnam this year, according to the latest ranking announced by Vietnam Report. (Photo: VNA)The bank is followed by the Vietnam Joint StockCommercial Bank for Industry and Trade (Vietinbank) and Vietnam Technologicaland Commercial Joint Stock Bank (Techcombank) in the second and third places, respectively.
The list also includes the Military Commercial JointStock Bank (MBBank), Asia Commercial Joint Stock Bank (ACB), Vietnam ProsperityJoint Stock Commercial Bank (VPBank), Joint Stock Commercial Bank forInvestment and Development of Vietnam (BIDV), Tien Phong Commercial Joint StockBank (TPBank), Ho Chi Minh City Development Joint Stock Commercial Bank(HDBank) and Vietnam Bank for Agriculture and Rural Development (Agribank).
The ranking was based on the banks’ financial capacity,media reputation and customers’ perception and satisfaction.
Data from the General Statistics Office shows thatVietnam’s credit growth reached 5.47 percent in the first half of 2021,doubling the same period last year’s figure. Despite impacts caused by COVID-19,the banking sector has enjoyed high growth in profit during the period, withbad debts under good control.
Vietnam Report Director Vu Dang Vinh said the firm’ssurvey of experts and banks indicates that the top three macro-economic factorsinfluencing the banking sector’s performance in 2021 are likely to be thewidespread outbreak of the COVID-19, the macro-economic recovery, and theState’s relevant policies and regulations.
Meanwhile, the three micro-economic factors that may havethe biggest impact on the industry include fintech, risk management andinternal control system, service and product quality.
Some 52.94 percent of surveyed experts and banks saidthat the banking industry will see better growth and performance this year. Itis believed this year’s credit growth is likely to be equal to or higher than2020’s figure./.
VNA
