Business News

  • Vietcombank makes Forbes Vietnam’s top 50

  • Tuesday, 6/10/2014

  • AsemconnectVietnam - Forbes Vietnam, the Vietnamese edition of the international Forbes magazine, has announced a June list of the top 50 companies on the country's stock exchange, led by Vietcombank.

  • Surpassing other large commercial banks, the Bank for Foreign Trade of Vietnam has become the only representative in the Forbes list for two years in a ro

    On the list are companies that have outstanding performance, hold key positions in the market, and bring great benefits for investors.

    As of April 25, 2014, total market capitalisation of these 50 companies reached VND741 trillion, accounting for 65% of the combined capital of the HCM City Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX).

    Forbes Vietnam used Forbes international criteria to evaluate companies operating in Vietnam. The data is based on financial reports audited over three consecutive years, including the most recent financial year, which ended on December 31, 2013.

    With revenue of VND31,040 billion, Forbes holds that Vietcombank is known for its increased trust amongst businesses, international payment and trade, and it plans to get the lion’s share of the domestic retail market.

    Vietcombank has been recognised as the “Best Retail Bank in Vietnam 2014” by the Asian Banker magazine, with an awards ceremony held in Australia in April.

    Forbes magazine (USA) launched the Vietnamese version in June 2013- its 29th edition published worldwide, and is considered the new reference point for entrepreneurs beginning careers in Vietnam, as well as sharing lessons and experiences for Vietnamese businesses to reach out to the world.

    Source: Saigon Times Daily


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