Agribank listed among Vietnam’s Top 10 prestigious banks
The Vietnam Bank for Agriculture and Rural Development (Agribank) has been named on the list of the Top 10 prestigious banks in Vietnam in 2019 by the Vietnam Report Company.
The Agribank headquarters in Hanoi. (Photo courtesy of Agribank)Hanoi (VNA) – The Vietnam Bank for Agriculture and Rural Development (Agribank) has been named on the list of the Top 10 prestigious banks in Vietnam in 2019 by the Vietnam Report Company.
The state-owned bank also ranked first among Vietnamese commercial banks in the Top 500 largest companies in 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, the ranking of 500 largest enterprises is based on the results of independent research and evaluation as per international standards of the Vietnam Report Company.
It has been announced annually since 2007, with the advice of domestic and international experts, especially GS. John Quelch, former vice president of Harvard Business School.
In 2018, Agribank earned over 7.5 trillion VND (330 million USD) in pre-tax profit. The bank aims a profit of at least 10 trillion VND this year and to become one of 150 largest banks by asset in Asia by the end of 2020. –VNA
You should also see
Top 500 fastest growing enterprises 2024 announced
A ceremony to announce the list of the top 500 fastest growing enterprises in Vietnam (FAST500) and Top 5 and Top 10 real estate - construction - building materials companies in 2024 was held by the Vietnam Report JSC in collaboration with VietNamNet newspaper on April 25.
See more
Business
Phu Yen, Ninh Thuan attractive to energy project developers
The south-central coastal provinces of Phu Yen and Ninh Thuan have become attractive destinations for investors operating in the energy industry thanks to great potential for renewable energy development.
Business
Petrovietnam posts 9-billion-USD revenue in Q1
The Vietnam National Oil and Gas Group (Petrovietnam) saw total estimated revenue of 231 trillion VND (9 billion USD) from production and business activities in the first quarter of 2024, exceeding the set quarterly plan by 33% and up 19% year-on-year, head a conference held by the group recently.
Business
Forum seeks to increase PPP investment effectiveness
Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
Business
Remittance inflows expected to quench real estate sector’s thirst for capital: Experts
Amid a “thirst” for capital of real estate businesses, the strong inflow of remittances is expected to heat up the market again, held insiders.
Business
Dong Nai province ready to ride Japanese investment wave
The southern province of Dong Nai stands ready to prepare the best conditions to welcome investors, especially those from Japan, Secretary of the provincial Party Committee Nguyen Hong Linh said on April 24.
