The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has been named as the best bank in Vietnam for 2013 by Finance Asia magazine, one of the most prestigious magazines in Asia.

During this year’s Country Awards ceremony which was held in Singapore on September 12, Vietcombank was also honoured with the best foreign exchange bank in Vietnam. 

Vietcombank, the first and only Vietnamese bank, earned a place in the Top 1000 World Banks 2013 list announced by the Banker magazine in July this year. It was ranked 445 th among the top 1000 world banks, a rise of 91 places compared with 2012’s ratings.

Founded in 1963, the bank has grown into one of Vietnam ’s largest commercial lending institutions with 400 branches and representative offices within and outside Vietnam . It has advisory relations with 1,700 banks from 120 countries and territories around the world. -VNA