The annual award, the first and only one focusing onSoutheast Asia, is presented to outstanding financial institutions in theregion. This is the 11th year the Hong Kong-based magazine has conducted theaward.
In Vietnam, Vietcombank is given credit for its efficientbusiness strategy and management model with a view of offering its customersservices that meet international standards.
The lender is also recognised for its effective adaptationto new developments in the market and responding to customers’ needs.
With this award, Vietcombank continues to affirm itsposition as one of the best-performing banks in the domestic market, and itsgoal of becoming one of the top 100 financial institutions in the region and toreach the global top 300 by 2020.
In the past, Vietcombank was also named Vietnam’s best bank,best trade finance bank, best FX bank for corporates & financialinstitution in 2014, and Vietnam’s best bank in 2015.
In 2016, the bank’s total assets reached 787.9 trillion VND(34.7 billion USD), up 16.8 percent year-on-year, and reported a pre-tax profitof 8.52 trillion VND (375 million USD).-VNA