The Bank for Foreign Trade of Vietnam (Vietcombank) came first in Forbes Vietnam’s top 50 of listed companies this year, its second year on the list.

With over 31 trillion VND (over 1.47 billion USD) in revenue and 67.2 trillion VND (3.2 billion USD) in market capitalisation, the bank was praised for its number of business clients, its payment and trade services, and its strategies for the domestic retail market.

In 2014, Vietcombank was also named Vietnam’s best retail bank by the Asian Banker magazine. It is the only Vietnamese bank included in the list of the world’s top 500 banks selected by The Banker magazine for a two-year period (2013-2014).

Forbes Vietnam’s list honoured companies operating in 12 sectors that stand out for their excellent business performances and healthy profits.

Along with Vietcombank, the Ho Chi Minh Securities Corporation and the Military Commercial Joint Stock Bank were also included in the financial sector.

Other firms on the list include the Petrovietnam Technical Services Corporation, the Petrovietnam Gas Joint Stock Corporation, the Hoang Anh Gia Lai Group, the Vietnam Dairy Products Joint Stock Company (Vinamilk), and the Masan Group.

Altogether, the 50 listed companies hold a market capitalisation of more than 741 trillion VND (nearly 35.3 billion USD), accounting for 65 percent of the entire market capitalisation based on the prices of the closing session of April 25, 2014.

Forbes Vietnam is a monthly magazine published in Vietnamese for leading CEOs and entrepreneurs.

The magazine plans to create more lists of outstanding companies and individuals on the Vietnamese market, including a list of the top 30 most successful individuals under 30.-VNA