Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has been named in the top 500 banking brands globally with a trademark value of 271 million USD.

According to the list, recently launched by The Banker, the world’ leading banking-financial magazine, VietinBank ranked 328th, a 106-place leap from its position last year.

It is also the only Vietnamese bank to enter the top 10 that enjoy the highest growth rate of brand value in 2013.

The result reflects VietinBank’s safe, effective and sustainable operations in 2012, especially the bank’s prestige and development prospect after it sold a 20 percent stake to its Japanese strategic partner, the Bank of Tolyo-Mitsubishi UFJ (BTMU), which is listed in the top 10 brands in Asia .

This is the eighth year the top 500 banking brands has been issued by The Banker, which is the world’s premier banking and finance resource, providing global finance intelligence since 1926.-VNA