Business

Vietnam’s banks listed in top 500 brands

The Vietnam Bank for Industry and Trade (VietinBank) and Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) figure among the world's top 500 banking brands.
The Vietnam Bank for Industry and Trade (VietinBank) and Joint StockCommercial Bank for Foreign Trade of Vietnam (Vietcombank) figure amongthe world's top 500 banking brands.

Brand Finance, the world'sleading brand valuation consultancy firm, ranked Vietinbank 437th on thelist, with a brand value of 197 million USD and a brand rating of A.The bank has a market cap of 2,474 million USD.

VietinBank currently has nearly 661 trillion VND (31.48 billion USD) intotal assets, second to the Vietnam Bank for Agriculture and RuralDevelopment. Its charter capital touched more than 37 trillion VND (1.76billion USD) at the end of last year, the largest equity value in thedomestic banking system.

Meanwhile, C was ranked487, with a brand value of $157 million and a brand rating of A+. It hasa market cap of 3,742 million USD.
Vietcombank has beenoperational for more than half a century, and has a charter capital of26.6 trillion VND (1.26 billion USD).

This is the third timeVietinBank and the first time Vietcombank have been named among theworld's 500 most valuable banking brands.

Topping this year's list is the Wells Fargo Bank of the United States with a brand value of more than 34 billion USD.-VNA
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