Vietinbank leads Vietnamese banks in Top 1000 World Banks 2017

7/14/2017 - 3:55:43 PM

Vietinbank holds the highest position among Vietnamese banks listed in the Top 1000 World Banks 2017 recently announced by TheBanker, the global financial intelligence agency since 1926.

VietinBank is ranked 376th by TheBanker, up six places compared to the previous ranking in 2016.

TheBanker's rating is based on three key criteria including total assets, pre-tax profits and tier 1 capital.

VietinBank is ranked 376th by TheBanker, up six places compared to the previous ranking in 2016.

Vietnam has a total 13 commercial banks listed in the Top 1000 World Banks in 2017 including VietinBank, Agribank, Vietcombank, BIDV, Military Bank, Sacombank, Techcombank, SCB, Maritime Bank, Vietnam Prosperity Bank, Vietnam Eximbank, ACB and SHB.

VietinBank has been named in the world rankings many times, including six consecutive years in the Forbes Global 2000, a comprehensive annual ranking of the world’s largest public companies.

Brand Finance also estimated Vietinbank's brand value at US$252 million with the brand’s strength given an A+ rating.

VietinBank is now the most effective commercial bank in Vietnam with the largest chartered capital and the best asset quality.

TheBanker's Top 1000 World Banks 2017 did not see much change from that of 2016. The Top 10 features four Chinese banks and four US banks namely ICBC, China Construction Bank, JP Morgan Chase & Co, Bank of China, Bank of America, Agricultural Bank of China, Citigroup, Wells Fargo & Co, HSBC Holdings, and Mitsubishi UFJ Financial Group.

Source: NDO

In the first quarter, the total capital of the credit institutions was estimated at 40,128 billion VND

In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.

Lac Son - attractive destination for investors

Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.

Hoa Binh accelerating disbursement of ODA, foreign concessional loans

In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.

The man who promotes Kim Boi district’s fruit brand

Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.

Q1 disbursement of public investment funds reach 15% of yearly plan

The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.

Hoa Binh works hard to boost farm exports

Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods. The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.