Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) was the first and only private Vietnamese bank to be named on the 2019 list, according to the Banking 500 2019, an annual report on the most valuable and strongest banking brands in the world. It ranked in at number 361 on the list.

A transaction office of the Bank for Investment and Development of Vietnam (BIDV).

The other three were the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), the Bank for Investment and Development of Vietnam (BIDV), and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank).

VietinBank was in at number 242, up from 310 in 2018; BIDV came in at 307, up 44 places; while Vietcombank moved up 43 places to rank 325th.

China’s major banks dominate the top spots in the Brand Finance Banking 500 2019 ranking. The Industrial and Commercial Bank of China (ICBC) leads as the world’s most valuable banking brand, growing 35 percent to 79.8 billion USD. It also fared well in brand strength as one of only three banks this year with an elite AAA+ rating. China Construction Bank came in second place (69.7 billion USD), with Agricultural Bank of China (55.0 billion USD) and Bank of China (51.0 billion USD) in third and fourth spots, respectively.

Meanwhile, Russia’s Sberbank claims the title of the world’s strongest banking brand, with a score of 93.1 out of 100 and an AAA+ rating.

Vietnam’s central bank tops admin reform index: government report

The Ministry of Health finished at the bottom of the index.

 

Hue builds ironwood-floored road along Huong riverbank

A 380m ironwood-floored pedestrian road is under construction along the southern bank of Huong River, one of the most well-known destinations in Hue city in the central province of Thua Thien-Hue.

 

Agribank helps farmers access high-tech agricultural machines

Farmers who purchase agricultural machines of Tata International Vietnam Company Limited will be supported by the Vietnam Bank for Agriculture and Rural Development (Agribank). 

 

Digital technology helps poor people access banking services

The application of digital technologies in providing banking services has proven effective, not only bringing a better experience to urban customers but also helping banks introduce their services to low-income households. 

 

Source: VNA