WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Banking & Finance
Fifteen VN banks listed in Asia Pacific’s 500 strongest banks in 2017
​Minh Tam 16:40, 2017/11/27
Fifteen Vietnamese banks have been recently named in The Asian Bankers’ AB500 ranking and survey of Asia Pacific’s strongest banks.
The banks include Vietcombank, BIDV, VietinBank, Techcombank, MB, LienVietPostBank, ACB, VPBank, HDBank, TP Bank, SHB, VIB, SeABank, Sacombank and PVcomBank.
The Asian Banker annually releases its AB500 ranking and survey of Asia Pacific's strongest banks, an evaluation that is based on a belief that a strong bank demonstrates long-term profitability from its core businesses.
The AB500 is an annual study of the financial and business performance of the commercial banking industry in the Asia Pacific region. The study comprises two different lists: the first ranks the top 500 banks in the region by asset size, while the second ranks the same 500 banks by strength, an evaluation that is based on a belief that a strong bank demonstrates long-term profitability.
Techcombank demonstrates long-term profitability from its core businesses.
Techcombank demonstrates long-term profitability from its core businesses.
The Asian Banker ranks over 700 banks from the Asia Pacific region and 300 banks from the Middle East and Central Asia. The focus of this list is on commercial banks and financial holding companies, with a significant proportion of activity in commercial banking.
The AB500 does not include central banks, policy banks, investment banks or finance companies that lack significant deposit-taking franchises or commercial lending businesses.
Bank annual reports and statistics provided by central banks or industry associations are The Asian Banker’s main sources of data. In the absence of up-to-date annual reports, the organization contacts banks directly to source financial results. Consolidated figures are used for banking groups, except when non-banking activities form a substantial portion of the consolidated figures, in which case we look at the banking unit independent of its parent. All figures are quoted in US dollars at year end exchange rates. Year-on-year growth rates are calculated based on original local currency figures.
According to a State Bank of Vietnam’s survey on the business performance trend of credit institutions, for the rest months of the year, most commercial banks expected their business performance to accelerate in Q4, helping the average pre-tax profit of the entire banking system rise 13.63 per cent in 2017.
As per the survey, 89 per cent of credit institutions estimated their growth this year to be positive in comparison with last year.
A total of 70.65 per cent of credit institutions continued to be optimistic about the trend of increasing demand for financial and banking services in 2017, especially demand for loans in the fourth quarter of 2017.
Financial reports from banks have so far also showed though there remains more than  month to the year-end many banks have met profit targets set for the whole of 2017.
Economist Le Xuan Nghia said Vietnam’s banking industry in 2017 has witnessed a spectacular recovery, following a period of significant efforts towards dealing with bad debt, especially the risk provision. Compared with the most difficult period, commercial banks’ profitability has nearly doubled. This is the most important sign proving that commercial banks’ financial potential has recovered quite impressively, he said.
The year 2017 will become different when, for the first time since the demand stimulation period of 2009-2012, the system of Vietnamese commercial banks has achieved such a rapid profit generation progress.
Other news
17:51, 2025/01/07
Vietnam prioritizes agriculture and renewable energy for access to green loans
The move is part of the government’s effort to accelerate economic restructuring and build resilience to climate change while protecting the environment.
16:49, 2025/01/06
Vietnam GDP expands by 7.09% in 2024
The 2024 growth rate is considered positive amidst global uncertainties and domestic challenges such as natural disasters.
14:39, 2025/01/04
Vietnam stock market set to accelerate in 2025: Experts
Stable macroeconomic fundamentals, ongoing institutional reforms, and favorable monetary policies will be positive for corporate earnings.
16:31, 2025/01/02
Vietnam stock market aims for emerging status by 2025: Finance minister
By the end of 2024, the benchmark VN-Index reached 1,266.78 points, up 12.11% from 2023.
15:33, 2025/01/02
Vietnam set to extend VAT cut for six months
This measure is expected to accelerate the recovery of production and business activities, which will ultimately benefit the state budget and the economy as a whole.
21:29, 2024/12/31
Vietnam’s credit growth projected to expand by 16% in 2025
Growth must put operational safety first, and channel credit to productive business sectors, priority areas, and growth-driving industries.