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Vietcombank was honored three awards by Asiamoney

by Helen Huynh

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has been named the Best Domestic Bank in Vietnam, the Best Bank for SMEs in Vietnam and the Most Outstanding Company in Vietnam – Financial Sector by Asiamoney magazine.

With this, Vietcombank continues affirming its effective performance in domestic market, towards becoming among the top 100 banks in the region, the world’s top 300 banking-financial organisations up to international practices by 2020.

In August, Vietcombank also entered Vietnam’s 50 best listed companies in 2019 by Forbes magazine for the seven consecutive years.

For three consecutive years, Vinamilk led the market in terms of profitability, but this time Vietcombank surpassed the dairy giant, becoming the champion in after-tax profit with a growth rate of 60 percent.

Vietcombank posted the highest pre-tax profit among the Vietnamese banks in the first six months of this year, raking in more than 11.04 trillion VND (474.7 million USD), up 43.1 percent year-on-year.

The figure helped Vietcombank become the first bank in Vietnam to record pre-tax profit exceeding 10 trillion VND in the first half of a year./.

Source: Vietnam+

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