Forbes magazine has just named four Vietnamese banks in the ranking of 2,000 largest companies in the world (Top Global 2000). This list includes: Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank, stock code: VCB), Joint Stock Commercial Bank for Industry and Trade of Vietnam (VietinBank), Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and Vietnam Technological and Commercial Joint Stock Bank (Techcombank) The rankings are based on four metrics: sales, profits, assets and market value.
In terms of market value of these four banks, Vietcombank is leading with a market capitalization of nearly 17 billion USD. Next is BIDV with USD 8.48 billion, Techcombank with USD 6.74 billion and VietinBank with USD 6.15 billion. In terms of profit, Vietcombank also leads among these four representatives with a profit of nearly 1 billion USD in 2021. In the next position are Techcombank ($787 million), VietinBank ($612 million) and BIDV ($463 million).
However, in terms of revenue and total assets, BIDV surpassed Vietcombank to take the leading position with $5.37 billion in revenue and $77.3 billion in assets. Meanwhile, Vietcombank’s revenue is about 3.91 billion USD and total assets are about 62.07 billion USD, behind VietinBank with 4.41 billion USD in revenue and 67.2 billion USD in assets.
Techcombank is at the bottom with about $2.07 billion in revenue and $24.95 billion in assets. With the above figures, Vietcombank is ranked at 950th position and is the only representative of Vietnam in the Top 1000 out of 2000 largest companies in the world. The rest, VietinBank ranked 1,560, BIDV at 1,605 and Techcombank at 1,874 in the Global 2000 list.
According to Forbes, Global 2000 recorded a total of $47.6 trillion in revenue of the corporations and businesses on this list, $5 trillion in profits, $233.7 trillion in assets, and $76.5 trillion in market capitalization.
The businesses on this Forbes list come from 58 countries. In which, the US leads with 590 companies, followed by China (including Hong Kong) with 351 companies and Japan with 196 companies.