Vietnamese banks dominated the highest 10 most reliable and efficient listed corporations in a latest report with six entities.
Rating third to ninth, the banks are Vietcombank, ACB, VPBank, VIB, MBBank and Techcombank, in response to an inventory of finest corporations in 2021 compiled by Vietnam Report utilizing 2020 information.
Banks have been a robust pillar within the progress of Vietnam’s inventory market throughout latest months, accounting for a 3rd of market cap on the Ho Chi Minh Inventory Change (HoSE). Some have recorded value will increase of 70-80 % this 12 months.
Vietnam’s banking shares progress are highest in ASEAN, adopted by Thailand and Indonesia, in response to U.S. funding financial institution JP Morgan.
The six banks talked about had a median compound annual progress charge in revenue of 39 % from 2016 to 2020, with VIB main at 70 %, adopted by ACB and Techcombank.
In Vietnam Report’s checklist, the three prime locations have been taken by actual property large Vinhomes, steelmaker Hoa Phat Group, and retailer Cell World Group, whereas tenth place was secured by dairy large Vinamilk.