The annual award, the first and only one focusing on Southeast Asia, is presented to outstanding financial institutions in the region. This is the 11th year the Hong Kong-based magazine has conducted the award.
In Vietnam, Vietcombank is given credit for its efficient business strategy and management model with a view of offering its customers services that meet international standards.
The lender is also recognised for its effective adaptation to new developments in the market and responding to customers’ needs.
With this award, Vietcombank continues to affirm its position as one of the best-performing banks in the domestic market, and its goal of becoming one of the top 100 financial institutions in the region and to reach the global top 300 by 2020.
In the past, Vietcombank was also named Vietnam’s best bank, best trade finance bank, best FX bank for corporates & financial institution in 2014, and Vietnam’s best bank in 2015.
In 2016, the bank’s total assets reached VND787.9 trillion (US$34.7 billion), up 16.8% year-on-year, and reported a pre-tax profit of VND8.52 trillion (US$375 million).