Top 10 reputable commercial banks for 2024 unveiled

June 11, 2024 | 08:15

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The Vietnam Report JSC on June 10 unveiled its annual list of Vietnam’s Top 10 Reputable Commercial Banks for 2024.

Top 10 reputable commercial banks for 2024 unveiled

At the Agribank branch in Lao Cai (Photo: VNA)

Hanoi – The Vietnam Report JSC on June 10 unveiled its annual list of Vietnam’s Top 10 Reputable Commercial Banks for 2024.

The honorees include Vietcombank, Techcombank, Vietinbank, BIDV, MBBank, ACB, Agribank, VPBank, HDBank, and TPBank.

A separate list highlights the top 10 prestigious private joint stock banks, featuring Techcombank, ACB, VPBank, HDBank, TPBank, Sacombank, VIB, SHB, LPBank, and SeABank.

Vietnam Report’s evaluation process considers a variety of factors, including financial capacity reflected in the most recent financial statements of each bank, media reputation assessed through Media Coding methodology, and survey results from relevant stakeholders, with data updated to May 2024.

A survey conducted by Vietnam Report indicates that a significant majority (67.8%) of experts and banks anticipate industry growth in the second half of this year. This represents a substantial increase compared to the 14.3% recorded in the same survey for the latter half of 2023, surpassing growth projections recorded in both 2021 and 2023.

Green credit balance figures on positive trajectory

While green credit balances at commercial banks are growing, Vietnam’s legal framework on the issue has yet to be completed, making it difficult for implementation.

Banks address green credit significance

Significant progress has been made in the sustainable finance market in Vietnam, with banks actively promoting bonds and loans to facilitate the development of projects aligned with environmental, social, and governance frameworks.

By VNA

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