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Banking & Finance

Three local banks on Global 2000

Released at: 11:23, 08/05/2015

Three local banks on Global 2000

Vietinbank, BIDV and Vietcombank all sneak onto list of 2,000 largest companies.

by Hong Nhung

The Forbes Global 2000 this year features three Vietnamese banks on its list of the 2,000 largest public companies in the world, as measured by revenue, profit, assets, and market value.

Vietinbank, BIDV, and Vietcombank were the three to make the cut. Vietinbank ranked 1,902nd with revenue of $2.3 billion and a market value of $3 billion, while BIDV took 1,913th place with $2.4 billion in revenue and $2.3 billion in market value. Vietcombank was listed in 1,985th position, with $1.7 billion in revenue and a market value of $4.4 billion. The Vietnam National Petroleum Group (Petrolimex) and Vietinbank made the list last year while Vietinbank was the only Vietnamese representative on the 2012 and 2013 lists.  

US and Chinese (both mainland and Hong Kong) companies dominated this year’s Global 2000, with 579 and 232, respectively. The Top 10 spots were all taken by the two largest economies in the world and the Top 4 were all Chinese banks.

This year’s 2,000 largest companies hailed from 61 countries and had combined revenue of $39 trillion, profit of $3 trillion, assets of $162 trillion, and a market value of $48 trillion. Thanks to the bullish nature of stock markets the total market value of the Global 2000 companies grew 9 per cent year-over-year; the highest growth among the four indicators.

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