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Banking & Finance

Three Vietnamese banks on the list of top 500 valuable banking brands in the world

Released at: 11:24, 03/02/2017

Three Vietnamese banks on the list of top 500 valuable banking brands in the world

Photo: Duc Anh

The global list also ranked China's ICBC at number 1.

by Hai Van

BIDV, Vietinbank and Vietcombank are valued at more than $200 million each and are on the list of the top 500 banking brands according Brand Finance.

BIDV ranked in at 401 with a value of $255 million. Brand Finance assessed that BIDV is currently the brand with the largest value in Vietnam’s banking sector. It’s also in the top 26 in Southeast Asia. This is the second year the bank has made it to Brand Finance’s top 500 list.

VietinBank ranked in at 408 with a brand value of $252 million (ranked 379 in 2016), while Vietcombank ranked in at 461 with $201 million (ranked 450 in 2016).

According to Brand Finance’s top 500 in 2017, Industrial and Commercial Bank of China (ICBC) has replaced Wells Fargo to become the number one bank in the world. This is the first time China has surpassed the US.

The top 500 list is released annually on The Banker magazine in February. This list is used by big enterprises and organizations around the world.

Brand Finance has valued thousands of brands and intangible assets worth billions of dollars.

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