Representatives from Vietcombank receives three awards. — File Photo
The Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) has been honoured with three awards from The Asian Banker at its annual summit held in Singapore recently.
Vietcombank is the only bank in Viet Nam to receive these prestigious awards which evaluated the bank’s achievements in cash management, payments and trade finance.
Vietcombank has bagged many national and international awards. It is expected to become the No 1 bank in Viet Nam in 2020.
In the first quarter of this year, Vietcombank reported pre-tax profit of nearly VND2.65 trillion (US$96.4 million), up 15 per cent year-on-year. The bank aims to grow pre-tax profit by 8 per cent year-on-year to VND9.2 trillion and increasing total assets 11 per cent to VND874.6 trillion in the whole year.
The Asian Banker, the region’s authoritative provider of strategic business intelligence to the financial services community, recognises achievements in the key business and operational areas of the banking industry. The purpose of these awards is to recognise annual achievements and winners in the competition for market share, product and operational excellence. – VNS