Forbes lists 4 VN companies among world’s 2,000 biggest

Tuesday, May 28, 2019 10:00

A customer makes transaction at Vietcombank. The bank is one of four Vietnamese firms were named in this year’s Global 2000 list by Forbes. — Photo VNA

Four Vietnamese firms have been named in this year’s Global 2000 list by Forbes, an annual ranking of the world’s biggest and most powerful public companies.

They include the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), the Bank for Investment and Development of Viet Nam (BIDV), Vingroup, and Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank).

Vietcombank was in 1,096th place, up 198 places from 2018. BIDV slipped two places to 1,716th while VietinBank dropped 50 places to 1,769. Vingroup rose by 245 spots to 1,747.

Companies on the 17th annual Global 2000 account for more than $40 trillion in annual revenues and upwards of $186 trillion in global assets.

Rankings are based on a composite score of revenues, profits, assets and market value.

Steep market sell offs and retaliatory tariffs are the latest developments in mounting trade tensions between the US and China. Sixty one countries earned a spot in the ranking, but the concentration of power is undoubtedly in favour of the US and China.

The US has 575 companies, up 16 from last year, while China has 309 companies after 18 additions. — VNS

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