Businesses awarded for top reputations

Thursday, Aug 04, 2022 12:02

Businesses at the ceremony held in HCM City. — Photo courtesy of Vietnam Report

Top public companies and those in the banking, insurance, and technology sectors in 2022 were announced by the Vietnam Report JSC and VietNamNet newspaper on Wednesday.

The Viet Nam Top 50 Public Companies (VIX50) are led by Vinhomes JSC, Hoa Phat Group JSC, Masan Group JSC, Mobile World Investment Corp, Viet Nam International Commercial Joint Stock Bank (VIB), Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank), Duc Giang Chemicals Group JSC, Viet Nam Technological and Commercial Joint Stock Bank (Techcombank), Military Commercial Joint Stock Bank (MB), and Asia Commercial Joint Stock Bank (ACB).

The rankings were compiled based on Vietnam Report’s independent research and assessment of public companies’ financial strength, media reputation, growth potential, sustainability, governance quality, and stature in their sectors.

Meanwhile, the Top 10 Banking Reputation Awards were presented to Vietcombank, Viet Nam Joint Stock Commercial Bank for Industry and Trade (VietinBank), Techcombank, MB, Viet Nam Prosperity Joint Stock Commercial Bank (VPBank), ACB, Joint Stock Commercial Bank for Investment and Development of Viet Nam (BIDV), Tien Phong Commercial Joint Stock Bank (TPBank), VIB, and Viet Nam Bank for Agriculture and Rural Development (Agribank).

Vietnam Report said the banking sector has shown its important role in the country’s economic recovery. Up to 77.7 per cent of customers said banks have maintained good customer services, and 58.9 per cent held that banks have appropriately aligned their products and services to the COVID-19 pandemic.

In the insurance sector, the awards went to Bao Viet Insurance Corporation, Dai-Ichi Life Insurance Company of Viet Nam, AIA (Vietnam) Life Insurance Co Ltd, Prudential Life Insurance Viet Nam Co Ltd, Chubb Life Insurance Vietnam Co Ltd, MB Ageas Life Insurance Co Ltd, Hanwha Life Insurance Co Ltd (Vietnam), Manulife (Vietnam) Co Ltd, Generali Vietnam Life Insurance Co Ltd, and Cathay Life Insurance Vietnam Co Ltd.

In the first five months of 2022, health insurance in the non-life insurance segment ranked first in terms of revenue, at more than VND8.5 trillion (US$363.2 million), up 20.4 per cent year-on-year.

Among information technology and telecommunications firms, the top 10 consists of Military Industry and Telecoms Group (Viettel), FPT Group, Vietnam Posts and Telecommunications Group (VNPT), VNPT Telecom Service Corporation (VinaPhone), Mobifone Telecommunications Corporation, CMC Technology Corporation JSC, Hanel JSC, Viet Nam Technology and Communication JSC, Viet Nam Maritime Communication and Electronics Co Ltd, and Ha Noi Telecoms JSC.

The IT - telecoms industry is expected to sustain strong growth in the remaining months of this year since the wave of digital transformation is ongoing and investment in technology is considered inevitable to help improve operational efficiency and reduce expenses in all spheres. — VNS

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