BIDV continues to make Forbes Global 2000

tHao MInH

BIDV, Vietnam's largest commercial bank by assets, has been named in Forbes Global 2000 for the seventh consecutive year.

Forbes recently released its annual Global 2000 list, an international ranking of the world’s biggest, most powerful and most valuable companies based on an analysis of four metrics: sales, profits, assets and market value. This year’s list names five Vietnamese representatives including BIDV, Vietcombank, VietinBank, Vingroup and Techcombank – the newcomer.

This is the seventh consecutive year BIDV has made the Forbes Global 2000. The annual Global 2000 ranking from the Forbes is regarded as one of the most authoritative rankings of the world's biggest and most valuable companies. According to the list, BIDV ranks 1575th with revenues of USD5.2 billion, profits of USD304.7 million, assets of USD65.7 billion and market capitalisation of USD7.3 billion. In Vietnam’s banking the bank both locally and internationally. The bank is also highly regarded by some of the world’s best known organisations. The world’s leading valuation consultancy firm Brand Finance, based in the UK, included BIDV in the list of the world's 500 most valuable banking brands for years. The Asian Banker honoured BIDV as the best retail bank in Vietnam for the sixth year. In March 2021, the global rating agency Moody’s changed the outlook for long-term rating of BIDV to positive from negative. BIDV’s longterm deposits rating and issuer rating were affirmed at Ba3.

This year's top 10 companies are Industrial and Commercial Bank of China (ICBC), JPMorgan Chase, Berkshire Hathaway, China Construction Bank, Saudi Arabian Oil Company (Saudi Aramco), Ping An, Bank of America, Apple, Agricultural Bank of China and Amazon.

Given the impact of the Covid-19 pandemic, the 2000 companies listed in the Forbes Global 2000 experienced an increase in market capitalisation of 47 percent while revenues dropped 6 percent and profits down 24 percent.

BIDV Tower - the headquarters of BIDV. Photo: Thai Van Hoa

system, BIDV is the largest commercial bank by revenues, total assets and charter capital.

BIDV’s continuous presence in the Forbes Global 2000 is evidence that affirms the position and strength of