BIDV Highlights
Anh Tran
BIDV makes Top 25 financial brands On 20 September 2021, Forbes Vietnam announced the list of Top 25 Financial Brands 2021. BIDV was among the Top 5 with brand value of USD320 million. For the first time Forbes Vietnam has summed up the figures and calculated the brand value of Vietnamese financial enterprises in the fields of banking, securities and insurance. Using a calculation model from Forbes (USA), Forbes Vietnam quantified the value of a brand through financial data based on its ability to generate profits. According to general principles, intangible assets and tangible assets both contribute to the level of profits. Thus, brand value is also added to the profits gained. The total brand value of the Top 25 Financial Brands reached USD3.95 billion. Banks accounted for the largest proportion with 17 brands making the list, followed by securities with 5 brands and insurance with 3 brands. The 5 brands in securities, a fast growing industry, were the most stable and effective companies, outperforming the rest of the industry.
In February this year, Brand Finance - the world's leading independent brand valuation consultancy – included BIDV in the list of Brand Finance Banking 500 - the world’s most valuable and strongest banking brands. BIDV jumped 30 spots to rank 246th in the Brand Finance Banking 500. In the Vietnamese market, BIDV maintained its position among the top five most valuable banking brands. BIDV has also featured on Forbes Global 2000 list – the world’s 2000 largest public companies for the seventh consecutive year. The ranking was based on an analysis of four metrics: sales, profits, assets and market value. BIDV continues to be the largest commercial bank in Vietnam. As of The headquarters of BIDV, Hanoi 30 June 2021, BIDV’s total consolidated assets hit over USD71.4 billion. In The top insurance brands included the first half of the year, BIDV also Bao Viet Corporation (valued USD72 received positive recognition from million), PVI JSC (USD28 million), and prestigious international and domestic BIDV Insurance Corporation – BIC organizations with awards and (USD10 million). BIC is currently one accolades such as: Best Retail Bank in of the 8 leading non-life insurance Vietnam (The Asian Banker); Best SME companies in terms of direct insurance Bank in Vietnam (The Asian Banking & premiums, and Top 3 non-life Finance); Wholesale Bank of the Year insurance companies with the highest (Global Banking & Finance Review); rate of return in the Vietnamese among others. market.
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september 2021
