Forbes recently released its annual Global 2000 2023 list which is based on an analysis of four metrics: sales, profits, assets and market value. Accordingly, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) saw strong changes, up 524 places compared to 2022, ranking 1.081st. This is the ninth consecutive year BIDV has been in the Forbes Global 2000 list.

Global 2000 is regarded as one of the most authoritative and comprehensive rankings of the largest and most powerful companies in the world. The Global 2000 ranks the largest companies in the world using four metrics: sales, profits, assets and market value. According to the list, BIDV saw big changes in all criteria with sales of USD6.04 billion, profits of USD779.6 million, assets of USD89.95 billion and market value of USD9.38 billion.

According to Forbes Global 2000, BIDV is the largest commercial bank by revenues and total assets among Vietnamese commercial banks. BIDV’s 9th consecutive year presence in the Forbes Global 2000 with continuously improved rankings (up 524 places from 2022) is evidence that affirms the position, prestige and strong, safe, effective and sustainable development of BIDV in Vietnam and in the world.

Vietnam has 5 companies in the Forbes Global 2000 and they are all commercial banks. Over the past time, Vietnam's banking industry has made important contributions to the development of the national economy and global integration. The robust growth and increasingly improved rankings of the Vietnamese enterprises bolster Vietnam's position and prestige on a global scale.

There are 58 countries represented by the publicly traded companies on the list. The U.S. leads the way with 611 companies on the ranking, and China comes in second with 346 Global 2000 companies. As a group, the companies on the 2023 list account for USD50.8 trillion in sales, USD4.4 trillion in profits, USD231 trillion in assets and USD74 trillion in market value.

Besides Forbes, BIDV is also highly regarded by local and international prestigious organizations. Recently, the world’s leading valuation consultancy firm Brand Finance, based in the UK, has included BIDV in the list of the world's 500 most valuable banking brands for years, ranking 161st (up 51 places from 2022).

Rankings of 5 Vietnamese enterprises in the Forbes Global 2000 2023 (Source: Forbes.com)