BIDV leads in revenue among Vietnam's 50 best listed companies

23/08/2024
On 22 August 2024, Forbes Vietnam Magazine announced its list of 50 best listed companies in Vietnam during a ceremony in Ho Chi Minh City. Among these top companies, BIDV was recognized as the leading bank by revenue, reaffirming its strong market position. Earlier, on 6 June 2024, BIDV also made its debut on Forbes USA's prestigious Global 2000 list, ranking among the Top 1,000 largest global enterprises for the first time.

To qualify for Forbes Vietnam's 2024 list of the 50 Best Listed Companies, firms listed on the Ho Chi Minh Stock Exchange (HSX) and Hanoi Stock Exchange (HNX) undergo a rigorous, multi-step evaluation process. In the preliminary round, companies must meet specific benchmarks including profitability in 2023, and revenue and market capitalization of at least VND 500 billion. In the subsequent round, companies are assessed across five key quantitative criteria including the compound annual growth rate (CAGR) of revenue, profit, return on equity (ROE), return on capital (ROC), and earnings per share (EPS) for the period from 2019 to 2023.

Forbes Vietnam also conducts a qualitative assessment, evaluating factors such as industry position, sources of profits, corporate governance quality, debt-to-equity ratio, and future industry prospects. 

At the Forbes Vietnam ceremony, Mr. Dang Van Tuyen, a member of BIDV’s Board of Directors, accepted the "Top 50 Best Listed Companies" certificate on behalf of the bank

Found in 1957, BIDV is Vietnam longest-established and largest bank, with total assets of VND 2.52 quadrill (equivalent to over USD 100 billion as of Q2/2024). BIDV operates a vast network of over 1,100 branches and transaction offices, both domestically and internationally, and partnered with 2,300 financial institutions worldwide.

As a leader in digital transformation, BIDV offers a comprehensive digital ecosystem with innovative products and services. This includes BIDV SmartBanking for retail customers, Ommi BIDV iBank for institutional clients, and the BIDV Open API system, which pioneers the Open Banking trend in Vietnam.

Looking ahead, BIDV is committed to a major transformation aimed at becoming leading “Green Bank”. This strategic vision focuses on promoting long-term sustainable development with priorities on safe and effective credit growth, expanding non-interest income sources, enhancing e-banking services, optimizing revenue streams, and maintaining cost control.

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