Illustrative image (Source: VNA) Hanoi (VNA) – The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has become the first Vietnamese lender to be named on the list of the top 300 most valuable banking brands, as recently announced by the Brand Finance. Accordingly, VietinBank’s brand value jumped by 64 percent to 625 million USD in the 2019 rankings, placing it at spot number 242 – the highest among Vietnamese banks to date. It was also one of the top 20 fastest brand climbers globally, ranking eighth. Its brand strength index rose from 67 to 77.33 out of the total 100 point, while its ranking improved from AA- in 2018 to AA in 2019. It was the seventh time VietinBank had been on the Brand Finance’s list with improving brand value. Last year, it placed 310th in the top 500 list. The Brand Finance’s top 500 list also saw the presence of the Bank for Investment and Development of Vietnam (BIDV), the Commercial Bank for Foreign … [Read more...] about First Vietnamese lender named in top 300 valuable banking brands
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A transaction takes place at VPBank in Hà Nội. — VNS PhotoViet Nam News HÀ NỘI — The Việt Nam Prosperity Commercial Joint Stock Bank (VPBank) was the only private Vietnamese bank named in the list of the world’s 500 most valuable bank brands for 2019, recently announced by Brand Finance. VPBank ranked 361st on the list. State-owned VietinBank was number 242, up from the 310 in 2018. BIDV came in at number 307, up 44 places, while Vietcombank moved up 43 places to number 325. Topping the annual list was the Industrial and Commercial Bank of China with a congregate value of US$79.8 billion, up 35 per cent from the previous year. In 2017, VPBank was named the Best Issuing Bank Partner for Women-Owned Businesses in the East Asian Pacific Region by the International Finance Corporation (IFC). — VNS … [Read more...] about VPBank named in 500 most valuable bank brands for first time
Illustrative image (Source: VNA) Hanoi (VNA) – The Vietnam Prosperity Commercial Joint Stock Bank (VPBank) has been the only Vietnamese private bank to be named in the 2019 list of the world’s top 500 valuable bank brands recently announced by the Brand Finance. Accordingly, VPBank ranked 361st in the list. Also in the list, VietinBank was in the 242th place, up from the 310st in 2018, and BIDV in the 307st, up 44 places, while Vietcombank moved up 43 places to rank 325st. Topping the list, which is announced by the Brand Finance each year, is the Industrial and Commercial Bank of China with a congregate value of 79.8 billion USD, up 35 percent annually. In 2017, VPBank was named Best Issuing Bank Partner for Women-Owned Businesses in East Asian Pacific by the International Finance Corporation (IFC).-VNA … [Read more...] about VPBank named in Top 500 valuable bank brands for first time
VietNamNet Bridge – Bia Truyen Thong (traditional beer), Vao Chua Phap Thanh (Go to Phap Thanh Pagoda), Dan Cong Hoa Tuyen (firing-line conscripted laborers), Tu Lap (self-reliant), Tu Cuong (self-strengthening) are among the roads with odd names in HCM City. According to a recent study by the HCM City Center for Urban Research and Development, there are 1,774 streets with temporary names and 400 streets with odd names in the city. The odd names including nonsense names, same names, different names of the same person, wrong names of famous people, names with bad meanings... Recently, the HCMC People's Committee has asked relevant bodies to change odd names and give official names for new roads. Kenh Nuoc Den (black water channel) Street.Bo Bao Tan Thang (Tan Thang embankment) Street and Bo Bao 1 (embankment 1) in Tan Phu district.Vao Chua Phap Thanh (Go to Phap Thanh Pagoda) Street in District 12.In District 12 and Hoc Mon district, people are familiar with odd road names. … [Read more...] about Roads with odd names in Saigon
VietNamNet Bridge – Among organizations and individuals of Vietnam named in the Panama Papers are wellknown businesswoman Nguyen Thi Phuong Thao, Chair of Sovico Holdings (the parent firm of private airline VietJet), Vice chair of the HCM City Development Bank and Chairman of SSI Securities Company Nguyen Duy Hung. How did they explain this inclusion on the list? Thao is related to Ariana Hotels & Resort International, based in the Virgin Islands. Ariana Hotels & Resort International is also the former owner of Furama Resort – the property that was acquired by Thao's Sovico Holdings in 2005. Replying to local newspapers, Thao said: "We returned home to invest in Vietnam, acquired Furama Resort and these were normal operations. In 2005, we were an international company, which invest in Vietnam." "Sovico won the international bid to acquire capital contribution from all companies of the Lai Sun Group (Hong Kong) to become a foreign investor replacing the … [Read more...] about What do Vietnamese entrepreneurs named in the Panama Papers say?