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The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) jumps 37 spots to enter the Brand Finance’s top 250 in rankings of the world’s most valuable banks in 2021. (Photo: VNA) Hanoi (VNA) – The Vietnam Prosperity Joint Stock Commercial Bank ( VPBank ) has jumped 37 spots to enter the Brand Finance’s top 250 in rankings of the world’s most valuable banks in 2021. According to the Brand Finance Banking 500 2021 ranking , VPBank ranked 243rd in banking brand value this year. Its brand value grew 41 percent to 502 million USD this year from 354 million USD in 2019. It also represents a nine-fold increase against 2016 when the bank’s brand value was first evaluated at 56 million USD. The 2021 ranking was calculated based on a brand’s market share, growth rate, property size, financial capacity, operating efficiency and prestige, said Lai Tien Manh from Brand Finance Vietnam. In the face of COVID-19 that has taken a heavy toll on the global financial system, VPBank’s brand value growth is spectacular, he added. Ending 2020, the bank’s total asset reached 419 trillion VND (nearly 18.2 billion USD), outstanding loans exceeded 320 trillion VND, while non-performing loan rate was kept at below 3 percent. Eight other Vietnamese banks have also been named in the Brand Finance Banking 500, namely Agribank, Vietcombank, VietinBank, BIDV, Techcombank, MB, Sacombank and ACB./. VNA …

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A 27-year-old Vietnamese comic series based loosely on the popular 'Voltron' animated series of the 1980s is getting republished in Vietnam, stirring up excitement among a generation of readers while prompting worries about copyright infringement. Dung si Hesman (Hero Hesman) was a 160-volume comic series by ‘adaption arist’ Hung Lan. It was published for the first time in Vietnam in 1992. The sci-fi adventure superhero comic follows the protagonist, Hesman the robot, as he battles evil forces in the galaxy in a fictional future set in the 23rd century. It was a huge hit among Vietnamese children and youth at a time when entertainment options were scarce in the absence of computer games and the Internet, with its circulation reaching 160,000 copies per volume at times. Many Vietnamese millennials recall queuing up and fighting with other kids at local bookstores to rent the newest volumes of Dung si Hesman when they first got out. Collecting spin-off items were also popular with young Hesman fans at the time. A full collection of 160 'Dung si Hesman' volumes is seen in this photo by Erik Le. The nostalgic comic series is getting republished this summer by the Van Hoc (Literature) Publishing House and distributed by Hanoibooks, using scanned images of the original comic, the publisher and distributor said at a launch event on Sunday. The first five volumes of the reprinted Dung si Hesman have already been available at bookstores nationwide since August. The 2019 version will also run for 160 volumes like the original series, with an expected circulation of 2,000 copies per volume. Its artist, Hung Lan, expressed his hope that the 2019 republication would appeal not only to nostalgic millennials but also to Vietnam’s Gen Z readers. Artist Hung Lan (C) and fans pose for a photo at the launch event of the reprinted ‘Dung si Hesman’ comic. Photo: Mi Ly / Tuoi Tre News of the reprint has caused fresh concerns …

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In the last decade .their investments in Vietnam swelled by an average of 13 percent a year. By the end of last year their total investment was only around $13 billion, not enough to put Thailand in the top five list, but still managed to have large market shares in several sectors by concentrating their investment in a handful of sectors. In the retail sector, some leading supermarket chains are controlled by two Thai companies, Central Group and TCC Group. Central Group, Thailand’s leading retailer, which belongs to the Chirathivat family, started off in Vietnam as a fashion merchandiser in 2012, distributing products from brands such as SuperSports, Crocs and New Balance. In 2015, it acquired a 49 percent stake in electronics retailer Nguyen Kim through its subsidiary Power Buy. In the same year, it bought out supermarket chain Lan Chi, which operates mainly in northern rural areas. In 2016, it bought supermarket chain Big C Vietnam from France's Casino Group for over $1 billion. TCC Group, owned by the third richest man in Thailand, Charoen Sirivadhanabhakdi, bought convenience store chain FamilyMart in 2012 and renamed it B’s mart. In 2016, it bought wholesale chain Metro Cash & Carry Vietnam for €655 million ($796 million) and rebranded it as MM Mega Market Vietnam a year later. TCC Group also dominates the beverage industry after acquiring a 53.59 percent stake in Vietnam’s top brewery, Sabeco, in 2017. Fraser and Neave, Limited, a food and beverage company also owned by Sirivadhanabhakdi, is the biggest foreign shareholder in dairy behemoth Vinamilk. Siam Cement Group (SCG), which dominates the packaging industry, recently signed an agreement to buy 70 percent of Duy Tan Plastics , the largest manufacturer of rigid plastic packaging products in Vietnam. It now owns eight packaging companies in the country. SCG has over 20 subsidiaries in the cement and building materials, chemicals and packaging industries. In the livestock …

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