15:15 | 03/06/2016 Finance - Banking
Three Vietnamese banks - Vietcombank, Vietinbank and BIDV - have been included on Forbes Magazine’s list of the world’s 2,000 largest public companies in 2016.
BIDV is one of the largest public companies in the world
The annual ranking, known as Forbes Global 2000, is based on a composite score of revenue, profits, assets and market value.
BIDV, Vietinbank and Vietcombank all saw their rankings improve compared with the previous year, occupying #1691, #1808 and #1803 positions respectively.
As of May 2016, BIDV, fully known as the Bank for Investment and Development of Vietnam, had a market value of US$2.6 billion, revenue of US$2.62 billion and total assets of US$37.83 billion.
Vietinbank’s market cap was US$2.8 billion while that of Vietcombank was US$5.5 billion, the largest of the three lenders.
This year’s Global 2000 list features companies from 63 countries that together account for US$35 trillion in revenue, US$2.4 trillion in profit and US$162 trillion in assets. They have a combined market value of US$44 trillion.
China’s banks continued to hold the top three spots despite a slowing Chinese economy./.