16:55 | 28/07/2016 Companies
The Vietnam Report company on July 27 held a ceremony to honor the top 20 commercial banks and insurance companies in 2016 based on its independent research.
The banks and insurers are rated based on three criteria, namely financial capacity as shown on their audited financial statements, reputation in media reports, and customer satisfaction with their products and services.
Vietnam Report also surveyed these firms on other aspects such as capital, revenue growth, profits, plans to develop new products and services, and business prospects.
Honoured banks are those with strong financial capability, business experience, large growth potential and good ratings on the quality of their offerings.
The top ten banks include Vietinbank, BIDV and Vietcombank, where the State owns a controlling interest, while the other seven - ACB, Techcombank, MB, Sacombank, TienPhongBank, SHB and SCB - are privately owned.
The list of top insurance companies comprises Bao Viet, PVI, PTI, PJICO, BIC, Bao Minh, MIC, ABIC, Bao Long and VBI./.