While Vinamilk has made it onto the list for the first time, the three banks have leapt from last year's rankings.
Three of the biggest banks in Vietnam and dairy giant Vinamilk have made it onto the latest Forbes list of the world's 2,000 largest public companies.
The annual Global 2000, which ranks businesses based on their revenue, profits, assets and market value, named BIDV, VietinBank, Vietcombank and first-timer Vinamilk among its high-flyers.
All three banks improved their positions from last year.
VietinBank jumped 175 spots to 1,633rd with revenue of $2.7 billion and market value of $3 billion. Vietcombank came in at 1,656th with $2.1 billion in revenue and $5.8 billion in market value, while BIDV finished at 1,682nd with $3.3 billion in revenue and $2.6 billion in market value.
Vinamilk, with estimated revenue of $2.1 billion and market value of $9.1 billion, ranked 1,888th.
The companies that made it onto the 2017 list are from 58 countries and together account for $35.3 trillion in revenue, $2.5 trillion in profit, $169.1 trillion in assets, and a combined market value of $48.8 trillion. All four metrics are up from the previous year.
U.S. companies dominated the list with 565, followed by China and Hong Kong with 263.
Chinese and U.S. firms also accounted for most of the top 10.
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The United Capital Management Joint Stock Company (Unicap) which manages investment funds will provide financial services to FLC and Faros in the near future.
Techcombank has announced that two separate legal entities managed by Warburg Pincus will invest over US$370 million into the Bank, subject to appropriate regulatory approvals.
In only the first two months of this year, the banking, financial services and insurance sector (BFSI) of Vietnam received up to US$1.45 billion worth of investment.
It is feared that the escalating trend of trade protectionism will hinder global growth and make many businesses struggle for survival.
According to the World Bank, remittances to Vietnam in 2017 are estimated at a record high of US$13.81 billion, increasing by US$1.9 billion, equivalent to 16% over 2016.
Within less than five months leading the Southeast Asia Joint Stock Commercial Bank (SeABank), Nguyen Canh Vinh has resigned from this position since February 8, 2018, for personal reason.
