Agribank in the top 50 largest enterprises in Southeast Asia

Fortune magazine, famous for its prestigious world rankings, for the first time announced the ranking of the 500 largest enterprises in Southeast Asia. According to this ranking, Agribank is in the Top 50 largest enterprises in Southeast Asia and is the leader of the Vietnamese commercial banking system. On June 18, Fortune magazine, famous for its prestigious world rankings, for the first time announced the ranking of the 500 largest enterprises in Southeast Asia. According to this ranking, Agribank is in the Top 50 largest enterprises in Southeast Asia and is the leader of the Vietnamese commercial banking system, thereby affirming the prestige and leading position of Agribank in the business community, operating stably and effectively, making great contributions to the socio-economic development of the country. Fortune ranked 500 companies in 7 countries (Indonesia, Thailand, Singapore, Malaysia, Vietnam, Philippines and Cambodia) and 57 sectors (including aviation, textiles, chemicals, etc.) based on 2023 revenue criteria. Fortune conducted this ranking for the first time to reflect the region's impressive growth story through the development and growth of large companies in many sectors.

Vietnam has 70 businesses on the list, in fields ranging from finance, banking, real estate, energy, food, heavy industry to aviation, retail... The minimum revenue threshold for a business to be on the list is more than 460 million USD.

Ranked 37th in the Fortune Southeast Asia 500, Agribank is on par with many well-known financial institutions in the region such as Kasikornbank Bank and Bankgkok Bank of Thailand, Mandiri and Bank Central Asia of Indonesia.

Agribank in the top 50 largest enterprises in Southeast Asia

In 2023, Agribank made its mark with many awards, notably its outstanding achievements in digital transformation of the banking industry, ranking in the TOP 10 Largest Enterprises in Vietnam, TOP 10 Most Valuable Brands in Vietnam, Bank for the Community... The Agribank brand is also recognized by international organizations, highly appreciated for its prestige and leading role in the financial market in Vietnam. Agribank is ranked as a long-term issuer with "BB" and "Stable" outlook (according to Fitch Ratings) and at "Ba2" with "Stable" outlook (according to Moody's). This is the same rating as the national rating, and is the highest rating for the banking system at the time of the 2023 rating, demonstrating a positive and optimistic assessment of Agribank's performance. These awards are proof of Agribank's achievements and results: safe and effective business; value, brand reputation; strong financial foundation, asset quality, solid capital structure and good liquidity... Fortune is a world- famous magazine with prestigious rankings such as Fortune 500, Fortune Global 500, Fortune 100 Best Companies to Work For and Fortune World's Most Admired Companies.

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Source: https://vov.vn/doanh-nghiep/agribank-trong-top-50-doanh-nghiep-lon-nhat-khu-vuc-dong-nam-a-post1103391.vov