Photo: agribank.com.vn It is the highest ranking among Vietnamese banks, according to Brand Finance. As of December 31 last year, Agribank’s total asset exceeded 1.697 quadrillion VND (74.5 billion USD) and accumulated outstanding loans reached over 1.31 quadrillion VND, 70 percent of which has been taken out for agricultural and rural development, according to the Vietnam News Agency. In this year’s Banking 500 annual report, Brand Finance said Vietnam’s banking sector is one of the fastest-growing in the world with an overall brand value growth of 49 percent. All Vietnamese brands in the ranking have experienced growth or add to the country’s total as new entrants, the report said. It has been a very fruitful year for Vietnamese banks, which have observed continuous growth in their balance sheets and income statements, with both deposits and loans issued growing. This has been bolstered by the nation’s recovery from the pandemic, which was well-managed by the government, re
In 2021, Covid-19 spread and caused chaos in countries around the world, including Japan and Vietnam. Amid the tough situation, the cooperation relationship between the two Asian countries has been developing and earning remarkable achievements.