A total of five local banks have been included in this year’s Forbes list of the world’s 2,000 largest firms.

The Forbes Global 2000 list ranks companies based on their revenues, profits, assets, and market value.

In its latest listing, the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) ranked 813rd with US$4.4 billion in revenue, US$1.15 billion in profits, US$69.13 billion in assets, and US$18.13 billion in market value.

The Bank for Investment and Development of Viet Nam (BIDV) stood at 1,079th position with corresponding figures of US$6.04 billion, US$779.6 million, US$89.95 billion, and US$9.38 billion.

Furthermore, the Vietnam Bank for Industry and Trade (VietinBank) was placed at 1,329th with US$5.45 billion in revenue, US$722.3 million in profits, US$76.71 billion in assets, and US$5.71 billion in market value.

This year saw the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) at 1,532nd with US$2.38 billion in revenue, US$860.6 million in profits, US$29.65 billion in assets, and US$4.31 billion in market value.

The Vietnam Military Joint Stock Commercial Bank (MB) duly ranked 1,605th position with corresponding figures of US$3.02 billion, US$746.8 million, US$30.9 billion, and US$3.5 billion.

JPMorgan Chase took the leading spot with a market value of US$399.59 billion. Companies in Global 2000 recorded a total of US$50.8 trillion in revenue, US$4.4 trillion in profits, US$231 trillion in assets, and US$74 trillion in market capitalisation.

There were a total of 58 countries represented in this year’s list, in which the United States made up the leading nation with 611 companies, followed by China with 346 companies.

VOV