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Hoa Phat Group and four Vietnamese banks among world’s 2,000 largest companies

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There are 58 countries represented in Forbes' 2022 list.

In the latest ranking, Joint Stock Commercial Bank for Foreign Trade of Vietnam ranks at the 950th position while Vietnam Technological and Commercial Joint Stock Bank stands at 1,874th.

The total capitalisation of the four Vietnamese banks on the list reached 46.84 billion USD, in which the market value of Vietcombank accounted for more than 36 percent.. Besides, the stock values of companies also dropped as inflation and bearish market hindered economic recovery. Big oil groups rebounded rapidly from last year’s low ranks thanks to rising oil prices. ExxonMobil rose from 317th in 2021 to 15th this year, while Shell jumped to 16th from 324th. Both companies saw profits swing back into positive territory after last year’s losses.

 

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