Vietnam Prosperity Bank (VPBank) wins the Vietnam Value Award 2014 - Global Banking & Finance Review
This image captures the moment when VPBank is awarded the Vietnam Value Award 2014, highlighting its achievements in the banking sector. VPBank, recognized for its quality and innovation, reinforces its brand presence in Vietnam's financial market.
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VPBANK TO WIN THE 2ND CONSECUTIVE VIETNAM VALUE AWARD

Published by Gbaf News

Posted on January 16, 2015

3 min read
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VPBank Honored at Vietnam Value Award 2014

On 23 December 2014 in Hanoi, the Ministry of Industry and Commerce held the Announcement Ceremony of Vietnam Value Award 2014, in which Vietnam Prosperity Bank (VPBank) is honored to be the representative of the banking sector. Especially, VPBank is one of 14 businesses to receive this award for two consecutive times.

CEO Nguyen Duc Vinh on Prestigious Recognition

Mr. Nguyen Duc Vinh, VPBank CEO shared that: The winning of Vietnam Value Award 2014 is a recognition of efforts to build and develop VPBamk’s brand image in recent years, once again determining the quality of products and services, reputation and prominent competitiveness of VPBank on financial and banking markets in Vietnam. In the near future, VPBank will focus on improving service quality and added value as well as the outstanding utilities towards becoming an international standard bank”.

VPBANK To Win THE 2ND CONSECUTIVE VIETNAM VALUE AWARD

VPBANK To Win THE 2ND CONSECUTIVE VIETNAM VALUE AWARD

Overview of Bank Winners and Significance

According to the Program Secretariat, 6 bank winners of the award this year including Vietcombank, Vietinbank, BIDV, VPBank, Techcombank and Sacombank are worthy representatives to achieve positive indicators in terms of business performance, the level of brand awareness, social and community activities, and especially sustainable development and improvement of product and service quality.”

Deputy Minister of Industry and Trade Do Thang Hai said, Vietnam Value Award is the only program of the Government with the aim of promoting the national brand image through product and service brand of businesses. Through several rounds of selection based on the criteria of “Quality, Innovation and Pioneer Capability”, the Council has selected 64 out of 1,500 applicants this year.

VPBank’s Additional International Achievements

Thus, beside 05 international awards namely “Best Commercial Bank Vietnam 2014” by International Finance Magazine (IFM); “Straight-Through-Processing” by the Bank of New York Mellon (BNYM), “Best Banking Product Vietnam 2014”, and “Best Trade Finance Bank Vietnam 2014” by Global Banking & Finance Review (GBAF), the Straight Through Processing – STP 2014 Award for meeting international payment standards and Moody’s ratings at B3 with stable outlook, VPBank continues to be recognized by the Council of Vietnam National Brand Name, ending the year with positive assessments by large organizations and institutions for its comprehensive efforts in 2014.

Impressive Financial Growth and Branch Network

As of September 2014, VPBank’s equity has reached over VND 8.7 trillion, with a network of more than 200 business units in 33 provinces and cities nationwide. VPBank’s total assets worth more than VND 147 trillion, thus, VPBank is considered as one of the Joint-Stock Commercial Banks with largest total assets.

For more information, please contact: 1900 545 415 or 04 3928 8880 or visit the website: www.vpbank.com.vn.

Key Takeaways

  • VPBank received the Vietnam Value national brand award for the second consecutive time in 2014
  • Among only six banks honored in 2014, showcasing its strong product, service quality, and sustainable development
  • VPBank also earned multiple international awards in 2014, including Best Commercial Bank Vietnam and Best Trade Finance Bank
  • As of late 2014, VPBank’s total assets exceeded VND150 trillion, affirming its status among Vietnam’s largest joint-stock banks

References

Frequently Asked Questions

What is the Vietnam Value Award?
A national brand recognition program run by Vietnam’s Ministry of Industry and Trade, evaluating firms on quality, innovation and pioneering capability.
How many banks won the Vietnam Value Award in 2014?
Six banks—including VPBank, Vietcombank, Vietinbank, BIDV, Techcombank and Sacombank—were honored in 2014.
What other major awards did VPBank win in 2014?
Internationally, VPBank won Best Commercial Bank in Vietnam from International Finance Magazine and Best Trade Finance Bank Vietnam, among others.
How did VPBank perform financially by end of 2014?
By late 2014, VPBank’s total assets exceeded VND150 trillion, marking it among the largest joint‑stock commercial banks.

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