Awards: Vietnam shines in a stellar year

BEST BANK VIETCOMBANK

There are two standout banks in Vietnam Vietcombank from the state sector and the private Techcombank. Two very different and equally successful business models make this a hard award to judge

The former utilises its government links, strong balance sheet and branch network to achieve an enviable cost of funding other banks cannot match. The latter is more focused on fee income and becoming more capital efficient.

But in the end we decided that it was still Vietcombank’s year. It continues to trade at a premium to the rest of the banking sector on the Ho Chi Minh Stock Exchange, although...