Vietcombank Remittance Company wins two international awards at the 9th Global Brands Magazine Awards

Commenting on Vietcombank Remittance Company winning the awards, ShivKumar (CEO) of Global Brands magazine, said, "Vietcombank Remittance Company has not only broken the boundaries of moving money across the Vietnamese border, but smashed them with their latest efforts of bringing excellence in money transfer services to the country. We're so impressed with their latest performance that we've decided to bestow them with two awards. An outstanding achievement!" Commenting onVietcombank ...

Vietnam, 15/12/2021 (informazione.news - comunicati stampa - editoria e media)

VCBR retail bank in Vietnam 100 largest banks in Asia Remittance Company in Vietna

The Covid-19 pandemic has had a disastrous impact on the global economy in the last 2 years. A huge number of companies have been forced into bankruptcy and the unemployment rates across the world have reached high records. The pandemic also had a serious impact on money transfer and remittance companies; Many of them had to change their ways of doing business in order to weather the socioeconomic changes and disruptions caused by the epidemic. Particularly in Vietnam , several remittance companies constantly had to narrow the scope and scale of their operations. According to Mr. Nguyen Hoang Minh - Deputy CEO of State Bank of Vietnam Ho Chi Minh branch - the flow of remittance to Ho Chi Minh city till November of this year is approximately 6.2 billion USD , which has already surpassed the number for the entire year of 2020 at 6.1 billion USD . Under this circumstance, VCBR has proactively adapted to the chaos along with encouraging innovation. It has also undertaken its operation to be more flexible to the coronavirus waves in Vietnam . Therefore, VCBR's business performance has been not only just safe and sound but also more profitable with high efficiency. According to World Bank, the flow of remittances to Vietnam in 2021 will see an increase to 18.1 billion USD from 17.2 billion USD in 2020. This year Vietnam will still be in the top 10 countries in receiving remittances. VCBR has made a striking growth in terms of volumes with a forecasted increase of over 60% compared to 2020, ranking in the Top 2 remittance companies in Vietnam .

Global Brands Magazine (GBM) UK-based magazine 'best-in-class brands

Global Brand Awards  GBM

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