SeABank honored in the first ever Fortune Southeast Asia 500 by Fortune

Fortune is the world's leading business magazine that owns a series of prestigious global rankings: Fortune 500, Fortune Global 500 and Fortune Europe 500. In 2024, Fortune announced the Fortune Southeast Asia 500 for the first time ever in recognition of the rapid business development in many fields that reflects the high-growth economy in Southeast Asia.

The ranking is based on total revenue (minimum US$460 million) to filter out 500 outstanding companies with highest total revenue from 7 countries in the region, in which 70 Vietnamese enterprises are listed. Reaching a total revenue of US$951 million in 2023, SeABank ranks 40/70 among Vietnamese brands and ranks 287/500 for enterprises with excellent revenue in Southeast Asia.

 

Being listed in the Fortune Southeast Asia 500 has affirmed SeABank's position and reputation in both regional and international markets. This also demonstrates the effectiveness of SeABank’s flexible business strategy focusing on retail banking development, which has helped maintain a stable business performance in a fluctuating economic context. In 2023, SeABank's charter capital increased to VND24,957 billion, while its stock SSB were selected to VN30-Index by HOSE; affirming SeABank's reputation, operational efficiency and potential in the financial and banking market. By December 31, 2023, SeABank is one of the 7 banks with largest capitalization on the Vietnamese stock market. Besides, SeABank continues to receive Ba3 ratings by Moody's for important categories with a Stable outlook, reflecting the positive assessments for the Bank's high and improving capital adequacy.

Thanks to the rapid growth and sustainable business activities, SeABank gained the trust and investments totaling nearly US$600 million from international financial institutions such as IFC, DFC... These aim to promote financial inclusion for small and medium enterprises, including women-owned enterprises, green projects and mitigating climate change.

Notably, with the remarkable achievements in recent years, SeABank has received the First Class Labor Medal from the Vietnam President as well as the recognition by many international organizations: two consecutive years in the Top 1000 World Banks, Top 100 Most Valuable Brands in Vietnam 2023, Top 100 Sustainable Enterprises in Vietnam, etc. These awards and honors further enhanced SeABank's position in the finance - banking industry, in the domestic and international markets.