The Vietnam Joint Stock Commercial Bank for Industry and Trade, better known as Vietinbank, has been ranked 1,764th on Forbes Global 2000, Forbes' list of the world's biggest public corporations.

The partly-privatized bank, which has rallied 225 notches this year after entering the list for the first time last year, continues to be the sole representative of Vietnam in the 2013 list.

VietinBank, coded CTG on Ho Chi Minh Stock Exchange, ranked 1989th in the list after gaining 1945th position in terms of profitability and 904th with regards to asset value in 2012.

Overall, VietinBank, which has a market capitalization value of $2.38 billion, is ranked 1,682th in terms of profit ($300 million), and 874th in terms of total assets ($24.2 billion), according to Forbes’ data.

Last year’s corresponding figures, collected in 2011, were $2.4 billion, $200 million, and $21.9 billion, respectively.

The bank, founded in 1988, is a financial institution partially owned by the state. Currently, the bank has 19,840 employees and annual revenue of about $2.63 billion.

Forbes Global 2000 is the ranking of biggest listed companies in the world, based on the balance between the proportion of data revenue, profit, assets and market capitalization values. This is the 10th year that Forbes magazine conducted and published the Forbes Global 2000.

Forbes Global 2000 list this year are based on data from 63 countries worldwide, 3 countries fewer than the similar rankings in 2012.

US corporations made up the largest part in the list with 543 companies, up 19 units from the 2012 list, followed by Japan with 251 units.

Top 10 this year witnessed the rise of the Industrial and Commercial Bank of China to the first place, and the. 2nd place belongs to China Construction Bank. The two runner-ups were JPMorgan Chase and General Electric Corporation.

Exxon Mobil, former champion of the list, fell to No.5 this year.