F11-053 - Dao Hoang Nam.v.1.1.docx

The goal was to innovate the customer services brings

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- The goal was to innovate the customer services, brings benefits to the stockholder and to the community. To be the number one in banking-financial field and to make great contribution for the national s economy Objective : - Vietinbank not only pursues effective business goals and profit growth but also aims to link the country's socio-economic development with the Party (Vietinbank.vn, 2018, para 2) to erase poverty. With the specific plans, the company will also increase products and services, tech, professional employees to meet the need of the objective of the bank and also the need of society. This goal can totally be achieved, measured by the performance in the the previous year. In 2018, Vietinbankwill strive to live up to our corporate social responsibility, and deliver social security projects and works to reflect Vietinbank s philosophy “improving the value of life” (vietinban.vn, 2018, para3) 1.5 Analyzing the performance: From 2016 to 2017 In the last two year, the scale of Vietinbank has increase strongly, completing the goal and objective. The total asset has increase remarkable at 949 trillion VND, surpass the objective 107% .The profit after tax in 2016 is 6.765.211 and in the year of 2017 is 7.458.902 . The net profit is also rise within 2 years from 22.303.879 trillion to 27.072.987 trillion VND. Although the number are very positive, but there are still problem left to be solve in the future, bad debt are tent to increase. According to the financial report of 2017, in the date of 31/12/2017, Vietinbank has the total of bad debts 9,011 billion VND, increase 52 billion compared to the number in
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bank s self-build financial report and increase 29% compared to the first quarter of 2017 (Thúy, 2018). Conclusion, in the past two year, the number is very promising, although there are still problem, but with a view to be on top, Vietinbank will achieve more 1.6 Assess the future directions of the Vietinbank in terms of, for instance, growth, market objectives, among others In 2018, short term goal of the bank is to increase the total asset from 12% compare to 2017, credit fund at the growth rate of 14%. Continue to expand the mobile banking (App My VBI) to all the customers, and maintain the development of retail banking for community and businesses (Vietinbank.vn, 2018). Chairman of the board Nguyen Van Thang has set the direction for the Vietinbank from now to 2020. Increasingly improvement in the structures of the operation system, continuously improving difference units in the company, raising the service quality and also community services. Continue to follow the Resolution 42 to rapidly reduce bad debts, the Govenor of State Bank of Vietnam has requested to closely follow to (Investor.vietinbank.vn, 2018)
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2.1 Size and Scope of Different Types of Organisations (1,000 words) 2.2 Select an international bank and compare it with Vietinbank in terms goals and objectives, size, growth, products offered and sustainability approach highlighting similarity and differences.
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