An organization is an arrangement people to meet a

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An organization is an arrangement people, to meet a need or to pursue collective goals. There are various types of organizations that are set up for a variety of purposes. The public sector is part of an economic system owned by the government involved in the provision of goods and services by the government to the public. The private sector is made up businesses or corporations owned by private owners or shareholders. The voluntary sector is comprised of organizations whose purpose is to benefit and enrich society, often without profit as a motive and with little or no government intervention. Legal structure consists of the following type: sole traders, partnerships and companies or corporations. Sole traders are people who operate
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businesses on their own, sole traders control and manages the business and treat its income as their own and at the same time they also bear personal responsibility for all debts incurred. A sole trader can lose his/her assets and home as a result bussiness faiure. Partnerships as the relation which subsists between two or more persons carrying on a business in common which they own, finance and run jointly with a view to profit. In a partnership, each partner contributes an agreed amount of capital and agree method of sharing profit, salary, interest, losses, and managerial responsibilities are shared among the partners. Companies or corporations are entity that engages in business created in order to separate legal responsibility for the affairs of a business from the personal affairs of the individuals who own or operate it. The business debts and liabilities are those of the company and not those of its members (shareholders). Moreover, Company/ corporation have two types: Public limited company and Private limited company. Public limited company is a company that has permission to issue registered securities to the general public through an initial public offering (IPO) and it is traded on at least one stock exchange market. A private limited company is a business entity that is held by private owners. This type of entity limits the owner’s liability to their ownership stake, and restricts shareholders from publicly trading shares. 1.3 Explain the activities of Vietinbank in the respects of legal structure and its activity type and purpose. Based on the above information, it can be concluded that Vietinbank is a corporation with legal status as a public limited company. To develop VietinBank into a financial corporation that owns and operates in a diversified field, develops sustainably and maintains its leading position in Vietnam, integrating actively with the region and the world, becoming a bank big trade in Asia. During the 30 years of operation, Vietinbank has been operating in the fields of banking and
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financial activities and other business activities in accordance with the law of credit institutions (banking, finance and securities insurance). VietinBank owns the following companies: Finance
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