F11-034 - Le Vu An Khanh.v.1.1.docx

11 business type and purposes of vietinbank 12 the

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1.1 Business Type and Purposes of Vietinbank 1.2 The different types and purpose of organisation: public, private and voluntary sector and their legal structure Public sector: The area of a country s economy, which is under the control of a government, regardless whether it is focal, state or nearby, is know as the Public Sector ( Surbhi,2015). Public limited company is an organisations which is certainly not a privately owned business and has least paid up capital of 5 lakh rupees or more, or a privately owned business which is an auxiliary of an organisation ( Kumar,2012) Private sector: The segment of a country s economy, which claimed and controlled by private people or organisations is known as Pravate Sector ( Surbhi, 2015). Private company is a privately owend business is that organisation which by its articles of affiliations restrains the quantity of ots individuals to fifty, barring representatives who are individuals or workers
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who were and keep on being individuals; limits the privilege of exchange of offers assuming any; restricts any welcome to people in general to buy in for any offers or debentures of the organisation ( Kumar,2012) Voluntary sector: 1.2. The activities of Vietinbank in the respects of legal structure and its activity type and purpose Legal structure: - Sole traders: is a person who owns and manage his or her business alone and they have to take personal responsibility for their debts (Pattarawadee,2014). - Partnership: is where two or more people work together to achieve one goal to build trust and win-win relationships (Dent, 2006) - Company or corporations: a group of people who come together or who contribute money for a common purpose and who incorporate it into a separate legal entity in the form of a corporation for that purpose. ( Kumar,2012) Activities: Performing banking transactions including mobilizing and receiving short, medium and long-term deposits from organisations and individuals; providing short term, medium term and long-term loans to organisations and individuals; to conduct foreign exchange transations, international trade finance service, discount commercial papers, bonds, other valuable papers and other banking services permitted by the SBV. (Vietinbank,2018) 1.3. The current vision, mission, core value, goals and objectives of Vietinbank According to the information given in the official website of Vietinbank (2018), the bank has given the orientation of their development as follows:
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Current vision: this bank will try their best to become the leading banking and money cluster in Vietnam on the identical level with regional peer. Besides, it also maintains and set up a modern, multifunctional and extremely economical establishment. Mission: The mission of the bank is to be the best bank in the managing an account arrangement of Vietnam that offers present day, advantageous and universal standard saving money and budgetary items and administrations.
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