F12-088 - Tran Khanh Linh.v.1.1.docx

Overview of vietinbank vietnam bank for industry and

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OVERVIEW OF VIETINBANK Vietnam Bank for Industry and Trade – VietinBank, its English registered name is Vietnam Joint Stock Commercial Bank for Industry and Trade which was established in 1988, after being seperated from State Bank of Vietnam. VietinBank started to be traded in the Ho Chi Minh City Stock Exchange (HOSE) in July 2009. The current head office is in Hanoi, Vietnam.VietinBank is one of the four largest State-owned commercial bank in Vietnam with more than 23,780 employees, 155 local branches, 2 foreign branches, 3 Representative Office (2 in Vietnam, 1 abroad) and 958 transactions. In addition to the extensive network, VietinBank has formed correspondent relationship with over 1,000 financial institutions of more than 90 countries worldwide. (VietinBank, 2017) According to VietinBank s 2018 report, its total asset is 1,095,091 billion VND. VietinBank s capital is 37,234 billion VND which keeps on increasing over the years and have been
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substantially rising since 1996 with the annual average growth of 20%, especially up to 35% a year against that of the previous year. With 64,46% of Vietnam Government Bank SBV; 19,73% of The Bank of Tokyo – Mitsubishi UFJ; 5,39% of The Investment Funds IFC L.P; 2,63% of International Finance Corporation (World Bank) and 7,78% of others, VietinBank s shareholders equity is 63,765 billion VND. (cafef.vn, 2018) In the age of 4.0 technology, VietinBank has expanded its field in the banking environment by providing customers with internet banking services - EBanking which makes its customers extremely satisfied because of the convenience, the speed and really assured of the security and personal privacy. June 2013, VietinBank has released another internet service is VietinBankiPay. This service not only supports the transfer of money but also pays bills online over the phone which connects to most electricity / water / telecommunications / mobile suppliers ... nationwide. The bill payment service has created a breakthrough in the improvement of administrative procedures in billing payment, saving resources and time for users. (VietinBank, 2018) 4.1 HUMAN RESOURCE MANAGEMENT Definition: Human Resource Management (HRM) is the process of recruiting, selecting, inducting employees, providing orientation, imparting training and development, appraising the performance of employees, deciding compensation and providing benefits, motivating employees, maintaining proper relations with employees and their trade unions, ensuring employees safety, welfare and healthy measures in compliance with labor laws of the land. (whatishumanresource.com) 4.2 KEY ROLES AND RESPONSIBILITIES OF HUMAN RESOURCE FUNCTION
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Functions: planning, organizing, directing and controlling. It involves procurement, development, maintenance of human resource. It helps to achieve individual, organizational and social objectives. It involves team spirit and team work. - Recruitment: + Internal recruitment + External recruitment - Selection - Training: + On the job + Off the job - Assessing performance + Traditional methods + Modern methods - Motivating: + Rewards & Benefits + Recognition - Compensating - Maintainglabour relations - Healthy, welfare & safety of employees - Compliance to labour laws 4.3 “BEST FIT” APPROACH OR “BEST PRACTICE”
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The terminology of „be st practice
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  • Winter '18
  • Vietinbank

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