F11-059- Dang Quang Nhat.v.1.1.docx

To become the international standard bank and lead

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To become the international standard bank and lead the market. 1.4 The performance of Vietinbank: According to Vietinbank.vn, the total capital of Vietinbank in 2017 has increased by 15.4% compared to 2016, exceeding the plan. Capital mobilization of Vietinbank also increased strongly when more than 2016 is 16.4%. Along with that, the foreign currency business of Vietinbank also grew very strongly. The turnover of foreign currency business of Vietinbank has increased by 17% compared to 2016. In the year 2017, the investment business and subsidiaries of Vietinbank will also grow significantly compared to 2016. As a major commercial bank, VietinBank has provided sufficient and timely capital for the economy to help businesses promote production and business, encourage consumption and support growth. sustainable economy. Credit outstanding of VietinBank to 31/12/2017 reached 840 trillion, up 18% compared with 2016. Besides credit and capital, VietinBank focuses on diversifying products and services, developing modern investment products and maintaining its role as a market- creating bank with a total investment scale. reached 240 trillion(VIETINBANK ANNUAL REPORT 2017, 2017). 1.5 Assess the future directions of the Vietinbank in terms of, for instance, growth, market objectives, among others: In 2018, although the world and domestic economies are expected to remain challenging, the general trend is more positive than in 2017. In 2018, the government continued to implement policies to make real changes. Improve productivity, quality, efficiency and competitiveness, promote innovation and administrative reform. Maintain macroeconomic stability, control inflation on average less than 4%, economic growth at about 6.7%. Facilitate the development of business activities of domestic enterprises and attract foreign investment. The State Bank of Vietnam (SBV) will continue to operate the monetary policy instruments in a flexible manner in order to stabilize the currency and market, ensure liquidity and provide efficient capital for the economy (vietinbank.com, 2017). On the basis of following the direction of the Government, the State Bank, grasping the macroeconomic situation, exploiting growth potential in banking and finance, and promoting the
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Party's comprehensive leadership in all matters. the bank's operations. In 2018, as well as the 30th anniversary of VietinBank's construction and development, VietinBank's Board of Directors has determined the direction of operation with 5 main tasks. Develop strong and sustainable business. Effective growth and tight control of asset quality, dealing with all NPLs sold VAMC in early 2018. Developing modern products and services, especially payment banking. To standardize all aspects of operation, improve financial capacity, risk management, infrastructure development, modernization of information technology in accordance with international standards. Managing costs, improving the performance of the entire system, creating a solid foundation towards the target that the bank meets regional standards by 2020. In 2018,
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