F11-018 - Vo Minh Giang.v.1.1.docx

Mobilized funds fund mobilization increased 162 from

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Mobilized funds: Fund mobilization increased 16.2%, from VND 870 trillion to more than VND 1 quadrillion in one year and completed the 2017 business plan at 101.5%. With diversified financial structure and flexible capital requirements, the business of Vietinbank has achieved certain effects.
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Profit before tax: Vietinbank's pre-tax profit increased by VND 752 billion in one year, to VND 9,206 billion on 31 December 2017, and fulfilled nearly 105% of GMS business plan. ROA and ROE exceeded the targets of the 2017 business plan, at 0.9% and 12.2% respectively (Vietinbank,2018). 1.5 Assess the future directions of the Vietinbank in terms of, for instance, growth, market objectives, among others. In the future, in 2020, Vietinbank is expected to reach total assets of over 2 trillion dong. Thanks to the development policies of the management board, the bank has achieved great achievements. With the scale expanded year by year, Vietinbank hopes to open about 250 branches and offices in all districts and cities in Vietnam as well as in other countries. In addition, human resources are also an important factor contributing to the successful development of the organization. Currently, there are 23,000 employees working at Vietinbank. Next year, with the desire to improve its position and development in all areas, the increase of human resources is important. Vietinbank is expected to reach 40,000 employees. 2.1 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. I choose Vietnam International Bank (VIB) for comparison with Vietinbank. VIB full name is Joint Stock Commercial Bank in Vietnam was established in 1996 with head office located in Hanoi. After more than 20 years of construction and development, VIB has achieved certain achievements and occupies an important position in the banking system in Vietnam. Similarities: The Vietinbank and VIB's goals in 2018 are to upgrade infrastructure, develop technology and expand the network. In addition, the long-term goal is to 2020 by
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the two banks is to take the company to a new height and affirmed its position in the market. By the end of 2017, both banks have a large number of branches across the country, more than 150 branches and offices and a growth rate is approximately 20% per year. They provide services to customers such as deposit, credit loan, money transfer, etc. Finally, the indispensable sustainable approach of Vietinbank and VIB is to meet the needs of customers, provide customers with the best services. Differences: Vietinbank Vietnam International Bank Belonging to VN so this bank is often associated with social values aiming to profit associated with the development of the best service for customers Total assets : 1,095,061 billion Total assets: 132,200 billion Chartered capital: 37,234 billion Chartered capital: 5,644 billion Managing 23000 people Managing 5000 people Having 155 branches Having 162 branches Growth: 15% - 17% Growth: 18% Vietinbank towards foreign investment VIB tends to invest in vietnam 2.2 Building stakeholder mapping for the international bank and Vietinbank and compare this two stakeholder maps highlighting their similarities and difference
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