F11-043 - Pham Khanh Linh.v.1.1.docx

This is also an effective way to raise capital for

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public for everyone to refer. This is also an effective way to raise capital for public limited companies. There will be at least two directors running a public company and an unlimited number of members and at least seven people (Rocket Lawyer, 2018). 1.2. Explain the activities of Vietinbank in the respects of legal structure and its activity type and purpose. Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) is the public limited company. The State Bank of Viet Nam has issued Establishment License no 142/GP- NHNN for Vietinbank at 3rd July, 2009 (Vietinbank.vn, 2018) and According to the annual report of Vietinbank, on 16/7/2009, Ho Chi Minh City Stock exchange (HOSE) has accepted the stock listing of Vietinbank with chartered capital of 11,252,973 (million Viet Nam Dong) in
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2009 (Vietinbank, 2018). Vietinbank has always publicly reported its activities and has been under public scrutiny since 2002. Vietinbank has three main activities: capital mobilization, credit and payment services and treasury. Vietinbank uses a lot of legal activities to mobilize capital such as receiving deposits, issuing bonds. It can also be borrowed by creditors, state-owned banks or other organizations. Commercial banks operate and develop mainly thanks to the amount of money that they can mobilize from the economy so capital mobilization is important activity of the bank. Capital mobilization will help banks expand production investment, improve competitiveness in the domestic market and economic integration, expand the network and serve the needs of technological innovation. One of the outstanding activities of the bank is credit operations. It includes short, medium and long-term loans to meet the needs of production, service and investment development plans. Vietinbank provides credit to organizations and individuals inside and outside the country, in Vietnam dong, foreign currency, gold in accordance with the law. Credit activities meet the demand for capital for the economy, regulating the relationship between supply and demand for capital flows. It helps to ensure the continuity and development of the production process in order to promote economic development. In addition, credit activities also help banks to develop external economic relations. Last but not least, payment and treasury operations. It includes trading activities such as opening an account to provide domestic and overseas payment services, remittance, foreign exchange trading, trading in financial market, financial advisory, the currency for customers in the form of direct and also insurance activities in the bank.(Vietinbank.vn, 2018) 1.3. Vision, mission, core values, goals, and objectives (SMART) of Vietinbank. - Vision:
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Vietinbank is always looking to the top of Vietnam's leading commercial banks, playing the role of international banks, innovating and developing in the most modern and effective manner(Vietinbank.vn, 2018).
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