F11-036 - Tran Xuan Khoi.v.1.1.docx

The medium term objective of vietinbank is to become

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and pride of Vietinbank. The medium-term objective of VietinBank is to become the largest financial group in Vietnam's banking system by 2020. VietinBank determines the strategic focus is to develop the business selectively, efficiently and sustainably. Payment application on the basis of modern technology. The objective of VietinBank's stable development is to aim at the socio- economic development of the country. improving the social environment, exploiting the development of social security projects and projects (Vietinbank, 2018) 1.4 Critically analyse the performance of Vietinbank Brand Finance Consultants announces the list of the 500 largest brand names in the world by 2015. Accordingly VietinBank ranked 437 with the brand value of $ 197 million. MUFG ranked 12th in the world and number 1 in Japan with a brand value of over $ 14.5 billion. The main bank of the MUFG Group, Bank of Tokyo-Mitsubishi UFJ (BTMU) is a strategic partner of VietinBank
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OPENINGANEWBRANCH OFVIETINBANKIN MYDINH 9 (Vietinbank, 2015) As of 31/12/2017, total assets of VietinBank reached more than 1,095 billion VND, an increase of 15.3% over the period 2016, continuing to be one of the leading commercial joint stock banks. Total net operating income of VietinBank in 2017 reached VND32.6 trillion, up 23.7% compared to 2016. Of which, net interest income came to VND27.1 trillion, up 21.4% In addition to its traditional credit and capital activities, VietinBank focuses on promoting the diversification of non-credit products and services, improving the efficiency of investment and business activities, developing payment services, To create a close link in the banking service supply chain, contributing to the good implementation of the Government's policy and successfully implementing the new Core Banking system. Leading the way in the banking industry to the present time, marking the important step forward, raising the position, meeting the technology requirements for long-term and sustainable development in line with advanced technology in the world. , breakthrough in the operation of business (Vietinbank, 2017) 1.5 Assess the future directions of the Vietinbank in terms of, for instance, growth, market objectives, among others At the moment of development of Vietinbank in 2018, Vietinbank concentrates all its resources to develop its business activities in depth, selective and effective growth, improve service quality, develop products, implement The structure of the period 2016-2020 (Vietinbank, 2018). Future orientation will continue to automate services with high utility, improve service quality, credit costs, paying special attention to modern payment technology, improving financial capacity, increasing efficiency. banking operations and subsidiaries, associates, labor productivity improvements, cost-effective governance. Vietinbank will become the No. 1 bank in Vietnam's banking system, contributing to the country's social security, reducing the unemployment rate, contributing to GDP growth of the country .
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