F11-093 - Nguyen Huyen Vi.v.1.1.docx

Objective but also in association with the long term

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objective but also in association with the long-term objectives for the bank and customers’ benefits. 2.1. Size and Scope of different Types of Organisation 2.2.Choose an international bank in Vietnam and describe the differences and similarities between that firm and Vietinbank, including goals and objectives, size, growth, products offered and sustainability approach, among others . Founded in London in 1835, ANZ is ‘one of the 5 largest listed companies in Australia and number one bank in New Zealand’ (shareholder.anz.com, 2018). ANZ began when The Bank in Australia was established under Royal Charter and now they operate in 34 markets across Australia, New Zealand, Asia, Pacific, Europe, America and the Middle East. ANZ is one of the international bank in Vietnam with a branch in Hanoi in 1993 and second branch in Ho Chi Minh city in 1996. In several years of operation, ANZ received license for incorporation in Vietnam in 2008 and has become one of the largest international bank in Vietnam (shareholder.anz.com, 2018) - Similarities: both banks use banking and financial service to serve the customers. Furthermore, they have similar goals in operation and good working styles with good working environment. By maintaining and developing the general systems, they try to
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continue increasing profit growth to be in accordance with international standard and maintain their position. They also treat their employees right and equally. For customers, they try their best to connect and serve the best services and products for them - Differences: Vietinbank ANZ Goals and objectives To become the No.1 bank in the banking System of Vietnam, providing modern, utility finance and banking products and services that conform to international standards (Vietinbank, 2018) To help people and communities having a thriving world which means creating a balanced society where people can have a better life (ANZ, 2017) Size Total assets: 1,095,061 billion VND with 155 branches in 63 cities across Vietnam Total asset: A$896.5 billion. ANZ operate in 34 markets around the world Growth Over 23,00 employees. Compared to 2016, Vietinbank’s total assets increased by 15,4%, reached VND 1,1 trillion, and helped to maintain the leading position of Vietinabnk (Vietinbank, 2018) Around 46,000 staffs and 550,000 shareholders with 72,5% domestic shareholders and 41,8% retail shareholders (shareholder.anz,com, 2018). ANZ’s net profit increased by 18% to $6,938 billion. Net profit
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after tax increased 12 % and Net profit after tax increased 18% compared to 2016 (ANZ, 2017) Products offered According to international standard, they provide modern financial products and to meet the customer’s need and bring them complete financial solutions with professionalism and efficiency According to anz.com, ANZ provides many product and services for customers with professionalism and efficiency such as financing, transaction services, investing, international services and FX, risk management, and insurance superannuation Sustainability Vietinabnk ‘improve the financial capacity, human resource, technology to meet the goal of sustenance
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