Also in the annual report their npl ratio has

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Also in the annual report, their NPL ratio has increased to 1.07% compare to 0.93% in 2016. However, they managed to keep the bad debt at 1.13%, proving that they are capable of maintaining their asset quality. Vietinbank has been received many awards for their performance result, including the “Best Retail Bank in Vietnam in 2017” for the 2nd in a row by Global Banking & Finance Review Magazine; Best trade financial bank 2017 by The Asian Banker; Best electronic bank of 2017 by the Vietnam Bankers Association (VNBA) and more. With the excellent performance result, Vietinbank still being one of the top banks in Vietnam.
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1.5. Assess the future directions of the Vietinbank in terms of, for instance, growth, market objectives, among others: Vietinbank stated in their annual report that their future directions are: taking benefit of capacity improvement of banking and finance area, and sell the Communist birthday celebration s main function in each aspect of the banking region. They also addressed 5 main objectives: (I) developing commercial enterprise activities sharply and sustainably; (II) developing efficiently and controlling intently asset first-class, resolving all nonperforming loans (NPLs) old to VAMC (Vietnam Asset Management Company) within 2018; (III) developing products and services, specially transaction banking services; (IV) Standardizing each element of operation, improving economic abilities, risk management, expanding infrastructure, modernizing statistics system to reach international requirements; (V) handling costs, improving the operation performance of the organization, offering the strong foundation to serve the aim of meeting local requirements in 2020. All personnel of Vietinbank will maintain elevating achieved results, resolve existed problems, determine to achieve the objectives, strengthen the image of VietinBank as a large, leading commercial bank, contributing to the development of banking sector and socio-economy of the country.
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Task 2 (LO 4: P5, P6, M4, D2) 2.1. 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 Standard Chartered is an international corporationin banking, with over 86,000 staffs and 150 years of experience. The company corporation is listed on London, Hong Kong, Bombay and India national stock market. Operated since 1904 in Sai Gon with 4 branches in Ha Noi and Ho Chi Minh city, Standard Chartered has been assigned as official advisor for Vietnam government in improving national credit rating since March 2012. Compare to Vietinbank, there are the similarities and differences between the two companies: Similarities: While there are not many connections between Vietinbank and Standard Chartered, they can be recognized by some elements: They both are public companies and listed on the stock market; they provide banking products and services; their core values based on same factors including clients satisfaction,
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