F11-059- Dang Quang Nhat.v.1.1.docx

Vn vietinbank has a total of 23000 employees working

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financial institutions IFC reputation (Vietinbank.vn). Vietinbank has a total of 23,000 employees working in Vietnam (Vietinbank.vn, 2018). As of present time, Vietinbank as the bank has foreign shareholders structure strongest in Viet Nam (Tuyendung.vietinbank.vn, 2018). This research will analyze about type and purpose, size and scope, Interrelationship of functions of organizations. Furthermore, Purpose of Human Resource Function and some plans for human resources will be discussed to open a new branch of Vietinbank. 1. Business Type and Purposes of Vietinbank: 1.1 Explain the different types and purposes of organisations; public, private and voluntary sectors and their legal structures : Large companies often combine two types of public company and private company organisation. „Private companies are run the same way as public companies, except that ownership in the company is limited to a relatively small number of investors (Investinganswer.com). But these two types have some differences: - Private sector: Though private companies come in all sizes, but most are small companies. Private companies often have few employees or many employees, but most private companies do not have many employees. Those who contribute to the company or establish a company are usually family, friends, colleagues, ... or
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related people. Private companies can raise their own prices of goods depending on the company's Board of Directors Private companies do not operate under state ownership, so they are free in many ways.. Private companies do not sell their shares unless the private company is able to grow large enough. When it grows strong enough, private companies can sell their shares to the public (eg, Facebook, Ikea, SliverTV, ...) (Investopedia.com). Shares of private companies are often illiquid, meaning it may take a lot of effort to find buyers or sellers of a private company's stock. But the number of private companies selling their shares is very small, mostly not sold. - Public sector: Public sectors will have a 64% share of the state, so the public sector is owned by the state and controlled by the government. So the government owns and operates the company. „Public companies are publicly traded within the open market with shares being purchased by a variety of investors (investopedia.com). So public companies usually have a lot of people investing in it. But because they are still under the management of the government, companies can not sell too many shares outside. When companies do not want to be managed by the government, they have to sell all the shares out. Then the company becomes a private company - Voluntary sector: The difference from public company and private company, the voluntary sector refers to organizations whose primary purpose is to create social impact rather than profit (reachvolunteering.org.uk). There are many companies in this world that operate in this way and are sponsored by many countries.
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