F11-051 - Nguyen Thanh Phuong.v.1.1.docx

Vietinbank is righteous and explicit in work respect

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VietinBank is righteous and explicit in work. Respect with customers and coworker. Protect and develop VietinBank Good performance and responsibilities with community and society Goals: The long-term goal of VietinBank is to continue business growth with a sustainable and effective way, improve services quality such as high utility automation, motivate non-credit service,
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especially, VietinBank will concentrate on payment service with high technology . Objectives: VietinBank’s aims is to become a regional standard bank by 2020. This bank unceasingly develop all aspects of activities such as facilities, information technology, risk management, operating base on international standards. The policies continue deployment, impulse innovation in banking and financial and reform administrative. With orientation in the future, the average inflation is below 4% and the economic growth rate maybe is about 20% (annual report,2017). The bank manage policies flexibly to stabilize market, develop services, and standardize all bank operations. 1.4 Critically analysis the performance of Vietinbank As reported by the president of VietinBank, in recent year, there are signs of growth beyond the set targets: economic growth 6,81%, the average inflation rose up 170 USD. In the end of 2017, this bank is the leader in total assets and equities. For examples, VietinBank achieved 1,1 millions, increased to 15,4% of all assets. Thanks to that outstanding successes, VietinBank has been recognized through many awards. In detail, VietinBank appeared on a list Forbes Global 2000 at least 6 times. As assessed by the Banker, VietinBank get the highest hierarchy Vietnamese Bank in ‘Top 1000 international banks 2017’. Especially, this bank was recorded in Top 500 most valuable bank in the world with the value 252 million USD. Through these things, VietinBank expressed clearly efforts and job performance. 1.5 Assess the future directions of the Vietinbank in terms of, for instance, growth, market objectives, among others VietinBank has a long-term strategy and sustainable development. With the target is to become a
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significant scale financial corporation in 2020, it run toward growth target and so on. Vietinbank promote the direct in the future. This bank continue business and profit growth strictly. Not only focus on business, VietinBank also expand market and enhance people‘s ability. VietinBank contend to complete the obligations with society, deploy projects for all services. 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. ANZ is one of the international banks in Vietnam, which operated in 2008. ANZ was set up in Hanoi and Ho Chi Minh City (Australia and New Zealand Banking Group Limited, 2016). This is a comparison between VietinBank and ANZ in some way.
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