F11-077 - Phung Phuong Thao.v.1.1.docx

The private sectors public sectors and voluntary

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The private sectors, public sectors and voluntary organization have different goals and movetives and are governed by slightly different principle ( University of Sancisco, 2018) 1.2 Explain the activities of Vietinbank in the respects of legal structure and its activity type and purpose From the information mentioned trewn, Vietinbank is defined as a corporation in the form of public liability company. The goal of the bank is to increase employee shareholder value and financial value.Vietinbank operates in the field of commercial banking and financial investment and insurance.In addition, Vietinbank also conducts direct investment activies through its subsidanes and associates in the form of financial invesment, securities or bond trading.Within 30 years of operation,Vietinbank always adheres to the principles and regulations of this bank,operating in the fields of commercial banks,financial investment and insurance, in accordance with the Law on Credit Institutions Vietinbank operates in the field of finance and banking ( Vietinbank, 2018) 1.3 Describe the current vision, mission, core values, goals, and objectives (SMART) of Vietinbank. With the leading of bank in Vietnam, Vietinbank has the vision of becoming the largest
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bank with the largest total assets in Vietnam and high efficiency in the banking industry in the country. The bank is aiming to be a bank with a mordern and developed vision in the world. The core values of Vietinbank are towards society and the community “ Customers are at the center of all Vietinbank s activities.Vietinbank is committed to providing products, services and style of service ‟‟ (Vietinbank,2018) With the mission is “Being the No.1 bank of the Vietnamese banking systerm, providing morderm banking products, services, standards and international stardards” (Vietinbank, 2018) With the growth rate in 2020, the bank will reach 20% the bank set based on pratical factors and smart criteria. This target is base on the sales of vietinbank.By 2020, this growth target is a result oriented and time. 1.4 Critically analyse the performance of Vietinbank. In term of the performace of Vietinbank, the bank have achieved positive effects. The main bussiness of Vietinbank has growth sharply over the previous years. It still remains the leading bank in the banking system in Vietnam. “Vietinbank s bussiness activities in the first half of the year remained stable. As compared with 31/12/2017, the total assets at the end of 6/2018 is estimated at 1.40 trillion dong, up by more than 40 trillion dong, up 4% outstanding loans of the whole system increased 7.56% than the sector s credit growth (6,84%). Of which, outstanding loans increased by 9.8% over the beginning of the year” (Vietinbank,2018) In terms of bussiness and subsidiaries, this business has grown sharply with pre-tax profit of 560 billion VND, up 39% over 2016. Forbes magazine has selected 2000 largest and of which Vietinbank is the world s leading brand with top 500 th .
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1.5 Assess the future directions of the Vietinbank in terms of, for instance, growth, market objectives, among others.
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