F11-037 - Duong Manh Kien.v.1.1.docx

A partnership could be a kind of business wherever

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A partnership could be a kind of business wherever two or additional individuals share possession, further because the responsibility for managing the corporate and therefore the financial gain or losses the business generates. That financial gain is paid to partners, who then claim it on their personal tax returns – the business is not taxed individually, as companies are, on its profits or losses. (Shopify Inc, 2018). Companies and corporations are a type of enterprise. each of them exist legal creators and have a separate legal entity standing, distinct from its holders. Then this organisations
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will still existeven when the ending of their founders and original owners. (Difference Between.net, 2017). 1.2. The activities and legal form of Vietinbank. Vietinbank isa large businesses and public limited companies with 158 branches and over 23,000 employees in Vietnam (Vietinbank, 2018) and Vietinbank are the mixed sector (public sector and private sector). The main activities of this bank are banking transactions and deals including: mobilizing and taking short-run, medium-term and long deposits from organizations and individuals; creating short-run, medium-term and long loans to organizations and people supported the character and capability of the Bank’s sources of funds; acting payment services among organizations and individuals; concluding interchange transactions, international trade finance services, discounting business papers, bonds and different valuable notes; and providing different banking services allowable by the depository financial institution of Vietnam. (Vietinbank, 2018). 1.3. Vision, mission, core value, goals and objectives of Vietinbank. According to Vietinbank (2018), vision of Vietinbank is want to be a leading financial group in Vietnam, cross-range, modern, multi-function, high efficiency. With the mission is the first bank within the banking industry of Vietnam that provides modern, convenient and international standardbanking. In term of the core value, this bank direction to customers, towards perfection, dynamic, modern, professional and creative. Moreover, Vietinbank oriented the respect, social reponsibility and sustainable development. This objective is set by the bank in a specific have the objective is advance 20% profit in 2020 and Vietinbank can measure by the worth of client transactions. Beside, it can be attainable the objective by the bank and it is a result orientated and time delimited since the bank aims to attain it by 2020.
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1.4. Performance of Vietinbank. The Vietinbank annual report (2016) and annual report (2017) has showthe revenue growth with the total asset 948,699 billions VNDin 2016 and increased by 15.4%, reach 1,100 trilions VND to 1,095,061 billions VND in 2017. Beside, the charter capital is same from each year and the propotion of Nonperforming Loan (NPL) have slightly increase from 0.93% to 1,07%. Overall, the performance of Vietinbank no significant change and the revenue have a slight grow include tax payable.
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