Vietcombank Analysis

I. Macro-environment 1. Economic One of the hulkinggest successes of 2007 was the annual economic evolution rate compass an impressive 8.48 per cent. This high growth creates an important premise for Vietnam to affect to a higher development plan in the glide path years. 10.6 percent growth rate of the industrial sector shows the parsimonys magnate to develop sustainable. (Ministry of foreign affairs) The economic growth of the Viet Nam relied on chiefly into contribution the number of enthronisation element. It is estimated that at the end of November 2007 total lending account outstanding and investment in swearing increase nearly 34% (Vietnamnet). This number shows that the banking pains is concerned by a broadcast of financial institution, big company and so on. 2. Demographic The countrys population was populate recorded at 84.16 million in 2007. According to the statistics, about 65 percent of the Vietnamese populations are in the working age group (15-59 years old) (Vietnamnet). These figures indicated that there are a great number of Vietnamese people who have ability to earn and save the currency. 3. Technological element Nowadays, Vietnamese banks have utilize new applied science: Host (the internal network and supranational network to connect every Banks branches over sea.

) Besides, each bank also uses an information management system to control all branches database. Preventable risk system was established because the experiences from the past. A lot of banks could not survive when they lost a lot of money which customers loaned and did not pay. In April 2004, USAID experts assessed the banks information technology systems and recommended improvement. Integrating ATMs, credit, debit cards and e-banking into existing services unclutter the transactions between the customers and bank become more loose and easier.(USAID) 4. Social/Culture Many Vietnamese people have handed-down thinking is that they deposited their money into bank just for safe and interest. 5.... If you unavoidableness to get a full essay, order it on our website: Ordercustompaper.com

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