Saturday , June 19 2021

"VietinBank needs bigger, higher aspirations"



If the banks do not introduce innovation, the economy will slow down

Speaking on the 30th anniversary of the construction and development of VietinBank on November 11, Prime Minister Nguyen Xuan Phuc said: "Born in the context of the Vietnam economy. The industrial and commercial bank of Vietnam, now VietinBank, witnessed almost total reform of the country's economy.

"It can be said that the achievements of Vietnam for 30 years of renovation have a great presence and mark the banking industry in general, especially VietinBank, named from VietinBank itself is a mission with the aim to promote the transformation and development of Vietnamese industry and trade" – said the Prime Minister.





On November 11, Prime Minister Nguyen Xuan Phuc delivered a speech during the 30th anniversary of Vietinbank (1988 - 2018). .

On November 11, Prime Minister Nguyen Xuan Phuc delivered a speech during the 30th anniversary of Vietinbank (1988 – 2018). .

Expressing the achievements achieved by VietinBank, the prime minister expressed: "I do not know in this room, how many commercial banks there are today, but VietinBank's contributions from commercial banks. In addition, you have created healthy competition for banks, including VietinBank."

The Prime Minister emphasized the achievements of the last 30 years, not only to sit proudly, but also to act and motivate us to be more determined in the coming time with many difficulties and challenges. poor.

"As I said before Congress, a 30-year journey will not be easy, even more difficult and more complex than the last 30 years." Shortening the economy by more than 17 times over the next 30 years (over the past 30 years), which is over 2, USD 5 trillion, with a per capita income of over USD 18,000 to 2045. We celebrate the hundredth anniversary of the national holiday, which is a great challenge, but also a great honor for generations on our terms. "

With VietinBank, the Prime Minister believes that "we have aspirations to do great things, we will definitely and consistently implement all immediate and long-term strategic goals to realize our aspirations."

According to the Prime Minister, in the economy cells, banks are considered to be the cells that contain the most dynamic and creative genes. It is also one of the most exciting places in many innovative and creative activities of the economy.

The prime minister questioned whether VietinBank had "the burning need to be one of the pioneers of revolution 4.0 in the Vietnam banking revolution." The revolution will change very much. A very basic aspect of banking and financial operations is the application of new technologies that foreshadow a fundamental change in the operational model, management and banking services. "

According to the Prime Minister, if we delay, I will stay in the bank race in the region and in the world. Especially in the context of the growing number of digital economies in the region and the world, if the Vietnamese banks are not agile, transformed and ignored in the renovation process, the whole Vietnamese economy will also be slow on its way to development.

It is necessary to redefine the vision and goals

The long-term goal of VietinBank is to become a large financial corporation with the best results of the banking system in 2020, the prime minister said that 2020 is not far away. "I think it's time to redefine our vision and goals towards 2045"

The prime minister highly praised the goal pursued by the bank, which is one of the ten largest commercial banks in ASEAN, one of the two commercial banks in Vietnam was among the top 100 banks in Asia and was one of the first Vietnamese commercial banks to record shares on foreign markets. equity markets. However, the prime minister said that the vision for 2045 VietinBank must be greater, higher aspirations.

On behalf of the Party and State leaders, the prime minister awarded the Vietinbank Medal of the First Class and the Government Emulation Flag. Photo of VGP / Quang Hieu

On behalf of the Party and State leaders, the prime minister awarded the Vietinbank Medal of the First Class and the Government Emulation Flag. Photo of VGP / Quang Hieu

To realize this new vision, now VietinBank must continue to improve and improve; Continuing to strengthen and increase financial capacity, ability to manage banking in accordance with international standards. VietinBank must actively participate in consultations, support the restructuring of credit institutions, deal with bad debts, healthy balance sheets and the financial system of the entire system.

At the same time, banks need to increase their investments in research and development. In addition to technology, the human factor is still decisive. VietinBank must invest and cultivate qualified staff with high technical and professional qualifications, with particular emphasis on the moral aspect, always supporting the aspirations of employees, See the cultural identity and the competitive advantage of the bank …

In addition, as a state bank, a bank must prioritize its ability to balance capital for important sectors of the economy, such as agriculture, exports, supporting industries, support at the start-up stage, development of small and medium enterprises, creating more favorable conditions for enterprises in the field of access to capital and the development of their activities.

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