DIGITAL TRANSFORMATION - GREEN TRANSITION
VietinBank commits to ceaselessly facilitating breakthroughs in our dual transformation journey, contributing to the country’s strong rise and bringing maximum interests and sustainable values to our valued shareholders
Dear valued investors and shareholders,
Throughout 2024, we witnessed prolonged geopolitical tensions, the trend of reverse-globalization and major economic-politico events which left a complicated and fragmented picture of the world economy. However, under the strong leadership of the Party, the Government, ministries and agencies, our country’s economy once again demonstrates its inherent strengths with a resilient recovery momentum and impressive growth potentials that can be seen in the fact that all 15/15 National Assembly-set indicators were fulfilled with an impressive GDP growth of 7.09%. Macro-economic stability, good control of inflation and positive growth momentum in business and manufacturing have worked to create an attractive investment environment, laying down a solid foundation for the development of economic sectors in general and of the Banking Industry in particular.
Dear valued investors and shareholders,
Throughout 2024, we witnessed prolonged geopolitical tensions, the trend of reverse-globalization and major economic-politico events which left a complicated and fragmented picture of the world economy. However, under the strong leadership of the Party, the Government, ministries and agencies, our country’s economy once again demonstrates its inherent strengths with a resilient recovery momentum and impressive growth potentials that can be seen in the fact that all 15/15 National Assembly-set indicators were fulfilled with an impressive GDP growth of 7.09%. Macro-economic stability, good control of inflation and positive growth momentum in business and manufacturing have worked to create an attractive investment environment, laying down a solid foundation for the development of economic sectors in general and of the Banking Industry in particular.
Stellar business achievements – Asserted pivotal position
In 2024, VietinBank left a new mark with our robust business achievements, all the more asserting our role as a financially systematically important State-owned commercial bank of Vietnam. We have achieved a sustainable growth of the business scale with a growth rate higher than the average of the peer group while kept on improving the operating performance to fulfill the targets set by the GMS and the SBV with excellence. These achievements not only demonstrate VietinBank’s inherent strengths but our pioneer’s role in supporting the socio-economic development and implementing effectively the policies of the Party and the State. This is a typical example of the stability and profitability potential VietinBank has been bringing to our valued shareholders.
"Dual Transformation" Strategy – sustainable growth and long-lasting value
VietinBank is strongly deploying the strategy of "Dual Transformation – green transition and digital transformation", setting the cornerstone for a sustainable development and creating superior value for the shareholders.
• Digital transformation: With the X01 digital transformation journey, the year 2024 marked a watershed moment as VietinBank fulfilled 45 enabler initiatives, getting ready for an acceleration of comprehensive digitalization. Operationalizing the Digital Factory and using Agile method help shorten the go-to-market preparation of our products, improve our CX and optimize operating performance. These are critical drivers to increase profit and the shareholders’ value in the long run.
• Green transition: VietinBank takes the lead in adopting a "Sustainable Finance Framework" to finance sustainable development projects. An ESG ecosystem has been built, connecting with our partners to provide green financial products and services. These efforts not only demonstrate our social responsibility but also respond to the trend of ESG investing, upgrading our credit rating and attracting the interest of local and international investors.
A vision for 2025 and our commitments to the shareholders
The year 2025 is a key milestone as VietinBank heads for a successful implementation of our development strategy for the 2021 – 2025 period with a vision towards 2030. We set the target of becoming the top modern, multifunctional and efficient bank in Vietnam and the region based on our internal power base and a well-structured development strategy. VietinBank commits to ceaselessly facilitating breakthroughs in our dual transformation journey, contributing to the country’s strong rise and bringing maximum interests and sustainable values to our valued shareholders.
Acknowledgements
The success of VietinBank today is made possible with the valuable companionship of our customers, shareholders and partners. I would like to express my sincere gratitude to all of you with a statement that the ceaseless effort and solidarity of VietinBank’s senior management and employees will continue to be a driving force for VietinBank to reach new heights and meet the expectations of our investors and shareholders.