In addition to participating in the above forums, the company should also participate in sales through famous e-commerce portals such as chodientu.vn or alibaba.com. These are e-commerce portals where online buying and selling is extremely busy and relatively effective. Customers here are mostly customers looking for goods or services, so the company can provide its goods to the right customers.
Second , place advertising banners on popular yellow websites or websites that are ranked high on Google. In this form, it is also necessary to identify potential customers to be able to place banners on appropriate websites, attracting the right customers. For domestic customers, the company's websites can contact to place advertising banners such as vietnamnet.vn, dantri.com, vnexpress.net. Determining international customers needs to be based on market research to learn and contact the most effective websites in placing advertising banners. Websites that can attract international visitors such as: youtube.com, mtvasia.com. However, this form requires very high costs, so it is necessary to have careful research and reasonable investment before applying this form. Promoting through other websites like this helps the company to take advantage of the regular visitors of these websites. It also increases customer satisfaction because they can take advantage of more services from different providers.
Third , free announcements on global search engines other than Google such as: Yahoo, AltaVista,... these tools will help register website addresses, details by category, industry, geographic area,...
Fourth , sponsored advertising at Google or Yahoo (Sponsorship Advertising). This is a concise, intelligent advertising system. When customers type any keyword in the search box, search engines will
Search immediately brings a relevant sponsor to the top of the search results. There are two ways that companies can choose to advertise in this form: pay according to the total number of times the ad is shown (Cost Per Impression) or pay only when customers click on their ad (Cost Per Click). This is a popular form of advertising, highly effective, and immediate.
Maybe you are interested!
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Pre-tax Profit of Bidv Tien Giang in the Period 2011-2015
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At that time, the Branch had to set aside a provision for credit risks, which reduced the Branch's income.
Chart 2.2. Pre-tax profit of BIDV Tien Giang in the period 2011-2015
Unit: Billion VND
140
120
100
80
60
40
20
0
63.3
80.34
89.29
110.08
131.99
2011 2012 2013 2014 2015
Profit before tax
(Source: Report on the implementation of the annual business plan of the General Planning Department of BIDV Tien Giang [24])
However, through chart 2.2, it can be seen that BIDV Tien Giang's profit is still increasing continuously, and its operating efficiency is currently leaking. This is a contribution of non-credit services, and this service segment will be increasingly focused on growth by BIDV Tien Giang to ensure the highest profit safety because credit activities have many potential risks. At the same time, focusing on developing non-credit services is consistent with one of the contents of restructuring the financial activities of credit institutions in the project "Restructuring the system of credit institutions in the period 2011-2015" approved by the Prime Minister in Decision No. 254/QD-TTg dated March 1, 2012 [14]: "Gradually shifting the business model of commercial banks towards reducing dependence on credit activities and increasing income from non-credit services".
2.2. Current status of non-credit service development at BIDV Tien Giang.
2.2.1. BIDV Tien Giang has deployed the development of non-credit services in recent times.
Along with the development of the Head Office, BIDV Tien Giang's products and services are constantly improved and deployed in a diverse manner to ensure provision for many different customer groups in the area: individual customers, corporate customers, and financial institutions. Typical services are as follows: Payment services, treasury services, guarantee services, card services, trade finance, other services: Western Union, insurance commissions, consulting services, foreign exchange derivatives trading, e-banking services,...
2.2.1.1. Payment services:
In accordance with the Prime Minister's Project to promote non-cash payments in Vietnam [15], banks in Tien Giang province have continuously developed payment services to reduce customers' cash usage habits through card services and electronic banking services such as: salary payment through accounts, focusing on developing card acceptance points, developing multi-purpose cards, paying social insurance by transfer, paying bills through banks, etc.
Chart 2.3. Net income from payment services in the period 2011-2015
Unit: Million VND
6000
5000
4000
3000
2000
1000
0
3922 4065
4720 5084 5324
2011 2012 2013 2014 2015
Net income from payment services
(Source: Report on the implementation of the annual business plan of the General Planning Department of BIDV Tien Giang [24])
Along with the technological development of the entire system, BIDV Tien Giang has a payment system with a fairly stable transaction processing speed, bringing many conveniences to customers. The results of observing chart 2.3 show that the income from payment services that the Branch has achieved has grown over the years but the speed is not high and the products are not outstanding compared to other banks. Domestic payment products such as: Online bill payment, electricity bills, water bills, insurance premiums, cable TV bills, telecommunications fees, airline tickets, etc. bring many conveniences to customers. Regarding international payment, this is an indispensable activity for foreign economic activities, BIDV Tien Giang is providing international payment methods for small enterprises producing agriculture, aquatic food and seafood that have credit relationships with banks in industrial parks in Tien Giang province such as: money transfer, collection, L/C payment.
2.2.1.2. Treasury services:
BIDV Tien Giang always focuses on ensuring treasury safety and currency security, always complies with legal regulations, and minimizes risks in operations such as: counting and collecting money from customers, receiving and delivering internal transactions, collecting from the State Bank (SBV) or other credit institutions, receiving ATM funds, bundling money, etc. BIDV Tien Giang's treasury service management department is always fully equipped with modern machinery and equipment such as: money transport vehicles, fire prevention tools, money counters, money detectors, magnifying glasses, etc. to ensure absolute safety in treasury operations, immediately identifying real and fake money and other risks that may affect people and assets of the bank and customers. In addition, implementing regulation 2480/QC dated October 28, 2008 between the State Bank of Tien Giang province and the Provincial Police on coordination in the fight against counterfeit money, in the 3-year review of implementation, BIDV Tien Giang discovered, seized and submitted to the State Bank of Tien Giang province 475 banknotes of various denominations and was commended by the Provincial Police and the State Bank of Tien Giang province [17].
Chart 2.4. Net income from treasury services in the period 2011-2015
Unit: Million VND
350
300
250
200
150
100
50
0
105 122
309 289 279
2011 2012 2013 2014 2015
Net income from treasury services
(Source: Report on the implementation of the annual business plan of the General Planning Department of BIDV Tien Giang [24])
However, as shown in Figure 2.4, income from treasury operations is not high and fluctuates. Specifically, in the period 2011-2013, net income increased and increased most sharply in 2013, then in the period 2013-2015, there was a downward trend. This fluctuation is due to the fact that fees collected from treasury services are often very low and can even be waived to attract customers to use other services.
2.2.1.3. Guarantee and trade finance services:
BIDV Tien Giang, thanks to the advantages of the province and the favorable location of the Branch, has continuously focused on developing income from guarantee services and trade finance.
Chart 2.5. Net income from guarantee and trade finance services in the period 2011-2015
Unit: Million VND
14000
12000
10000
8000
6000
4000
2000
0
5193 5695
2742 3420
8889
3992
11604 12206
5143 5312
2011 2012 2013 2014 2015
Net income from guarantee services Net income from Trade Finance
(Source: Report on the implementation of the annual business plan of the General Planning Department of BIDV Tien Giang [24])
Through chart 2.5, we can see that BIDV Tien Giang's income from guarantee services and trade finance has grown over the years. The reason is: Among BIDV Tien Giang's corporate customers, the construction industry is the industry with the highest proportion of customers after the trading industry, this is a group of customers with potential to develop guarantee services. The second group of customers is corporate customers in the fields of agricultural production, livestock and seafood processing with high import and export turnover in the area.
are the target of trade finance development. In addition, BIDV Tien Giang also focuses on continuously developing these customer groups to increase revenue for many other products and services in the future.
2.2.1.4. Card and POS services:
As a service that BIDV Tien Giang has recently developed strongly, it can be said that this is a very potential market and has the ability to develop even more strongly in the future. Card services with outstanding advantages such as fast payment time, wide payment range, quite safe, effective and suitable for the integration trend and the Project to promote non-cash payments in Vietnam. Cards have become a modern and popular payment tool. BIDV Tien Giang early identified that developing card services is to expand the market to people in society, create capital mobilized from card-opened accounts, contribute to diversifying banking activities, enhance the image of the bank, bring the BIDV Tien Giang brand to people as quickly and easily as possible. BIDV Tien Giang is currently providing card types such as: credit cards (BIDV MasterCard Platinum, BIDV Visa Gold Precious, BIDV Visa Manchester United, BIDV Visa Classic), international debit cards (BIDV Ready Card, BIDV Manu Debit Card), domestic debit cards (BIDV Harmony Card, BIDV eTrans Card, BIDV Moving Card, BIDV-Lingo Co-branded Card, BIDV-Co.opmart Co-branded Card). These cards can be paid via POS/EDC or on the ATM system. In addition, with debit cards, customers can not only withdraw money via ATMs but also perform utilities such as mobile top-up, online payment, money transfer,... through electronic banking services.
In order to attract customers with card services, BIDV Tien Giang has continuously increased the installation of ATMs. As of December 31, 2015, BIDV Tien Giang has 23 ATMs combined with 7 ATMs in the same system of BIDV My Tho, so the number of ATMs is quite large, especially in the center of My Tho City, but is not yet fully present in the districts. Basic services on ATMs such as withdrawing money, checking balances, printing short statements,... BIDV ATMs accept cards from banks in the system.
Banknetvn and Smartlink, cards branded by international card organizations Union Pay (CUP), VISA, MasterCard and cards of banks in the Asian Payment Network. From here, cardholders can make bill payments for themselves or others at ATMs, by simply entering the subscriber number or customer code, booking code that service providers notify and make bill payments.
Chart 2.6. Net income from card services in the period 2011-2015
Unit: Million VND
3500
3000
2500
2000
1500
1000
500
0
687
1023
1547
2267
3104
2011 2012 2013 2014 2015
Net income from card services
(Source: Report on the implementation of the annual business plan of the General Planning Department of BIDV Tien Giang [24])
Through chart 2.6, it can be seen that BIDV Tien Giang's card service income is constantly growing because the Branch focuses on developing businesses operating in industrial parks, which are the source of customers for salary payment products, ATMs, BSMS. Specifically, there are companies such as Freeview, Quang Viet, Dai Thanh, which are businesses with a large number of card openings at the Branch, contributing to the increase in card service fees [25].
Table 2.6. Number of ATMs and POS machines in 2015 of some banks in Tien Giang area.
Unit: Machine
STT
Bank name
Number of ATMs
Cumulative number of ATM cards
POS machine
1
BIDV Tien Giang
23
97,095
22
2
BIDV My Tho
7
21,325
0
3
Agribank Tien Giang
29
115,743
77
4
Vietinbank Tien Giang
16
100,052
54
5
Dong A Tien Giang
26
97,536
11
6
Sacombank Tien Giang
24
88,513
27
7
Vietcombank Tien Giang
15
61,607
96
8
Vietinbank - Tay Tien Giang Branch
6
46,042
38
(Source: 2015 Banking Activity Data Report of the General and Internal Control Department of the Provincial State Bank [21])
Through table 2.6, the author finds that the number of ATMs of BIDV Tien Giang is not much, ranking fourth after Agribank Tien Giang, Dong A Tien Giang, Sacombank Tien Giang. The number of POS machines of BIDV Tien Giang is very small, only higher than Dong A Tien Giang and BIDV My Tho in the initial stages of merging the BIDV system. Besides, BIDV Tien Giang has a high number of cards increasing over the years (table 2.7) but the cumulative number of cards issued up to December 31, 2015 is still relatively low compared to Agribank, Vietcombank, Dong A (table 2.6).
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Online Newspaper Business Model in Vietnam: Current Situation and Solutions - 2 -
Business registration under Vietnam Enterprise Law - Current situation and some recommendations - 1 -
Recruitment of civil servants at the People's Committee of Luc Nam district, Bac Giang province - Current situation and solutions - 9 -
Current Risk Situation in Card Business Activities
Fifth , advertise through Blog, My Space or Facebook. This is a form of mass media that connects individuals and is increasingly popular. Companies should set up one or more blogs or spaces to find customers. Businesses simply need to create a profile. Facebook or Yahoo360 or Myspace will allow businesses to interact with their customers in a familiar and trustworthy environment. Businesses can increase their chances of finding new customers by constantly updating their personal pages to connect with more people.
Sixth , conduct an Affiliate Program. This program is essentially a method of building an online sales agency or association based on a commission percentage agreement. Advantages

The advantage of this method is that the company only pays when a sale is made. Typically, affiliate programs pay commissions based on sales or traffic to the website. Most affiliate programs pay a percentage of sales, while some pay a flat rate. These programs can operate on a relatively large scale because they have the ability to do affiliate marketing through multiple levels. Therefore, the potential for attracting potential customers from affiliate websites is huge.
3.3.2 Website Optimization
To boost online sales, website promotion must always go hand in hand with website optimization. Website optimization is
Measures to improve the friendliness of the website to users, also known as website usability, and improve the ranking of the website in search engines (Search Engine Optimization). Therefore, to optimize their website, the company needs to carefully research the standards of an optimized website. We can divide it into 2 goals to have specific measures.
a/ Optimize the website by improving the website's user-friendliness (userbility)
First of all , a website that is popular with users must first of all be a website with fast loading speed. Website speed has a significant impact on user loyalty. A slow website will definitely lose revenue. Therefore, it is necessary to create a fast loading homepage on the website.
Second , it should be easy for potential customers to find what they are looking for. Easy navigation is essential to retaining potential customers. The home page should be rich in links that give visitors an overview of the content and options on the site. The home page should be user-oriented with direct links to the most important parts of the site: tours offered, destination information, company information, etc. The most competitive keywords should be found on the home page or a page linked directly from the home page. Be sure to link to topic pages directly from the home page and link to the home page from every page on the site.
Third , make sure your website pages are easy to read. Use color and spacing to make your website easier to read. For example, dark text on a light background, using color appropriately also makes the screen easier to look at. Avoid text on dark backgrounds and too much detail. Separate long, complex pages into separate pages that are easy to read and find information.
Fourth , create a website that makes it easy for customers to contact the company. Provide a phone number, email address, and website address on every page of the website. This makes it easier for customers to return to the website.
Fifth , integrate a search engine on the website to meet other search needs of customers. You can add a Google search or Yahoo search toolbar right on the homepage. In addition, a website can add many other utilities for visitors such as maps, dictionaries, etc.
b/ Improve website ranking in search engines (SEO – Search Engine Optimization)
Optimizing a website by improving its user-friendliness is a method of improving the website's ranking on search engines. In addition, to optimize the search engines' search for its website, the company has a number of other measures.
First , the website needs to be optimized to expose all content to search engines. Businesses should avoid using only the company name for small pages to increase the chance of being known by users, because they often use keywords according to the product name to find what they need, instead of typing the name of the distribution company. Keywords describe the page briefly but must be detailed and avoid confusion with related products.
Second , all parts of the site also need to be closely linked together so that search engines can find specific pages, not just the home page because "they are too general and often do not appear in results if users search by product name" [Todd Friesen, Director of search marketing firm Range Online Media (USA), vnexpress.net]
Third , pay attention to programming to reduce the weight of the website. “Google will not pay attention to pages over 100Kb. The website must be small, neat, and have light code to
“It won’t die if it takes too long to download” [Todd Friesen, Director of search marketing firm Range Online Media (USA), vnexpress.net]
Fourth , use keywords correctly when registering with search engines. Using keywords is strategically important to the entire plan to improve search engine rankings. The keyword strategy depends on the process of registering a website with search engines, not on this process. Using keywords is mainly to help spiders, robots and webcrawlers of search engines find the webpage on the website. Using keywords correctly must go through a two-step process. First, you must choose the right keywords that visitors often use to find the company's products, then use these keywords to register with search engines. So how to find the most effective keywords?
Select keywords (keyword tags) : First, you must find the words that introduce the company's products and the words that potential customers often use when they search for the company's products through search engines. Then edit the list so that it has no more than 20 words and phrases, making sure that the editing process reduces as many duplicate words as possible because search engines do not allow the same keyword to be repeated more than 3 times. Improving the website's position on search engines with specific keywords like your company name is not difficult because there are very few companies with the same name as your company, but if customers already remember the company name and website address, they do not need to find you through search engines. The real difficulty is how to improve the website's position with general keywords that apply to the field you are operating in as well as the products you sell.
Organize keywords and set a title tag : Once you have established your keywords, pick the top three or four words and set your page title accordingly. Title
The title tag is the part of the web page that will appear in the top title line of the web browser. Keep the title tag to about 60 to 70 characters. Any longer and the title will be truncated when the search engine indexes it. The title tag should be descriptive and focus on the key aspects of your business as reflected by your keywords.
Write a description (Description tag) : The description of the website will be placed in what is called a metatag description, which is placed in the “HEAD” area of the HTML. The website description can be in an explanatory manner, no more than 30 words, and should contain as many of the top 10 keywords as possible.
Choosing and placing keywords during the registration process with search engines is extremely important because it directly affects the ranking of the company's website on that search engine.
Fifth , increase links to the website. As analyzed and provided solutions in the online marketing section, there are many ways to increase links to the website such as: participating in directory websites, information portals, trading floors, forums, classifieds websites, link exchanges, etc.
Sixth , the content of the website must be updated regularly because search engines appreciate websites that are regularly maintained and have a long operating time. Therefore, the company needs to actively update information, images of products, support services or related information on its website.
Website optimization is an extremely important issue in promoting online sales. Therefore, the company needs to further promote the work of perfecting the website to attract visitors and search engines.
3.3.3. Complete and effectively use information systems
In today's technological era, information is considered a commodity, a business object and the current market economy is an informationized economy. To achieve success in business in this condition,
International competition is increasingly fierce, businesses need a lot of accurate information about supply and demand of goods market, about technology, about buyers, about competitors,... In addition, businesses also need information about the success or failure experience of other businesses in the country and the world, need to know information about changes in laws, economic policies of countries,...
Therefore, the scientific organization of internal information systems must ensure that it meets the needs of business information while also ensuring that it reduces many business costs for the process of collecting, processing, storing and using information. Due to the increasing demand for information, this task is very important in current business administration. At the same time, the information system must always be updated, in line with the development trends of domestic and international systems. In general, online business and online sales in particular, the most important factor is to build a reasonable information system, including: product information system and customer information system. This work must ensure the following requirements:
The first is to always be complete, accurate and timely. The task of sales is to provide customers with complete and detailed information that is convincing enough to buy the product. In normal cases, direct contact and convincing customers to buy a travel program - an intangible commodity - is already very difficult, so selling online is many times more difficult. Therefore, the role of administrators and related departments in synthesizing, exchanging, supplementing and updating information regularly is very important, especially paying attention to the quality of the information.
Second , we must always ensure the lowest cost of business, collection, processing, exploitation and use of information. The information system must be suitable for the level of
IT level of the company's staff in general, directly related departments in particular and gradually integrate with the international community.
Competition is increasingly fierce, the business that exploits customer information as well as competitor information well will win this competition.
In current business, businesses should keep records of past customers, it helps a lot in researching the needs and preferences of customers, the company can offer products and services that meet the requirements of customers. Then customers will have a very good impression of the company and will create a friendly relationship between customers and the company, they are the ones who bring the reputation of the company to a higher level.
To obtain this information, businesses need to conduct direct research on customer needs through a survey that the tour guide will give to customers after the tour ends. Organize advertising of the company's products and images online or participate in fairs, conferences... The company's publications must be designed to be attractive, rich and aimed at the right target market to avoid waste.
An extremely useful application for companies in capturing and analyzing information is Google Analytics. This is a program provided by Google, which is an installation and information sharing program. This program will provide companies with more than 80 different types of reports, detailed statistics about website visitors such as what they are interested in, what difficulties they encounter when using, what browser they use when visiting the website, etc. This program not only helps companies collect useful information about visitors, understand their needs, but also helps companies have the right direction in developing website content and services in the process of optimizing their website.

![Pre-tax Profit of Bidv Tien Giang in the Period 2011-2015
zt2i3t4l5ee
zt2a3gsnon-credit services, joint stock commercial bank
zt2a3ge
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At that time, the Branch had to set aside a provision for credit risks, which reduced the Branchs income.
Chart 2.2. Pre-tax profit of BIDV Tien Giang in the period 2011-2015
Unit: Billion VND
140
120
100
80
60
40
20
0
63.3
80.34
89.29
110.08
131.99
2011 2012 2013 2014 2015
Profit before tax
(Source: Report on the implementation of the annual business plan of the General Planning Department of BIDV Tien Giang [24])
However, through chart 2.2, it can be seen that BIDV Tien Giangs profit is still increasing continuously, and its operating efficiency is currently leaking. This is a contribution of non-credit services, and this service segment will be increasingly focused on growth by BIDV Tien Giang to ensure the highest profit safety because credit activities have many potential risks. At the same time, focusing on developing non-credit services is consistent with one of the contents of restructuring the financial activities of credit institutions in the project Restructuring the system of credit institutions in the period 2011-2015 approved by the Prime Minister in Decision No. 254/QD-TTg dated March 1, 2012 [14]: Gradually shifting the business model of commercial banks towards reducing dependence on credit activities and increasing income from non-credit services.
2.2. Current status of non-credit service development at BIDV Tien Giang.
2.2.1. BIDV Tien Giang has deployed the development of non-credit services in recent times.
Along with the development of the Head Office, BIDV Tien Giangs products and services are constantly improved and deployed in a diverse manner to ensure provision for many different customer groups in the area: individual customers, corporate customers, and financial institutions. Typical services are as follows: Payment services, treasury services, guarantee services, card services, trade finance, other services: Western Union, insurance commissions, consulting services, foreign exchange derivatives trading, e-banking services,...
2.2.1.1. Payment services:
In accordance with the Prime Ministers Project to promote non-cash payments in Vietnam [15], banks in Tien Giang province have continuously developed payment services to reduce customers cash usage habits through card services and electronic banking services such as: salary payment through accounts, focusing on developing card acceptance points, developing multi-purpose cards, paying social insurance by transfer, paying bills through banks, etc.
Chart 2.3. Net income from payment services in the period 2011-2015
Unit: Million VND
6000
5000
4000
3000
2000
1000
0
3922 4065
4720 5084 5324
2011 2012 2013 2014 2015
Net income from payment services
(Source: Report on the implementation of the annual business plan of the General Planning Department of BIDV Tien Giang [24])
Along with the technological development of the entire system, BIDV Tien Giang has a payment system with a fairly stable transaction processing speed, bringing many conveniences to customers. The results of observing chart 2.3 show that the income from payment services that the Branch has achieved has grown over the years but the speed is not high and the products are not outstanding compared to other banks. Domestic payment products such as: Online bill payment, electricity bills, water bills, insurance premiums, cable TV bills, telecommunications fees, airline tickets, etc. bring many conveniences to customers. Regarding international payment, this is an indispensable activity for foreign economic activities, BIDV Tien Giang is providing international payment methods for small enterprises producing agriculture, aquatic food and seafood that have credit relationships with banks in industrial parks in Tien Giang province such as: money transfer, collection, L/C payment.
2.2.1.2. Treasury services:
BIDV Tien Giang always focuses on ensuring treasury safety and currency security, always complies with legal regulations, and minimizes risks in operations such as: counting and collecting money from customers, receiving and delivering internal transactions, collecting from the State Bank (SBV) or other credit institutions, receiving ATM funds, bundling money, etc. BIDV Tien Giangs treasury service management department is always fully equipped with modern machinery and equipment such as: money transport vehicles, fire prevention tools, money counters, money detectors, magnifying glasses, etc. to ensure absolute safety in treasury operations, immediately identifying real and fake money and other risks that may affect people and assets of the bank and customers. In addition, implementing regulation 2480/QC dated October 28, 2008 between the State Bank of Tien Giang province and the Provincial Police on coordination in the fight against counterfeit money, in the 3-year review of implementation, BIDV Tien Giang discovered, seized and submitted to the State Bank of Tien Giang province 475 banknotes of various denominations and was commended by the Provincial Police and the State Bank of Tien Giang province [17].
Chart 2.4. Net income from treasury services in the period 2011-2015
Unit: Million VND
350
300
250
200
150
100
50
0
105 122
309 289 279
2011 2012 2013 2014 2015
Net income from treasury services
(Source: Report on the implementation of the annual business plan of the General Planning Department of BIDV Tien Giang [24])
However, as shown in Figure 2.4, income from treasury operations is not high and fluctuates. Specifically, in the period 2011-2013, net income increased and increased most sharply in 2013, then in the period 2013-2015, there was a downward trend. This fluctuation is due to the fact that fees collected from treasury services are often very low and can even be waived to attract customers to use other services.
2.2.1.3. Guarantee and trade finance services:
BIDV Tien Giang, thanks to the advantages of the province and the favorable location of the Branch, has continuously focused on developing income from guarantee services and trade finance.
Chart 2.5. Net income from guarantee and trade finance services in the period 2011-2015
Unit: Million VND
14000
12000
10000
8000
6000
4000
2000
0
5193 5695
2742 3420
8889
3992
11604 12206
5143 5312
2011 2012 2013 2014 2015
Net income from guarantee services Net income from Trade Finance
(Source: Report on the implementation of the annual business plan of the General Planning Department of BIDV Tien Giang [24])
Through chart 2.5, we can see that BIDV Tien Giangs income from guarantee services and trade finance has grown over the years. The reason is: Among BIDV Tien Giangs corporate customers, the construction industry is the industry with the highest proportion of customers after the trading industry, this is a group of customers with potential to develop guarantee services. The second group of customers is corporate customers in the fields of agricultural production, livestock and seafood processing with high import and export turnover in the area.
are the target of trade finance development. In addition, BIDV Tien Giang also focuses on continuously developing these customer groups to increase revenue for many other products and services in the future.
2.2.1.4. Card and POS services:
As a service that BIDV Tien Giang has recently developed strongly, it can be said that this is a very potential market and has the ability to develop even more strongly in the future. Card services with outstanding advantages such as fast payment time, wide payment range, quite safe, effective and suitable for the integration trend and the Project to promote non-cash payments in Vietnam. Cards have become a modern and popular payment tool. BIDV Tien Giang early identified that developing card services is to expand the market to people in society, create capital mobilized from card-opened accounts, contribute to diversifying banking activities, enhance the image of the bank, bring the BIDV Tien Giang brand to people as quickly and easily as possible. BIDV Tien Giang is currently providing card types such as: credit cards (BIDV MasterCard Platinum, BIDV Visa Gold Precious, BIDV Visa Manchester United, BIDV Visa Classic), international debit cards (BIDV Ready Card, BIDV Manu Debit Card), domestic debit cards (BIDV Harmony Card, BIDV eTrans Card, BIDV Moving Card, BIDV-Lingo Co-branded Card, BIDV-Co.opmart Co-branded Card). These cards can be paid via POS/EDC or on the ATM system. In addition, with debit cards, customers can not only withdraw money via ATMs but also perform utilities such as mobile top-up, online payment, money transfer,... through electronic banking services.
In order to attract customers with card services, BIDV Tien Giang has continuously increased the installation of ATMs. As of December 31, 2015, BIDV Tien Giang has 23 ATMs combined with 7 ATMs in the same system of BIDV My Tho, so the number of ATMs is quite large, especially in the center of My Tho City, but is not yet fully present in the districts. Basic services on ATMs such as withdrawing money, checking balances, printing short statements,... BIDV ATMs accept cards from banks in the system.
Banknetvn and Smartlink, cards branded by international card organizations Union Pay (CUP), VISA, MasterCard and cards of banks in the Asian Payment Network. From here, cardholders can make bill payments for themselves or others at ATMs, by simply entering the subscriber number or customer code, booking code that service providers notify and make bill payments.
Chart 2.6. Net income from card services in the period 2011-2015
Unit: Million VND
3500
3000
2500
2000
1500
1000
500
0
687
1023
1547
2267
3104
2011 2012 2013 2014 2015
Net income from card services
(Source: Report on the implementation of the annual business plan of the General Planning Department of BIDV Tien Giang [24])
Through chart 2.6, it can be seen that BIDV Tien Giangs card service income is constantly growing because the Branch focuses on developing businesses operating in industrial parks, which are the source of customers for salary payment products, ATMs, BSMS. Specifically, there are companies such as Freeview, Quang Viet, Dai Thanh, which are businesses with a large number of card openings at the Branch, contributing to the increase in card service fees [25].
Table 2.6. Number of ATMs and POS machines in 2015 of some banks in Tien Giang area.
Unit: Machine
STT
Bank name
Number of ATMs
Cumulative number of ATM cards
POS machine
1
BIDV Tien Giang
23
97,095
22
2
BIDV My Tho
7
21,325
0
3
Agribank Tien Giang
29
115,743
77
4
Vietinbank Tien Giang
16
100,052
54
5
Dong A Tien Giang
26
97,536
11
6
Sacombank Tien Giang
24
88,513
27
7
Vietcombank Tien Giang
15
61,607
96
8
Vietinbank - Tay Tien Giang Branch
6
46,042
38
(Source: 2015 Banking Activity Data Report of the General and Internal Control Department of the Provincial State Bank [21])
Through table 2.6, the author finds that the number of ATMs of BIDV Tien Giang is not much, ranking fourth after Agribank Tien Giang, Dong A Tien Giang, Sacombank Tien Giang. The number of POS machines of BIDV Tien Giang is very small, only higher than Dong A Tien Giang and BIDV My Tho in the initial stages of merging the BIDV system. Besides, BIDV Tien Giang has a high number of cards increasing over the years (table 2.7) but the cumulative number of cards issued up to December 31, 2015 is still relatively low compared to Agribank, Vietcombank, Dong A (table 2.6).
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