Olay Natural White's more than 7,600 fans on Facebook is not too impressive, especially for a product of a famous brand like Olay. This can be made clearer when comparing Olay's Fan Page with the Fan Page of OMIO - another cosmetic brand quite popular in Vietnam - which has more than 14,111 fans, which is nearly twice as many as Olay Natural White 58 .
In general, in Vietnam today, Olay is one of the brands that is quick to use social media marketing with certain efforts and successes. However, to be truly effective, Olay must invest more time and effort in this type of marketing.
3.2.2.2. Social media marketing activities for Nestle's Nestcafé brand in Vietnam
a) General introduction about Nestlé Vietnam company and Nestcafé brand
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Evaluation of Online Marketing Activities of Philip Entertainment Media and Entertainment Company Limited - 1 -
Evaluation of Online Marketing Activities of Philip Entertainment Media and Entertainment Company Limited - 2 -
Pre-tax Profit of Bidv Tien Giang in the Period 2011-2015
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zt2a3gsnon-credit services, joint stock commercial bank
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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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Managing child care and education activities at the Center for Comprehensive Social Protection and Social Work of Bac Kan province - 16 -
Organizational Structure of Social Relief Activities in Vietnam.
Nestlé is the world's leading nutritional food company. In 1995, Nestlé Vietnam Co., Ltd. (100% foreign investment) was established, under Nestlé SA Group. Also in 1995, Nestlé was licensed to establish Dong Nai Factory, specializing in the production of Nescafé instant coffee, Nestea instant tea and packaging of Milo drinks, Nestlé nutritional cereal powder, Maggi seasoning powder and sauce, Coffee-Mate cream powder. Nestlé Vietnam Company is headquartered in Ho Chi Minh City and has a business office in Hanoi. Nestlé has a Dong Nai factory in the South. Currently, Nestlé Vietnam has a total of 1,000 employees.
Nestlé products are very diverse, from milk, tea to coffee and are for many different age groups. Among them is Nestcafé coffee. This is the world's leading instant coffee brand with a 70-year history and is loved by many Vietnamese people 59 .
58 Facebook (2010), http://www.facebook.com/home.php?#!/omiocosmetic?ref=ts , April 23, 2010.
59 Nestlé Vietnam (2010), http://www.nestle.com.vn/ , March 28, 2010.
b) Social media marketing activities for Nestcafé brand of Nestlé Vietnam company
Nestcafé's current social media marketing activities mainly focus on the campaign to build the Let's Talk forum - a forum mainly for young people to discuss and express their personal thoughts on issues such as marriage, love, entertainment, society, etc.
It can be seen from the name of the campaign that the main social media tool that Nestcafé uses is the forum - a technology application that, although not as highly connected and interactive as community networks, is still quite popular today. The Let's Talk Forum built by Nestcafé started operating in August 2009. Let's Talk was built with the aim of creating a forum, a healthy and creative playground for all Vietnamese people at home and abroad. Nestcafé has the ambition to turn Let's Talk into a common community where everyone can discuss and share all thoughts and views on life and people to help each individual expand their knowledge, have the opportunity to exchange, connect and together build a better life and community. The main categories on the Cung Chat forum are about Friends, Love, Work, Career, Education, Marriage - Family, Entertainment, Society and the newly added topic is Hanoi 1000 years. In addition, coming to the forum, members also have the opportunity to chat, discuss, and interact online with some famous people such as Ho Hoai Anh, Hien Thuc and some current Hot Bloggers in Vietnam such as Moi Do, Giay Do, Dementor, Trang Ha, Yen Dieu....
In general, the features of Cung Chat are not different from other forums. To join the forum, members need to register and provide some basic information. After registering, members have become part of the Cung Chat community. They can participate in expressing their thoughts, voting for their favorite topics or even creating their own topics that interest them. In addition, on the forum, members can also participate in small poll surveys similar to the form mentioned in the example of social media marketing activities for the Olay Natural White Cream product above.
To further support this forum, Nestcafé also uses Facebook, creating a group on this social network also named Cung Tro Chuyen. Facebook users who join this group can also discuss similar topics as on the forum. In fact, this group was created on Facebook mainly to promote Nestcafé's Cung Tro Chuyen forum to the Facebook user community.
c) Evaluation of social media marketing activities for Nestcafé brand of Nestlé Vietnam company
Overall, the Chat Together forum with certain advantages has recognized Nestcafe's efforts in reaching its customers, specifically young customers.
First, the content of the forum initially attracted the participation of members. The hottest topics had thousands of views and discussions. For example, the hottest topic on the forum was “Is college the only way to success?” which attracted 15,366 views and 1,090 discussions 60 .
The forum interface is also an advantage recognized by many young people. Cung Chat is built with a prominent and eye-catching interface in the main red color of Nestcafe.
In particular, Nestcafe also cooperates with "Vietnamese stars" as mentioned above. This is also a great advantage to attract forum participants.
Another advantage of Cung Tro Chat is that the forum has organized many practical ( offline ) activities to contribute to bringing social media marketing activities from online to real life. For example, the writing contest "Cung Tro Chat with Nestcafé", talks with famous people such as: psychological counselor Dinh Doan, Nguyen Cong Vinh, Ly Thi Mai, designers Ha Linh Thu and Ngo Thai Uyen, ... The talks were held in turn at universities, industrial parks and cultural houses nationwide, creating for young people a useful playground and the opportunity to interact with famous people.
60 Let's Chat (2010), http://www.cungtrochuyen.com/ , April 23, 2010.
With the above advantages, the result is that after nearly 8 months of operation, as of April 23, 2010, the forum has attracted 14,332 members, of which 13,861 are active members, accounting for about 97%. With 9 fixed topics, there are currently 28,165 sub-topics created by the management board as well as participating members. Thus, from the first day of operation in August 2009, on average, the forum has had about 60 new members and 117 new topics created per day. These are the
Encouraging statistics for Chat Together 60 .
Besides the advantages that have been achieved, Nestcafé's Chat Together forum still has many weaknesses. Specifically as follows:
First of all, as an online forum for young people, Cung Chat is at risk of becoming boring in terms of content over time. Some topics on the forum are currently considered diluted and bland, even quite useless, such as "Should I love my best friend's friend?"; "Should I love my best friend's sister?" and "Do you think loneliness and solitude are the same?"... In the short term, such content can still attract the attention of a certain number of members, but if in the long term, the forum is still flooded with such content, Cung Chat is very likely to be forgotten.
Recently, there have been comments criticizing the forum itself with language and words that are not in accordance with Vietnamese customs and traditions, or some members taking advantage of the forum to advertise their products and services. These phenomena have caused a lot of negative reactions from many members.
In addition, in terms of technology, Cung Chat is still too simple. The interaction between members is limited to the internal scope of the forum. Meanwhile, one of the great advantages of social media tools is the high interaction between users, often not only within an online community but also between many different online communities. Nestcafé created a group on Facebook to support Cung Chat, but the forum itself does not have any link to this group.
To see the above weaknesses more clearly, we can compare Cung Chat with Pepsi We Inspire - an online community newly established by Pepsi.
launched in 2010 and has many similarities with Cung Chat. Pepsi We Inspire is a place for African women to share stories that inspire them in life. Although only targeting a small customer segment, Pepsi has built this online community very carefully, with in-depth content, ease of use and high connectivity with Facebook. Users only need a Facebook account to be able to use Pepsi We Inspire. To promote this website, Pepsi's marketing experts also created additional accounts on Facebook, Twitter & Youtube under the name Pepsi We Inspire. These are all experiences that Nestlé Vietnam needs to learn from Pepsi if it wants Cung Chat to be more successful.
*
The emergence of web 2.0 technology and modern tools capable of wireless Internet connection as well as the trust in word-of-mouth marketing and the need for consumers to connect and share information in the community are the basis for the formation and development of social media marketing. Nowadays, more and more experts trust and choose this type of marketing. Therefore, many interesting examples of the use of social media in marketing activities can be found around the world.
In Vietnam, social media marketing has only been introduced for a short time. Besides the difficulties encountered from the legal system, infrastructure and information technology, in general, this type of marketing is gradually finding its place. Factors such as the increasing demand for Internet use and participation in online communities of the people as well as the young population structure have brought many advantages for the development of social media marketing in Vietnam.
CHAPTER III: SOME SOLUTIONS TO DEVELOP SOCIAL MEDIA MARKETING ACTIVITIES IN VIETNAM
1. Factors affecting social media activities and social media marketing in Vietnam in the future
1.1. The trend of trust in word-of-mouth marketing continues to increase
From the early 90s when advertising first appeared in Vietnam until the past few years, it is probably not wrong to say that Vietnamese people still have a "strong belief" in what appears in advertisements. Many people even enjoy waiting to see advertisements. However, over time, people's lives have developed more and more, and the opportunity to access mass media has also increased. The phenomenon of advertising appearing with increasing frequency from newspapers, television to banners, posters, and flyers flooding the streets sometimes causes negative feelings for consumers. Meanwhile, recommendations from family, friends, and acquaintances have often been highly appreciated by consumers in recent times and this phenomenon still tends to develop in the future. In addition, it is also necessary to mention an important characteristic of Vietnamese people's personality: crowd mentality. When shopping and consuming, Vietnamese people are often influenced by the thought: " If friends use it, colleagues use it, then I will use it too ". This way of thinking has existed for a long time and will not change in the near future. The results from the actual survey are clear evidence for the above statements. Specifically, among the survey subjects who responded that they participated in online communities, the majority (76%) said that they had received information shared about products and services from their friends and acquaintances through these online communities, 55% said that their purchasing decisions were influenced by the above shared information.
Thus, it is clear that in the future, word-of-mouth marketing will still have a solid position for businesses in Vietnam, in which using social media to effectively leverage word-of-mouth in marketing activities is increasingly proving to be a reasonable choice.
1.2. The trend of using the Internet in general and online communities such as social networks and user sharing networks continues to grow.
According to statistics from the market research company TNS, if in 2006, Vietnamese people spent 295 minutes watching TV and 22 minutes reading online newspapers every day, by 2009, the time spent watching TV by Vietnamese people had decreased by 1 hour to 233 minutes/day while the time spent reading online newspapers increased to 43 minutes/day 61 . According to the chart of Internet growth rates of some countries and territories in Asia from 2000 to 2009 of the Internet World Stats website in figure 9 below, Vietnam is one of the countries with a spectacular Internet growth rate (10.882%) 62 . All of these statistics are evidence of the increasing trend of Internet usage by Vietnamese people in the future.

Figure 9: Internet growth chart in some Asian countries (2000 – 2009) 62
61 TNS, quoted by Phuong Khanh (2009), Vietnam Marketing Magazine No. 61 , Military Printing Factory 2,
Advertisement has changed , page 41 .
62 Internet World Stats (2010), http://www.internetworldstats.com/ , April 1, 2010.
It is not too difficult to explain this trend when the Internet today has penetrated into almost every corner of daily life. Especially in big cities like Hanoi or Ho Chi Minh City, with the increasing quality of life, people not only access the Internet through desktop computers but also through laptops or smartphones such as iPhone, Blackberry, ...
Along with the increasing trend of Internet usage, the trend of participating in online communities such as social networks and people's sharing networks has also developed. In recent times, the massive appearance of social networks has demonstrated the increasing need for sharing and connection of Vietnamese people through online communities. According to actual survey results, among those who are not currently participating in any online community, up to 92% said they plan to participate in the near future. In particular, Vietnamese people are also starting to tend to consult shopping information through these online communities. Specifically, according to the actual survey results, while currently only 45% of respondents said that one of the purposes they participate in social networks is to learn about products and services, up to 71% responded that in the near future they plan to refer to information from online communities when making purchasing decisions.
In summary, the two trends analyzed above are considered advantages for the development of social media marketing in Vietnam. In the future, businesses in Vietnam who want to try their hand at social media marketing need to clearly understand the impact of the above trends on this type of marketing and how to take advantage of them in specific campaigns as well as in their business's long-term social media marketing strategy.
2. Some key solutions to develop social media marketing activities in Vietnam
2.1. Solutions from the business side
Using social media marketing in business practice requires a deep understanding as well as the ability to learn quickly from the business to



![Pre-tax Profit of Bidv Tien Giang in the Period 2011-2015
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zt2a3gsnon-credit services, joint stock commercial bank
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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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