Bringing the brand of Hanoitourist Travel Company and its products to all people in Hanoi and neighboring provinces. Since its establishment, Hanoitourist Travel Company has clearly defined the goal of "Becoming the number 1 travel company in Hanoi", so this is the first and most important goal of the Company's promotional activities.
Mixed promotion always needs new activities to find new customers, attract more customers from competitors. This is necessary to increase the Company's market share in Hanoi.
In its communication activities, Hanoitourist Travel Company always emphasizes the product's differences. At different times, factors in the business environment change, so to successfully complete the above goals, the Company often builds specific plans for each year.
- Message design
Respect and apply the principles to the maximum in the process of designing messages. The messages of Hanoitourist Travel Company are always creative. First of all, we must mention the message "Hanoi tourist - professional travel organizer" which was proposed from the early days of establishment. This message is the guideline for the Company's activities, striving to achieve professionalism in work, creating its own class and brand.
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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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Measure 4: Make Tools and Toys to Use in Children's Play Activities -
Situation of Spending on Tourism Promotion Activities -
Current Status of Quality and Activities to Improve the Quality of Tour Guides of Hanoitourist Travel Company -
Current Status of Teachers Implementing Methods of Using Materials in Organizing Activities to Develop Skills for 5-6 Year Old Preschool Children
For customers, when reading the message, they will feel like they are being reminded of a brand, creating trust for customers to come to when they have a need.
For each promotion program, the Company creates a separate message. The promotion program for spring 2010 has the following message: "Spring travel around the world, win diamonds".
The message of the 2010 summer tour promotion program: “Summer tour is bustling, winning a car is so cool”. Reading the message, customers will immediately see the benefits they get when participating in the program.
In the promotional program on the occasion of Hanoitourist Travel Company launching an online mobile phone sales network, there is a message "Mobile phone - click now to receive rewards" - a special gift for the first 1000 customers to book a tour from a mobile phone.
Not only carrying the general brand messages, Hanoitourist Travel Company also regularly creates separate messages for each product. A typical example is the summer tour promotion program for individual customers in 2010: "Buy a good tour - receive gifts from Hanoitouris".
- In terms of content: All of the above messages highlight benefits for customers.
- Message structure: short, concise, easy to remember, easy to understand.
- Message format: looking at the flyers of Hanoitourist Travel Company, you can see the liveliness and attractiveness, from the choice of images, symbols and color coordination.
Depending on the purpose of the message, the Company will arrange the appropriate location.
- Select communication channel
Currently, the Company has not really diversified its promotional means but only focuses on direct marketing and certain advertising methods. Although these methods have brought success, to be more successful in the future, before the WTO (World Trade Organization), the Company still has many issues to implement.
- Build a budget for the communication program
The company chooses the method of building based on the percentage of revenue with the general rate for marketing activities being 5% and promotion activities being 2%. This rate has been maintained for the past 2 years and it is enough to serve the company's promotion activities.
- Evaluate and manage communication activities
After each communication program, the Company has a summary and detailed assessment of the number of people who know and remember the communication program the Company has implemented, their comments on the message and the number of products consumed as well as total revenue. On that basis, the Company will have a plan to adjust accordingly.
Viet Dan Tourism Company Limited
- Target customers: Danish and Australian customers.
- The goal of communication is to promote the brand, increase website traffic, develop customer interaction, and reach customers directly.
- Message design: From the idea of wanting to provide tourists with a new approach to Vietnam tourism, the Company's Board of Directors decided to name the brand Viet Dan Travel (from the Vietnam - Denmark relationship, wanting to raise it to a new level as an extension of European travel agents to Vietnam). And the message the Company wants to convey is "Lifting dreams".
- Choose communication channels: Social media, google adwords.
- Build a budget for the communication program: On average, the company spends 20 million per month on offline marketing (flyers, brochures, printing the company's product sets to give to customers, customer gifts such as hats, bags...) and 30 million on online marketing (google adwords, social media...)
- Evaluation and management of communication activities: Evaluation criteria:
+ Website traffic;
+ Number of reviews, number of likes on social sites such as Facebook, Instagram, Twitter...
+ Number of customer bookings sent directly to the Company's email box.
+ Company ranking on Google search results.
Management: The company has a marketing department that will monthly check and report on the results of each promotional activity so that the Board of Directors and related departments can synthesize, analyze and come up with more suitable plans/strategies.
Youth Solutions Travel and Media Company Limited - PYS
Travel
- Identify target customers : Young customers with income
average, between 18 - 35 years old
- Identify the target audience for communication as young people in Hanoi and neighboring provinces to advertise the Company's products seasonally.
- Message design:
Each season represents a tourism product, so the Company changes its marketing messages seasonally on the website, Facebook, and visual media, and logo. Specifically: Spring is pictures of Moc Chau in the white mustard flower season. Summer is the paradise of Co To. Autumn is Mu Cang Chai in the pouring water season, Ha Giang in the ripe rice season. Winter is the image of Ha Giang in the buckwheat flower season.
Each message, logo image, email signature… is designed according to the theme of the season.
- Choosing communication channels: online, website, facebook and advertising on google are the main channels that bring customers to PYS.
- Build a budget for the communication program: The budget allocated for advertising is usually 10 - 20% of the total tour profit. This budget is invested in Google advertising, running ads, and designing messages. Each month, the Company's budget for advertising ranges from 80 million to 100 million VND.
- Evaluate and manage communication activities: Tools to manage communication activities through software. The marketing department is invested and divided into tasks, and managed very scientifically. There are staff specializing in design, staff specializing in posting advertisements in newspapers, staff specializing in advertising, posting on Facebook. Evaluate information received and customer reactions, count the number of customers through professional management software.
2.2.2. Tools for implementing promotional activities of Hanoitourist Travel Company
- Advertisement
This is considered the most important tool in the Company's current promotion policy because it not only brings customers to the Company but also creates conditions for other methods to take effect. Understanding this issue, the Company's Board of Directors has built general advertising goals and plans for each year, each period and each tourist season of the year: festival tourism, summer tourism, year-end tourism with specific and detailed activities.
During the holiday season, the Company targets domestic tourists directly with the criteria of building and strengthening reputation and brand based on the number of regular customers.
During the summer tourist season, the Company targets two main markets: domestic tourists traveling abroad and domestic tourists with the goal of expanding the market and attracting tourists to new destinations, extending their stay. In the remaining months, the general strategy is to maintain customer confidence and strongly advertise the activities of foreign tourists traveling to Vietnam.
The company has built a common advertising message in the form of "lifestyle value advertising" through the slogan: "Hanoi Tourism - Hanoi gathers trust" which initially created positive reactions from customers.
Not only that, the Company has also applied the AIDA model in designing and building advertising messages to create unique advertising styles that attract tourists, such as flyers and brochures for the festival season that stand out with red or the blue of the sea for the summer tourist season to attract tourists.
With the domestic tourist market being quite familiar with the country's scenic spots, the advertising images are built to highlight the novelty, uniqueness or are associated with the nation's important events in the wars against foreign invaders, making tourists want to experience what they have felt.
With programs for domestic tourists traveling abroad, advertising images focus on highlighting the low prices and differences and grandeur of destinations compared to Vietnam, such as shopping centers in the Thai market, majestic palaces in the Chinese market, and the advancement and modernity of Singapore.
With programs for foreign visitors to Vietnam, the focus of advertising is on safe destinations and friendliness, so the main color of the advertisement is peaceful blue and cultural tourist attractions and historical sites to highlight the heroic tradition in the resistance war and the warm welcome of friends around the world.
Any activity that wants to be successful must have financial preparation, so the Company has spent 5 - 6% of total revenue and advertising accounts for more than 50% of that.
Regarding advertising methods, the Company currently mainly uses leaflets, brochures and mailings to businesses. These tools are designed and used specifically for each seasonal advertising campaign, especially brochures.
- Effective:
With many years of operation, advertising has brought about certain effects on the travel business.
The brand name Hanoi tourist and the slogan "Hanoi Tourism - Hanoi gathers trust" and the Company's logo have become quite familiar images in the market, thanks to which the number of customers coming to the Company has grown steadily every year and reached 5-10%, the Company's reputation has been enhanced through the evaluation of tourists and the Company's partners.
The annual growth rate in revenue is quite high and maintained at 15%.
- 35% in the years from 2010 - 2014 has partly demonstrated the effectiveness of advertising - one of the two current promotional activities of the Company.
Advertising budgets are maintained at high levels while still ensuring growth in revenue and profits as well as brand growth among customers.
The advertising tools the Company is using are flyers, brochures, and invitations, which have brought the Company a certain number of customers from neighboring provinces such as Thai Binh, Hai Duong, Son La, Vinh Phuc, and state agencies in the construction and education sectors.
New domestic tourism programs for foreign tourists such as Laos, Cambodia, Thailand, and Egypt have attracted customers' attention and some programs have been organized through advertising activities.
- Limitations and causes
+ Limitations:
The Company's logo is still complicated, difficult to remember, and does not represent the Company's strategy and distinct image.
Hanoitourist Travel Company Logo

(Source: www.hanoitourist.com.vn)
The slogan “Hanoi Tourism - Hanoi gathers trust” has not shown the criteria and unique identity of the enterprise. The listener cannot see the typical product of the enterprise which is quality vacation and study programs at reasonable prices. It is easy to be misunderstood as a company specializing in organizing outdoor activities, city tours or searching for new locations.
The advertising budget is not really reasonable and is higher than the desired level of 5% of total revenue for marketing activities and nearly 1% for advertising activities.
Advertising methods are still not diverse, mainly focusing on familiar methods such as leaflets, brochures and official letters. These methods have not been invested in properly according to specific directions to target specific target markets and be consistent between segments. Methods such as newspapers, magazines or advertising via the internet, participating in exhibitions to promote images have not been used and have specific plans for both the short and long term.
+ Cause:
The capacity of the marketing team is still weak, the number of people trained in this profession is still small and there are almost no staff specializing in advertising. In addition, due to the unreasonable allocation of funds, there are no conditions to invest in other advertising methods. On the other hand, due to the Company

![Pre-tax Profit of Bidv Tien Giang in the Period 2011-2015
zt2i3t4l5ee
zt2a3gsnon-credit services, joint stock commercial bank
zt2a3ge
zc2o3n4t5e6n7ts
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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