The global economic sentiments have been forecast to show clearer improvement. In Vietnam, the National Assembly has passed the 2015 Socio-economic Development Plan with strong emphasis pn macroeconomic stability and resolutions to address challenges existing in both production and business operations. The Government has clear aspirations in undertaking strategic breakthroughs to restructure national economy. Vietnams deeper international integration on the basic of negotiating and signing of bilateral and multilateral trade agreements will bring about promising cooperation opportunities, attract higher foreign direct investments and create favourable environment for not only local enterprises but also the banking sector in Vietnam as a whole.Business Operation: Boosting credit growtha whist improving asset quality. Maintaining existing market shares with respect to traditional customers and continuing to explore opportunities from new customers.+ Continuing to sustain the Bank distinct advantages in areas of wholesale banking, promoting its pivotal roles of the main lender and investor in key economic sectors and projects. Undertaking breakthroughs programs in obtaining higher market shares while enhancing market efficiency and profitability in the segments of small & medium enterprises and FDI customer.+ Taking advantage of well-established brand name, operational scale, strong human resources and extensive network to develop the realm of retail banking and promote the development of retail products and services. Emphasizing on the diversification of investment portfolio to minimize risk, maximize the utility of resources and increase investment interest income. In 2015, VietinBank will continue to restructure its investment portfolio towards a more diversified composition across different groups of assets, namely between short-term and long-term assets, listed and unlisted and among 3 different bond issuers including the Government, financial institutions and corporate. VietinBank expects to maintain and increase the proportion of investment asset in its overall assers, expand investment and fund raising to international capital markets. Advanced investment products will be constantly developed while innovative and professional portfolio management techniques will be widely applied. Ensuring growth in fund mobilization to meet future credit growth and investment demand in line with the Banks development plan: VietinBank will further accelerate growth from variety sources of funding, improve service quality and develop innovative products ang services to meet specific reqiurements of different customer segments. Especially new payment products will be introduced to increase total payment volume, hence advantage to tap into low-cost funding sources and reduce interest on loan expenses. The total funding growth for 2015 is estimated to range from 13% to 15% While upholding its pioneering position in the local banking system in terms of profitability and efficiency, the Bank will constanly be promoting the diversification of operating income sources, increasing the proportion of non-interest and fee-based income. Several business directions include:+ Enhancing fee based and non-interest income: In addition to being the market leader in providing customers with traditional financial solutions, VietinBank will deploy plans to increase the number and quality of products and services whilst paying special attention on various payment channels development and diversification. The quality of cards, internet banking and other non-interest business will also be enhanced. Non-interest and fee-bases income components are expected to see better growth and will account for a higher proportion of the Banks total operating income.+ An improvment in the proportion of non-interest income will creare a favourable condition for the Bank to reduce pressure from traditional credut business and prepare s strong foundation to develop towards regional and international banking modes.+ Maintaining and enhancing operational effciency: With the level of expected profit for the year 2015, profitability ratios such as ROA and ROE are estimated to range from 1.0% - 1.2% and 10% - 11% respectively.Risk ManagementAlong with nurturing business activities according to the particular development strategy of each division, VietinBank will strengthen its management and cotrol, thrive towards international standards in compliace with international regulatory guidelines under Basel II. Efficient control will be ensured via the three lines of defense framework in effective risk management, hence improving the Banks governance capacity and promote the safely and soundness of the local banking system.