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Strategy for Business Development of Agribank Thanh Hoa to 2020

1Deparment Business Administration, Faculty of Economics - Business Administration Hong Duc University, Vietnam


International Journal of Econometrics and Financial Management. 2018, Vol. 6 No. 2, 27-35
DOI: 10.12691/ijefm-6-2-1
Copyright © 2018 Science and Education Publishing

Cite this paper:
Nguyen Xuan Duong, Le Quang Hieu. Strategy for Business Development of Agribank Thanh Hoa to 2020. International Journal of Econometrics and Financial Management. 2018; 6(2):27-35. doi: 10.12691/ijefm-6-2-1.

Correspondence to: Nguyen  Xuan Duong, Deparment Business Administration, Faculty of Economics - Business Administration Hong Duc University, Vietnam. Email: nguyenxuanduong@hdu.edu.vn

Abstract

“Strategy is the red thread through the activities of an organization - An Ssofg, 1965’; strategy is extremely important role in the operation of every organization, every enterprise: strategy contributed to help a business organization become more active in anticipating the changes of environment from which they can control their activities. In the current economic market, a good strategy helps increasing the competitiveness of businesses, ensuring a strong dominance of enterprise. [1] In the trend of integration and competition, the same with other companies are operating in Vietnam, Thanh Hoa Agribank has many opportunities for growth while facing new business environment more complex and risky. Competitive pressures increased when domestic banks are constantly expanding the scope of operation, growing both in quantity and quality, many foreign credit organizations are willing to participate in the Vietnam market will create a new competitive pressures increasingly strident. In this context, the question for each bank is planning a suitable business strategy to stand firmly in the market and continue to grow. For these above reasons, I decised to choose the paper "Strategy for business development of Agribank Thanh Hoa to 2020" for reseach.

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