The Differences of Three Popular Services Between Vietcombank and an Binh Bank in Vietnam

INTRODUCTION

BANK IN GENERAL

In the past, people invented many things which helped change our life in a better way. We know how to use telephones which communicate much faster and easier than letters; how to use electricity, one of the most important inventions, to make our life more modern. With the development of the technologies, services are becoming the most important sectors of the developed countries economy. One of the most significant elements in services that decide the growth of each economy is commercial banks.

Commercial banks are business organizations with major tasks and often deposit loan to repay and make the discount as a means of payment. The bank is recognized as one of the most wonderful inventions of the history of the world and it does not stop innovation perfected to suit the socio-economic situation in each period. Especially in today's economy banks are an integral part and it always hold an important position in the national economy with operations mainly monetary, credit and payment including payment plays a particularly important role. Bank is considered to be the lifeblood of the economy, its activity covers all economic and social activities, as well as intermediary activities tied to the movement of the entire economy. Business Bank is a special type of business object is money. Banks are financial intermediaries between savers and borrowers, so banks will be an effective tool to regulate the economy as well as a number of non-economic areas. Although not directly create wealth for the economy, its own operating characteristics with the banking sector plays an important role in promoting the development of the economy. The specific role is expressed as follows:

FIRST: for individuals, units and economic institutions.

Banks get their money through non-cash payment at the bank or the bank kept its precious assets, valuable papers ... thus saving the cost of storing, preserving cash currency. In addition, also on the basis...