Internship Report
I. Introduction:
Foreign trade plays a vital role in the economy of every country, especially in the international integration; and thanks to which the demand for commodities, services manufactured domestically less than needed and the supply of commodities and services that are in need of other countries can be met. Foreign trade assists participating countries rectify shortcomings, defects existing in the domestic economy. In order to help the development of foreign trade, international payment has been born. International payment is the final stage for the completion of commercial activities. Exporting- importing in particular and foreign trade in general only develop on the right track only when the process of international payment is implemented correctly. Not only does the international payment maintain the foreign trade, but it also expedites the foreign trade’s progress.
Amongst many methods used in the international payment, the Documentary Credits (D/C) stands out to be the most prevalent one on the account of its advantages. However, the process as to how it is practiced in reality is not exactly the same in every bank system; and in this report I would like to present steps of implementing the Documentary Credits in Vietcombank- Long an branch after my internship there.
My internship report consists of 5 parts:
Part 1: Introduction of Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and Vietcombank- Long an branch
Part 2: Given tasks during the internship in Vietcombank- Long an branch
Part 3: Steps of implementing the Documentary Credits (D/C) in Vietcombank and some notes from the real process drawn out
Part 4: Experience after the internship in Vietcombank- Long an branch
Part 5: Recommendations for Vietcombank- Long an branch
II. Content:
Part 1: Introduction of Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and Vietcombank- Long an branch
1. Overview of Joint Stock Commercial
Foreign trade plays a vital role in the economy of every country, especially in the international integration; and thanks to which the demand for commodities, services manufactured domestically less than needed and the supply of commodities and services that are in need of other countries can be met. Foreign trade assists participating countries rectify shortcomings, defects existing in the domestic economy. In order to help the development of foreign trade, international payment has been born. International payment is the final stage for the completion of commercial activities. Exporting- importing in particular and foreign trade in general only develop on the right track only when the process of international payment is implemented correctly. Not only does the international payment maintain the foreign trade, but it also expedites the foreign trade’s progress.
Amongst many methods used in the international payment, the Documentary Credits (D/C) stands out to be the most prevalent one on the account of its advantages. However, the process as to how it is practiced in reality is not exactly the same in every bank system; and in this report I would like to present steps of implementing the Documentary Credits in Vietcombank- Long an branch after my internship there.
My internship report consists of 5 parts:
Part 1: Introduction of Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and Vietcombank- Long an branch
Part 2: Given tasks during the internship in Vietcombank- Long an branch
Part 3: Steps of implementing the Documentary Credits (D/C) in Vietcombank and some notes from the real process drawn out
Part 4: Experience after the internship in Vietcombank- Long an branch
Part 5: Recommendations for Vietcombank- Long an branch
II. Content:
Part 1: Introduction of Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and Vietcombank- Long an branch
1. Overview of Joint Stock Commercial