ĐỀ 1:

A. READING, VOCABULARY AND GRAMMAR

When people have more money than they need to spend, they may deposit it in a bank account at a commercial
or retail bank that generally pays interest to them. The bank then uses the money deposited to grant loans to
borrowers. Banks make profit by charging higher interest rate to borrowers than they pay to depositors. Before
lending money, a bank has to evaluate the risk involved. Generally, the greater the risk for the bank of not being
repaid, the higher the interest rate they charge. Most retail banks have standardized products for personal
customers, such as personal loans. This means that all customers granted a loan have the same terms and
conditions. Banks have more complicated risk assessment method for corporate customers- businesses, but large
companies now prefer to raise their own finance rather than to borrow from a bank. Bank can also transfer
money form one customer's bank account to another one, for which they charge fee.
Banks can also create credit -make money available for someone to borrow. The capital a bank has and the loans
it has made are its assets. The customers' deposits are the bank's liabilities because this money is owned by that
bank to the customer depositing it in the bank. Banks have to keep a certain percentage of their assets as
reserves for borrowers who want to withdraw their money. This is known as reserves requirement.
I. Read the passage. Match the two parts of sentences

1. The interest rate on a loan a. depends on how risky it is for the bank to lend
the money
2. Banks can also create credit b. when they move money from one bank
account to another according to their customers'
instructions
3. Banks lend savers' deposits c. to those who need more money than they have
available
[Link] take a charge d. banks have to be able to judge the credit risk
5. Before granting credit to a customer e. means to make loan able funds for someone to
borrow
1-a 2-e 3-c 4-b 5-d
II. Fill in the gaps with words/phrases from the above text.
6. We offer standardized loans, you can be sure you won't get less favorable …terms….and
…conditions…….than our other personal customers.
7. Banks generally know from experience how much cash to keep in their reserves for
customers who want to …withdraw……it.
8. Banks carefully study the financial situation of a company to ….evaluate the risk…involve
in lending its money.
9. The money deposited by a bank's customer is the bank's … liabilities ….
10. When a bank receives a $ 100 deposit from a customer, it can only use $90 to lend for
interest because $10 is the bank's … reserves requirement ………

IV. Read the passage. Decide if the following statements are true or false. Write T for
TRUE and F for False

11 F… Deposit interest rate is the rate paid by depositors to their bank.

12 F…. A place providing wholesale banking facilities is a retail bank.
13 F…. A bank shouldn't keep a rate of reserves from its assets.
14 F.. A bank should lend all the money which it raises from its customers.
15 T.. The risk evaluation methods for corporate customers are more complex than those for
personal customers.
 IV. Choose A, B, C or D which would be best
16. My main responsibility is……………..with customers, suppliers and their problems.
A solving B exchanging C dealing D deal

17. Remember to get………………….the bus at the city park and then walk to the office.
A. off B. on C. out of D. of

18. The village is very far from the nearest town, so it is not easily…………., especially in
rainy season.
A. remote B. outstanding C. distant D. accessible

19. VP Bank specializes in providing ………services for corporate sector.

A. constructive B. agricultural C. financial D. managerial

20. One of key points of trade finances is …………

A. Funds may be used B. Funds may be used to C. Funds may be used to D. Funds may be used to
to acquire materials, acquire materials, acquire materials, labor, acquire materials, labor,
labor, inventory, goods inventory, goods and goods and services for inventory, services for
and services for export. services for export. export. export.

21. I am really happy ………our plan because it works as planned.

A. into B. to C. with D. between

22. I think it is…………….to send the report now so I’ll bring it to the head office tomorrow
morning.
A. such late B. much late C. too late D. soon

23. One of the characteristics of an export working capital facility is …………

A. Export working B. Export working C. Export working D. Export working
capital financing is used capital financing is used capital financing is used capital financing is to
to purchase raw to purchase raw to purchase raw materials fulfill a large export sales
materials, supplies, and materials, supplies, and order or many small
equipment equipment to fulfill a export sales orders
large export sales order
or many small export
sales orders
24. I am going to climb the Fancipan mount next month. Do you think it……..a successful
journey?
A. is B. shall be C. will be D. has been
25. As soon as you finish the meal, the waiter will bring you a………………….
A. payment B. bill C. credit card D. money

I. English-Vietnamese translation
1. Compliance with Basel standards is very important to banks in the current context when
the SBV will give priority to higher credit growth quota for banks with abundant equity, high
capital adequacy ratio (CAR) and good risk management through the application of Basel II,
Basel III and international financial reporting standards 9 (IFRS 9).
 Trong bối cảnh hiện nay, việc tuân thủ Basel là rất quan trọng đối với các ngân hàng
vì NHNN sẽ ưu tiên cung cấp hạn ngạch tăng trưởng tín dụng cao hơn cho các ngân
hàng có vốn chủ sở hữu đầy đủ, tỷ lệ an toàn vốn cao (CAR) và quản lý rủi ro tốt bằng
cách áp dụng Basel II, Basel III và IFRS 9.
2. Augmenting and superseding parts of the Basel II standards, it was developed in response
to the deficiencies in financial regulation revealed by the financial crisis of 2007-08. It is
intended to strengthen bank capital requirements by increasing minimum capital
requirements, holdings of high quality liquid assets, and decreasing bank leverage.
 Bổ sung và thay thế các phần của tiêu chuẩn Basel II, nó được phát triển để giải
quyết những thiếu sót trong quy định tài chính do cuộc khủng hoảng tài chính 2007-
2008. Nó nhằm tăng cường các yêu cầu về vốn của ngân hàng bằng cách tăng các yêu
cầu về vốn tối thiểu, nắm giữ các tài sản có tính thanh khoản cao và giảm tỷ lệ đòn bẩy
của ngân hàng.

3. The State Bank of Viet Nam (SBV) might have to extend credit growth for the whole year
2022 to 16 per cent and grant more credit quotas to commercial banks in the near future as
the pressure to loosen the credit room is strong, analysts forecast.
 Các nhà phân tích dự đoán Ngân hàng Nhà nước Việt Nam (NHNN) có thể phải kéo
dài tốc độ tăng trưởng tín dụng cả năm 2022 lên 16% và cấp hạn ngạch tín dụng nhiều
hơn cho các ngân hàng thương mại trong tương lai gần do áp lực lớn để nới lỏng không
gian tín dụng.

II. Vietnamese-English translation

[Link]ư vậy, chỉ trong tháng 9/2022, VietinBank đã ráo riết rao bán nhiều khoản nợ, với tổng
giá trị lên đến hàng trăm tỷ đồng. Hầu hết các khoản nợ đều được ngân hàng rao bán giá khởi
điểm thấp hơn rất nhiều so với dư nợ gốc.Về hoạt động kinh doanh, trong 6 tháng đầu năm
2022, lợi nhuận trước thuế hợp nhất của VietinBank chỉ tăng 7% so cùng kỳ, đạt gần
11.607,5 tỷ đồng.
=>Thus, only in September 2022, VietinBank aggressively sold many debts, with a total
value of up to hundreds of billions of dong. Most of the loans are offered for sale by the
bank at a starting price much lower than the original balance. In terms of business
activities, in the first 6 months of 2022, VietinBank's consolidated pre-tax profit
increased by only 7% compared to that of the same period, reaching nearly 11,607.5
billion dong.

2.Kết thúc quý 2, quy mô tổng tài sản của VietinBank đạt gần 1.691.092 tỷ đồng, tăng 10%
so với đầu năm. Trong đó, cho vay khách hàng đạt hơn 1.238.483 tỷ đồng, tăng 10% và tiền
gửi của khách hàng đạt hơn 1.205.567 tỷ đồng, tăng 4%.Tuy nhiên, chất lượng tín dụng của
VietinBank cũng gặp vấn đề khi lãi dự thu và nợ xấu đều tăng.
=> At the end of the second quarter, VietinBank's total assets reached nearly VND
1,691,092 billion, up 10% compared to the beginning of the year. In which, customer
loans reached more than 1,238,483 billion VND, up 10% and customer deposits reached
more than 1,205,567 billion VND, up 4%. However, VietinBank's credit quality also
encountered problems when accrued interest and bad debt both increased.
 ĐỀ 2

A. READING, VOCABULARY AND GRAMMAR

Read the passages and answer the questions below.

A Giro system is commonly used in Europe. It is a credit transaction since it is initiated (được tạo ra) by the
debtor making a request to the paying bank that a credit be made to another individual's account.
The undoubted merit (ưu điểm) of the Giro system is the simplicity (đơn giản) that results from the
unidirectional (1 hướng) flow of paper and information. Consequently(kết quả là), many of the costs involved in
cheque system are avoided. Additionally, because the transactions' e an initial debit and subsequent credit to
account, the default risk(rủi ro ko thanh toán) is reduced once the transactions begin.
The drawback (nhược điểm) of the Giro system is, however, readily apparent(rõ ràng). It relies upon(phụ thuộc
vào) the debtor (purchaser) initiating the transaction. The creditor thus loses control over the implementation of
e payment (thanh toán điện tử) which the debtor has an obvious incentive to delay and is uncertain about
receiving payment until notification IS given. Consequently, Giro transactions are not suitable for large number
of transactions where the seller of goods has no way of influencing the purchaser's actions, and there may be a
greater use of cash for day-to-day transactions in comparison with countries which use cheques. The Giro
system is particularly(đặc biệt) suitable for payments where the goods are supplied in advance(trước) of
payment on a regular basis. Payments to public utilities(tiện ích công cộng) for electricity, gas and water are
obvious examples. This commonality in many payments can be exploited in the bill-payment services offered by
some banks, building societies (hiệp hội xây dựng/ thực chất là tài chính, cung cấp tiền cho bên kia rồi được
hoàn trả) and credit unions (tổ chức tín dụng), which effectively substitute(thay thế) a credit for a debit transfer.

[Link] or False statements. Collect the False

1. Giro transaction is a credit transaction because it involves initial credit and subsequent debit
(F) initial debit and subsequent credit
2. Giro system has both advantages and disadvantages (T)
3. In Giro system, papers and information are sent in different directions. (F) unidirection
4. With Giro, the creditor is unsure about receiving payment until notification is given. (T)
5. Bill - payment services offered by banks are normally carried out (thực hiện) through Giro
system. (T) It relies upon the debtor (purchaser) initiating the transaction.
[Link] word/phrase in the passage which have the same meaning as the follows:
6. A certain good point = The undoubted merit ………………………………
7. Encouragement = Incentive (Có động lực)…………………………………………………
8. Services provided for public such as gas, electricity… = Public utilities/ Public utility
9. Payment for transactions which are performed regularly = Payment on a regular basis
10. An organisation which accept deposits and lends money to customers who want to buy or to
rent houses, flats = Building society ……………………

III. Answer the following questions

11. What are the disadvantages of Giro system?
The creditor loses control over the implementation of e payment which the debtor has
an obvious incentive to delay and is uncertain about receiving payment until
notification IS given.
12. Why can’t the creditor control the implementation of the payment?
Because debtor initiated transactions
13. What kinds of transaction should not be used by Giro credit slips?
transactions where the seller of goods has no way of influencing the purchaser's actions
14. Why is default risk in Giro system reduced when the transaction begis?
Because the transactions' e an initial debit and subsequent credit to account
15. What are the examples of bill based payment service mentioned in the text?
It is electricity, gas and water bill

IV. Choose A, B, C or D which would be best

16. Managers need to be………….at observing and asking questions.
A. worried B. interested C. good D. keen
[Link] managers must find out all the information they need to ……the right decisions.
A. do B. come C. go D. make
18 It's important to make a good impression when meeting…….That helps them trust your
company's products.
A. enemies B. clients(khách hàng C. relatives D. friends
liên quan đến dịch
vụ)
[Link] position went to a/an ……………candidate. No one in my department can take it
over.
A. internal(bên trong) B. external(bên C. lucky D. young
ngoài)
20 In next week's meeting we must agree………………the date of launching our new
products and how to promote it.
A. with B. about C. on D. over
21. He was ………and seriously injured by a gang of youths.
A. played B. cheated C. treated D. attacked
22. There's often ………at our meetings. Everyone has their own opinion and never agrees
on a common point.
A. agreement B. compromise C. conflict D. sympathy
23. He would lend it to you if you……………….everything.
A. lost B. lose C. will lose D. had lost
24.I ……………..these things if I were you.
A. don't buy B. wouldn't buy C. won't buy D. didn't buy
25.I'll get lost if you……………………with me.
A. don't go B. didn't go C. wouldn't go D. won't go

B. TRANSLATION

I. English-Vietnamese translation

1. OCB General Director Nguyen Dinh Tung also admitted the settlement of bad debts is
currently more difficult than in the previous period. Currently, although borrowers want to
sell their real estate as mortgages to pay debts to banks, it is difficult to find buyers because
of the poor realty market liquidity. Therefore, bad debt settlement at banks is slower.
 Ông Nguyễn Đình Tùng, Tổng Giám đốc OCB cũng thừa nhận việc xử lý nợ xấu hiện
khó khăn hơn giai đoạn trước. Hiện tại, dù người vay muốn bán bất động sản đang thế
chấp để trả nợ cho ngân hàng nhưng rất khó tìm được người mua do tính thanh khoản
của thị trường bất động sản kém. Do đó, các ngân hàng xử lý nợ xấu chậm hơn.

2. However, the sale of real estate collateral has encountered many difficulties although
banks have actively advertised on media and lowered prices. For example, Sacombank has to
drastically reduce the price of 19 apartments in the Xi Grand Court project from VND100.8
billion to VND79 billion. These apartments were put for sale for the first time in July 2020,
but after two years, Sacombank could not sell any apartments and had to reduce prices
sharply.
 Tuy nhiên, mặc dù các ngân hàng đã tích cực quảng bá và giảm giá trên các phương
tiện truyền thông, việc bán các tài sản thế chấp bất động sản gặp nhiều khó khăn.
Chẳng hạn, Sacombank phải giảm mạnh giá 19 căn hộ thuộc dự án Grand Court Xi từ
100,8 tỷ đồng xuống 79 tỷ đồng. Các căn hộ được bán lần đầu tiên vào tháng 7/2020,
nhưng hai năm sau, Sacombank không thể bán bất kỳ căn hộ nào và phải giảm giá đáng
kể.

3. Banks have been also very enthusiastic about the handling of collateral assets and debt
recovery. They have continuously promoted the sale of NPLs’ collateral. Sacombank, for
example, has recently announced it will continue to auction 19 apartments of the Xi Grand
Court project while BIDV will also put for auction 1ha of land in Chon Thanh Industrial
Park.
 Các ngân hàng cũng rất tích cực trong việc xử lý tài sản thế chấp và thu hồi nợ. Họ
đã liên tục đẩy mạnh việc bán tài sản thế chấp cho các khoản vay xấu. Chẳng hạn,
Sacombank vừa thông báo sẽ tiếp tục bán đấu giá 19 căn hộ thuộc dự án Grand Court
Xi, trong khi BIDV cũng sẽ bán đấu giá 1ha đất tại Khu công nghiệp Chon Thanh.

II. Vietnamese-English translation

4. Chia sẻ tại Diễn đàn Kinh tế Xã hội Việt Nam 2022, ông Francois Painchaud - Trưởng đại
Diện của IMF tại Việt Nam và Lào cho biết, năm 2022 đã chứng những diễn biến phức tạp,
những cú sốc kinh tế thế giới như lạm phát tăng cao toàn thế giới, các biện pháp thắt chặt tài
chính, kỳ vọng thấp về triển vọng kinh tế Trung Quốc và tình hình địa chính trị phức tạp tại
Ukraine.
 Stating inVietnam Econimic and Social Forum 2022, Mr Francois Painchaud IMF’s
Head representative in Vietnam and Laos confirmed that there had been complicated
turbulances, world economic shocks in terms of high inflation worldwide, tightening
moneytary policies, low expectation about China’s Economic outlook and complex
politics in Ukraine in 2022.

5. Trên cơ sở đó, Trưởng đại diện của IMF nêu rõ, năm 2022, Việt Nam đã khôi phục kinh tế
ấn tượng, dự báo triển vọng tăng trưởng kinh tế của Việt Nam lên 7 % và đây là mức tăng
trưởng tương đối ấn tượng so với các nền kinh tế phát triển khác trong năm 2023.
 On that basic, IMF’s Head representative clearly stated that Vietnam had restored
its economy dramatically, forecasting Vietnam’s economic growth outlook up to 7%.
This is relatively empressive growth rate compared to other developod economies in
2023.
 ĐỀ 3

A. READING, VOCABULARY AND GRAMMAR

Read the passages and answer the questions below.
The gains from growing pains
Alicia Clegg
The best start-up ideas are often the simplest. But entrepreneurs(doanh nghiệp) often need to experiment With
business models as their ventures(sự kinh doanh) grow. For young retail companies, one of the biggest
challenges is getting the right mix of outlets(cửa hàng) as they perfect their products. Christian Rucker, founder
of The White Company, which made pre tax profits of £2.2m the year before last, is a classic example.
While working as an editor at fashion magazine Harper’s, Ms Rucker spotted(nhận thấy, tìm được) a gap in
the market for stylish white bed linen(ga trải gường) and accessories priced(định giá) mid way between designer
labels and mass-market lines (hàng hóa sx hàng loạt). After finding £20,000 from a local government grant (trợ
cấp chính quyền địa phương) and shares inherited(cổ phần) from her grandmother, she launched(khai trương,ra
mắt) her business in 1994, initially(ban đầu) through mail order. Last year, The White Company made sales of
(tạo ra doanh thu) £49.5m, up by(tăng lên) almost £10m on the previous year.
“Offering choice is part of great customer service,” says Ms Rucker, whose company owns 14 shops, plus
space in department stores and franchises in (nhượng quyền thương hiệu) Dubai. “One channel feeds another”.
Someone might see something in a store then place an order online. Customers will spend more because you are
making it easy for them.”
Having survived the early days the entrepreneur must find ways of sustaining(duy trì) growth(tốc độ tăng
trg) in future, without sacrificing(hi sinh) the individuality that attracted their customers in the first place.
Ms Rucker, who aims for sales of £110m by 2011, believes the as solution is to improve quality. “There
comes a point when it's easy to drop the quality a little and take a higher profit margin. But, as the quantity goes
up, you can actually afford to buy slightly better materials but keep the price [for customers] the same.”
FINANCIAL TIMES
I. Complete this summary with the correct figures from the article
Mr. Rucker started her business in (1)……1994………..with just (2)…20,000pounds ..the
year before last, her profit before tax was (3)……2.2m pounds…And last year,
turnover(doanh thu) increased by (4)…10m pounds……to reach (5)…49.5m pounds….She
has set a sales target of (6)110m pounds….by 2011.
II. True or False
7. Young retail companies have problems finding the right place to sell their products. (T)
8. Ms Rucker works for a fashion magazine. (F) use to work
9. She used a bank loan to set up her company. (F) £20,000 from a local government grant
(trợ cấp chính quyền địa phương) and shares inherited(cổ phần) from her grandmother
10. She believes that customers like choice. (T)“Offering choice is part of great customer
service,”
11. It is important to keep a product's unique features when a company expands. (T) Having
survived the early days the entrepreneur must find ways of sustaining growth in future,
without sacrificing the individuality that attracted their customers in the first place
12. Ms Rucker says that quality can only be improved when a product is profitable. ( F)
“the quantity goes up, you can actually afford to buy slightly better materials but keep
the price [for customers] the same”
III. Match the words below with their meaning (a-c)

13 experiment a, shop
14 venture b, activity
15 outlet c, try new things
13-c,14-b,15-a

IV. Choose A, B, C or D which would be best

16. An LC is useful when …………………………………………………… is difficult to
obtain (thu thập).
A reliable credit B reliable credit C inreliable credit D unreliable credit
information about information about a information about a information about a
a foreign buyer foreign seller seller foreign buyer

17. I wonder (+ whether)……………the tickets are on sales yet.

A. what B. when C. where D. whether

18. Someone………………there's been an accident on the motorway.

A. asked B. said C. spoke D. told
19. Remittance is …………………………
A. a method of B. a method of C. type of account D. an account
transfer payment

20. My girlfriend always wants to get on her own (tự làm/ tự thân). She doesn't like
compromise. My friends say she's a very……… negotiator(thỏa hiệp).

A. weak B. formal C. informal D. strong

21. There are two………….to consider: first, outsourcing(thuê ngoài) the cleaning and
second, hiring a full time cleaner.
A. method B. ways C. options D. models

22. Inflation rate is the speed at which…………….increases.

A. population B. pollution C. productivity D. price

23. One of the benefits of trading forex on the internet is …………

A. low transaction B. high transaction C. lower D. higher transaction
costs costs transaction costs costs

24. The basic systems and services, such as transport(giao thông) and power supplies, that a
country or organization uses in order to work effectively is called………………..
A. construction site B. infrastructure(cơ C. complex D. block
sở hạ tầng)

25. If you need to borrow more money from your bank, you can ask them to increase
your………………
A. overdraft level B. overdraft limit C. overdraft D. overdraft supply
(mức thấu chi) supplement

B. TRANSLATION
I. English-Vietnamese translation
1. According to a recent report by SSI analysts, this compulsory acquisition has positive long-
term implications for HDBank. Meanwhile, international investors received this news with
excitement and decided to increase their investment in [Link] the first half of the year
HDBank continued to maintain high growth in terms of both scale and quality, with profit
before tax going up by 26.5 per cent over the same period last year to 54 per cent of the full-
year target.
 Theo một báo cáo gần đây của các nhà phân tích SSI, việc mua lại bắt buộc này có
tác động tích cực trong dài hạn đối với HDBank. Trong khi đó, các nhà đầu tư quốc tế
rất phấn khởi khi nhận được tin này và quyết định tăng đầu tư vào HDBank. Trong
nửa đầu năm nay, HDBank tiếp tục duy trì mức tăng trưởng cao về quy mô và chất
lượng, lợi nhuận trước thuế tăng 26,5% so với cùng kỳ năm ngoái và đạt 54% mục tiêu
cả năm.
2. The local banking sector, currently undergoing drastic restructuring, will have more
opportunities to improve its financial capacity as well as learn modern business models and
management from UK partners after the UK-Vietnam Free Trade Agreement (UKEVFTA)
takes effect, according to banking insiders.
 Ngành ngân hàng trong nước, hiện đang được tái cấu trúc mạnh mẽ, sẽ có nhiều cơ
hội hơn để nâng cao năng lực tài chính cũng như học hỏi các mô hình kinh doanh và
quản lý hiện đại từ các đối tác Vương quốc Anh sau khi Hiệp định Thương mại Tự do
Anh - Việt Nam (UKEVFTA) có hiệu lực, theo những người trong ngành ngân hàng.
3. Until 1 August 2025, UK financial institutions may solicitate the approval of Viet Nam’s
competent authority (State Bank of Vietnam) to buy shares in one joint-stock commercial
bank of Viet Nam, up to 49 per cent of that enterprise’s chartered capital, except for four
commercial banks of which the Government of Viet Nam currently holds the majority of
equity.
 Trước ngày 1 tháng 8 năm 2025, các tổ chức tài chính Anh có thể xin phép cơ quan
có thẩm quyền của Việt Nam (Ngân hàng Nhà nước Việt Nam) để mua cổ phần của một
ngân hàng thương mại cổ phần tại Việt Nam với tối đa 49% vốn điều lệ của doanh
nghiệp đó, ngoại trừ bốn ngân hàng thương mại mà Chính phủ Việt Nam hiện đang
nắm giữ phần lớn cổ phần.
II. Vietnamese-English translation
4. Cũng tại Hội nghị về công tác điều hành tín dụng tuần qua, Thống đốc Nguyễn Thị Hồng
cho biết đã có sự đồng thuận trong đánh giá về bối cảnh kinh tế có nhiều khó khăn, hệ thống
ngân hàng chịu nhiều áp lực. Các ý kiến tại Hội nghị đều đánh giá công cụ kiểm soát tín dụng
là một công cụ hữu ích, phù hợp với điều kiện Việt Nam.
 During the last-week conference on credit management, the bank’s Governer
Nguyen Thi Hong stated that there was agreement the economic contex with a lot of
difficulties, under-pressure banking system. The opinions in the conference evaluated
that the credit control tool is useful, suitable for Vietnam’s condition.
5. Theo số liệu của Ngân hàng Nhà nước (NHNN), tính đến ngày 26/8, tín dụng đã tăng
9,91% so với cuối năm ngoái, đây là mức tăng cao nhất trong 5 năm qua và cao hơn nhiều so
với mức tăng 7,9% của thời gian 8 tháng đầu năm 2021. Ngày 7/9 vừa qua, NHNN thông báo
đã cấp thêm hạn mức tăng trưởng tín dụng cho một số ngân hàng thương mại.
 According to the data of the State Bank, up to the 26 of August, credit has increased
9.91% compared to last year. This is the highest growth in the past 5 years and quite
higher compared to 7.9% increase rate of the first 8 months of 2021. On the seventh of
September, the State Bank announced to grant the credit growth limits for some
commercial banks.
 ĐỀ 4

A. READING, VOCABULARY AND GRAMMAR

I. Fill in the blank with a suitable preposition.

Thanks to the increasing use of computers (1) ……in………….banking field, the

clearing system has really developed in respond to meet money transfer (2) …from…. one
bank's account to another bank's account (3)…by… putting all the deta'ls of the transaction
(4)…into………. a magnetic tape which can be read by computers. BACS, a company (5)
…with…….a computers centre in Edgware. Middlesex, is used by banks to make the
clearing system simpler and mare convenient and to reduce the paperwork related to
money transfer. To take part in BACS system, banks and big companies must have
magnetic tapes (6) …in…..which the details (7)…of…. transaction are kept. The magnetic
tapes, then. are sent to BACS or the information may be transmitted directly to BACS (8)
….via(through)…….BACSTEL. At BACS, the information is read and the input
information is automatically sorted according to tanks and branches. This data is, then, put
into other tapes to be sent to correct ban These tapes appear (9)…on….. each bank's
computer system which gets the detailed statement (10)…banks…. The clearings related
to its own bank account. BACS system is also useful for standing orders and direct debits.
II. Choose one suitable word from the following list to fill in each blank
not risk current have currency
expiration call gives options financial

An option contract is a contract that (11)…gives……..its owner a right- but not an obligation-
to sell or buy an item at a prespecified price, called the strike price, until the option expires.
Options trade in options markets and, like futures, provide a way for individuals to reduce the
financial (12)…risk….. of fluctuations in asset prices. Unlike with futures contracts,
however, the buyer of an option contract does (13)…not…..have to exercise the option: that
is , he or she need not buy the asset. (14)…options…..are bought and sold at an options price,
which is distinct from the price of the underlying financial asset. Options are traded for major
stocks, debt instruments, foreign (15)…currency…

II. Choose A, B, C or D which would be best

16. ………………….is a market in which there is little or no competition for a particular

type of product or service, for which there is limited demand.
A small market B mass market(thị C declining market D smallest market
trg sx hàng loạt)
17. The capital account, includes an economy’s transactions with nonresidents in
…………………… and in capital transfers.
A. produced, B. nonproduced, C. nonproduced, D. productive,
nonfinancial assets financial assets nonfinancial assets nonfinancial assets
(tài sản phi tài chính)

18. ………………………the end of the film, we cried a lot.

A. In + the B. With C. On D. At +the end of
 end/beginning, … sth
19. After the accident, he lost his…………….. for the sport.
A. feeling B. thought C. enthusiasm D. mind
(niềm đam mê/ sự
hứng khởi)

20. They are black market …………………

A. profitable B. profit C. profiteers (ng D. nonprofit
tranh thủ lợi
nhuận)

21. Someone ……………….your glasses if you leave them there.

A. is stealing B. would steal C. will steal D. stole

22. In the long term ……….is due to increase in the price of raw materials(vật liệu thô). This
is the situation where prices rise to keep up with increased production cost.
A. devaluation B. inflation (lạm C. recession D. crisis
phát)

23. In a accordance with our usual terms, payment will be by …………This is a letter from a
bank authorizing payment of a certain sum to a person or a company.
A. cheque B. banker’s draft C. letter of credit D. cash on delivery

24. We enclose our……….., which is a formal request for payment

A. receipt B. quotation C. commercial D. bill of lading
invoice

25. The industry and construction ………..is facing difficulties due to low efficiency and
competitiveness (cạnh tranh)
A. set B. sector (lĩnh lực) C. section D. part

B. TRANSLATION

I. English-Vietnamese translation

1. Nam A Bank said that in 2022 it will continue to focus on increasing investment and
applying technology, creating new steps in digital transformation, and continue to perfect the
digital banking ecosystem: Robot OPBA, Open Banking and ONEBANK, meeting the needs
of transactions anytime, anywhere.
 Ngân hàng Nam A cho biết, năm 2022 sẽ tiếp tục tập trung tăng cường đầu tư và ứng
dụng công nghệ, tạo bước tiến mới trong chuyển đổi kỹ thuật số và tiếp tục hoàn thiện
hệ sinh thái ngân hàng kỹ thuật số: Robot OPBA, Ngân hàng mở và ONEBANK để đáp
ứng nhu cầu giao dịch mọi lúc, mọi nơi.

2. However, to solve the above problems, banks have to invest up to tens of trillions of dong
per year for digital transformation. Vinh said SHB has invested a lot of resources and budget
to upgrade Core Banking (core bank), upgrade cards, deploy investment banking, loan
origination solutions (LOS), deploy Omni Channel systems and related information
technology systems and apply the most modern solutions.
 Tuy nhiên, để giải quyết những vấn đề trên, các ngân hàng phải đầu tư tới hàng
nghìn tỷ đồng mỗi năm để chuyển đổi số. Ông Vinh cho biết SHB đã dành nguồn lực và
ngân sách đáng kể để nâng cấp các ngân hàng cốt lõi (Core Bank), nâng cấp thẻ, triển
khai các ngân hàng đầu tư, giải pháp cho vay (LOS), triển khai hệ thống đa kênh và các
hệ thống công nghệ thông tin liên quan và áp dụng các giải pháp hiện đại nhất.

3. Through credit packages with preferential interest rates, and products and services
customised to each customer group’s needs, banks focus on helping enterprises access capital
to restore production and business. In May the Government issued Decree 31/2022/ND-CP
on interest rate subsidies for loans given to enterprises, co-operatives and business
households.
 Thông qua việc cung cấp các gói tín dụng với lãi suất ưu đãi, cũng như các sản phẩm,
dịch vụ phù hợp với nhu cầu của từng nhóm khách hàng, các ngân hàng tập trung vào
việc giúp doanh nghiệp tiếp cận vốn để phục hồi sản xuất kinh doanh. Tháng 5 vừa qua,
Chính phủ đã ban hành Nghị định 31/2022/NĐ-CP về trợ cấp lãi suất cho các khoản vay
cấp cho doanh nghiệp, hợp tác xã và hộ gia đình doanh nghiệp.

III. Vietnamese-English translation

4. Trước VnDirect, nhiều tổ chức phân tích khác cũng đưa ra ước tính về lượng room tín
dụng được nới trong đợt vừa qua với quy mô chỉ vào khoảng 175.000 – 200.000 tỷ đồng.
Đồng với, các đơn vị này cũng dự báo NHNN sẽ có thêm đợt nới thêm room tín dụng cho các
ngân hàng thương mại trong thời gian tới.

 Before VnDirect, many analytical organizations also estimated the credit amount
expanded with the scale of about 175,000-200,000 billion VND. At the same time, these
organizations forecasted that the State Bank is going to perform/carry out credit
extensiong for commercial banks in the near future as well.

5. Còn theo Bộ phận Phân tích Chứng khoán SSI, trong đợt điều chỉnh vừa qua, mức tăng
trưởng tín dụng của toàn hệ thống ước tính sẽ tăng thêm khoảng 2%, thấp hơn so với các kỳ
vọng của thành viên trên thị trường. Do đó, dư địa để NHNN sẽ có thêm một đợt điều chỉnh
vào cuối năm nay vẫn còn.
 According to the Department of Securities Analysis, the credit growth rate of the
whole system is expected to increase go up by 2% in the recent last adjustment, lower
than the market’s member expectation the expectation of the market’s members.
Therefore, the State Blank still fms remaining space For another adjustment at the end
of me year.
 ĐỀ 5

A. READING, VOCABULARY AND GRAMMAR

Read the passages and answer the questions below.
In recent years, lending as'ccjated bank credit cards has been the fastest growth area in consumer lending. Bank
credit cards first became popular nearly 30 years ago. At that time, individual banks issued the cards to their
existing customers and recruited local retailers who agreed to accept them from the customers. Participating
retailers daily presented the bank with sales vouchers signed by their card-using customers, The retailers' bank
accounts then received immediate credit. less the bank's discount.
This service provided benefits to all three parties: issuing bank, cardholder and retailer. The bank fee derived
from discounting retailers' sales vouchers and charged interest on cardholder riding balances. Cardholders
enjoyed unquestionable credit from participating retailers, avoided the burden of carrying cash for large
purchases, were not worried about uncertain acceptance of written checks. Retailers expanded their sales appeal
to a growing pool of cardholders.
However, the local bank credit card had serious drawbacks. The card's usefulness was restricted to a
participating retailers in the card banks' market areas. Also, there wag strong competition among local banks
that issued credit cards. These drawbacks were overcome in the late 1960s when two national credit card
authorities emerged to replace the local bank cards.
I. Find the words/phrases in the passage having the same meaning as the follows.

1. A note on which the retailer write down the details of the voucher
sale such as date, cardholder's name, the amount and etc.
2. current (present) at a time. existing
3. minus (subtracted) less.
4. very bad points drawbacks
5. with no doubt (certain) unquestionable

II. Read the passages. Decide if the following statements are true or false. Write T for
TRUE and F for False

6. T… Credit given to consumers using credit cards has been the fastest growth in
recent years.
7. F All retailers accepted credit cards issued by banks.
8 .F Credit card holders did not have to pay interest.
9.T Accepting credit cards in selling goods or services attracted more customers.
10 F The problems with banks could not be solved.

III. Answer the following questions.

11. What kind of customers did the bank issue credit cards to?
 Existing customers
12. What did the salesperson need to do every day?
 Present sale vouchers to the bank
13. When was he salesperson's account credited?
 After the voucher is sent to the bank
14. Why was a credit card advantageous to the card issuing bank?
 Bank collected fee and charged interest on the outstandings
15. Why was the appearance of two national credit card authorities important?
 It solved the drawbacks of local bank credit cards

IV. Choose A, B, C or D which would be best

16. ………………….is a market in which there is little or no competition for a particular
type of product or service, for which there is limited demand.
 A small market B mass market C declining market D smallest market

17. The capital account, includes an economy’s transactions with nonresidents in

…………………… and in capital transfers.
A. produced, B. nonproduced, C. nonproduced, D. productive,
nonfinancial assets financial assets nonfinancial assets nonfinancial assets

18. ………………………the end of the film, we cried a lot.

A. In B. With C. On D. At

19. After the accident, he lost his…………….. for the sport.

A. feeling B. thought C. enthusiasm D. mind

20. They are black market …………………

A. profitable B. profit C. profiteers D. nonprofit

21. We want people to feel comfortable and relaxed during a negotiation because a(n) ……
atmosphere is very important.
A. formal B. informal C. sympathetic D. enthusiastic

22. The loan is…………….in monthly installments.

A. pay B. pays C. paid D. paying

23. One of the roles of the commercial bank is to…………...

A not act as a B act as a C will not act as a D be never act as a
storehouse of the storehouse of the storehouse of the storehouse of the
country or region’s country or region’s country or region’s country or region’s
wealth wealth wealth wealth

24. It' s important to…………………….between business and pleasure.

A. think B. see C. distinguish D. divide
25. Banking experts in developed countries defines a commercial bank as a ……………..

A oriented financial B profit-oriented C nonprofit-oriented D unprofit-oriented

institution. financial financial institution financial institution
institution.

B. TRANSLATION
I. English-Vietnamese translation

1) According to experts, the bank's digital transformation journey consists of three steps. The
first is digitisation - converting the traditional process to a digital one; the next is digital
transformation - digitising each part of business, enhancing customer experience; the last is
ultimately digital reinvention - combining technology and digital platforms to generate
revenue and results through innovative strategies, products and services.
 Theo các chuyên gia, hành trình chuyển đổi kỹ thuật số của ngân hàng bao gồm ba
bước. Đầu tiên là kỹ thuật số - chuyển đổi các quy trình truyền thống sang kỹ thuật số;
Tiếp theo là chuyển đổi kỹ thuật số - số hóa tất cả các bộ phận của doanh nghiệp và
nâng cao trải nghiệm của khách hàng; Cuối cùng là tái phát minh kỹ thuật số cuối cùng
và kết hợp công nghệ và nền tảng kỹ thuật số để tạo ra doanh thu và kết quả thông qua
các chiến lược, sản phẩm và dịch vụ sáng tạo.
2) UK-based HSBC opened a full-service branch in HCM City and has taken the lead in
implementing digital penetration and new technology solutions which are key focus areas at
the bank for both retail as well as corporate customers, according to an HSBC report.
 HSBC có trụ sở tại Anh đã mở một chi nhánh đầy đủ dịch vụ tại Thành phố Hồ Chí
Minh và đi tiên phong trong việc triển khai thâm nhập kỹ thuật số và các giải pháp
công nghệ mới, một lĩnh vực trọng tâm cho khách hàng bán lẻ và doanh nghiệp của
ngân hàng, theo báo cáo của HSBC.

3) “We are very proud to be the first international bank and the fifth market in the world for
HSBC to launch this innovative solution in Viet Nam. This ambitious, holistic and digitalised
solution has proved that banks and Fintech companies can flourish in partnership and will
help boost digital payments as per the Government of Viet Nam’s strategy to encourage
cashless transactions,” said Hanh Nguyen, Country Head of Global Liquidity and Cash
Management, HSBC Vietnam.
 “Chúng tôi rất tự hào là ngân hàng quốc tế đầu tiên và là thị trường thứ năm trên thế giới
để HSBC triển khai giải pháp sáng tạo này tại Việt Nam. Giải pháp đầy tham vọng,
toàn diện và số hóa này đã chứng minh rằng các ngân hàng và công ty Fintech có thể
hợp tác phát triển và sẽ giúp thúc đẩy thanh toán kỹ thuật số theo chiến lược của Chính
phủ Việt Nam nhằm khuyến khích giao dịch không dùng tiền mặt,” bà Hạnh Nguyễn,
Giám đốc Quốc gia Thanh khoản và Quản lý Tiền mặt Toàn cầu cho biết. , HSBC Việt
Nam.

II. Vietnamese-English translation

4) Chứng khoán VnDirect ước tính mức nới room trên đồng nghĩa có khoảng 279.000 tỷ
đồng vốn tín dụng sẽ được bổ sung cho nền kinh tế trong 4 tháng tới, tương đương với tăng
trưởng tín dụng thêm khoảng 2,7%.
 The Securities VnDirect estimates the above expansion means that About 279,000
billion VND of the credit capital will be added to the economy in the next four months,
equal to additional credit growth of about 2.7%.

5) Mặt khác, VnDirect nhận thấy đà giảm của giá hàng hóa thế giới và lạm phát trong nước
được kiểm soát tốt là điều kiện cho phép NHNN tiếp tục trì hoãn việc tăng lãi suất điều hành
trong năm nay. Bên cạnh đó, Chính phủ cũng đã quyết liệt sử dụng chính sách tài khóa để san
sẻ gánh nặng với chính sách tiền tệ trong mục tiêu quan trọng là kiềm chế lạm phát thông qua
việc giảm thuế, phí đối với một số mặt hàng thiết yếu (điển hình là xăng dầu).
 Besides, VnDirect stated that declining tendency of the world's commodity prices
and well-control measures for domestic inflation are the favourable conditions that
enable the State Bank to continue postponing the increase of operating interest rate this
year. The Government also actively used fiscal policies to share the burden with
moneytary oncs for completing the major/important aims/targets/goals to
curbe/decrease/reduce/prevent inflation by/via/through reducing taxes, fees for some
essential commodities. (Petrol is a typical example).
 ĐỀ 6
A. READING, VOCABULARY AND GRAMMAR
Read the passages and answer the questions below.

The rapid development of factwing in recent years has proved its importance to all parties (factor, supplier and
buyer) involved, especially to the suppliers, who have to supply goods on credit because of the tough
competition - an inevitability(ko thể tránh khỏi) in the free market.
Factoring enables the suppliers to raise money from the unpaid invoices(hóa đơn chưa trả), solving the shortage
of capital for their further oroduction. Another advantage is that they do not have to employ extra staff to collect
payments from their customers and pay interest on the money used by their customers. Moreover, the suppliers
can take advantage of factoring services to regulate their cash flow position. that is to avoid the negative cash
now position by agreeing with a factoring company (usually a bank) the date they pay money for the unpaid
invoices. The suppliers can then, use this money to settle some fixed payments such as salary and wage
payments to employees, business taxes, insurance premiums and other fixed debts.
However, the factors would provide factoring services for the suppliers only if they were able to assess the risk
of the customers given credit. They need to assess the debtor's credit status and creditworthiness before they
decide to purchase the suppliers accounts receivable. The information on credit rating is hard to come by in
Vietnam at present. The credit bureaus of banks are not modern enough and do not have the sufficient credit
information on necessary customers. It is the main reason why the etnamese banks have not provided factoring
services.
I. Read the passage and fill in the gaps with words/phrases from the above text.
1. It is very …tough……finding a good job these days.
2. The train was……inevitably……delayed by the accident.
3. She has taken… advantage of……my generosity.
4. The amount of money I have to pay for insurance every month is… insurance premiums
5. Sometimes, banks provide finance against accounts receivable

II. Answer the following questions

6. How many advantages of factoring to the suppliers according to the text?
 There are 3 advantages of factoring to the suppliers …
7. How can the suppliers use factoring to regulate their cash flow position?
Agree with the factor to the date on which he will get paid money for the invoices, use
this money to settle some fixed payments
8. When does a factoring service become feasible?
Were able to assess the buyer’s risk
9. Why is factoring not available in Vietnam?
the information on credit ratings is hard to come by

III. Read the passage. Decide if the following statements are true or false. Write T for
TRUE and F for False
10 T Factoring is advantageous to not only supplier, but factor and buyer as well.
11 F. Suppliers have to sell on credit due to the shortage of capital.
12 F It costs the suppliers nothing if their customers delay the payment or do not pay.
13 T Obtaining money from the unpaid invoices will solve the shortage of capital for
the supplier.
14 T Factoring has not been popular in Vietnam because it is very difficult for banks
to carry out the credit management.
15 F The factors do not need to evaluate the debtor's credit status before deciding to
transact the supplier's account receivable.
IV. Choose A, B, C or D which would be best
16. He can ……………a lot of money from this investment.
A earns B earn C earning D earned

17. The foreign exchange market plays an/a …………………….part in the market economy.
A. unnecessary B. indispensable (ko C. unimportant D. needed
thể thiếu)
18. To fight against poverty, we need to find…………… to serious unemployment problems.
A. solutions B. methods C. ways D. alternatives
19. We can choose either ABB Bank or VP Bank because both have excellent
reputation(danh tiếng) in ……………………service.
A. legal B. financial C. construction D. insurance
20. One of the characteristics of an export working capital facility is …………
A. The exporter faces B. The importer faces C. The exporter and D. The exporter
significant risk of significant risk of non- importer face doesnot face significant
non-payment unless payment unless proper significant risk of non- risk of non-payment
proper risk mitigation risk mitigation payment unless proper unless proper risk
measures are used. measures are used. risk mitigation mitigation measures
measures are used. are used.
21. The Prime Minister is to meet his European……………to discuss the war against drugs.
A. friends B. counterparts(ng C. enemies D. neighbours
tương đương)
22. Current account includes …………………………………………
A. trade balance, B. trade balance, C. goods, services, D. services, incomes
goods, services, and goods, services, incomes and current and current transfers
current transfers incomes and current transfers
transfers
23. He's got a job………..kitchen equipment in a department store. He explains customers
how to use the equipment.
A. demonstrating B. delivering C. maintaining D. installing
(biểu diễn)
24. Our work is hard, but high salary and big bonus may prove sufficient………….
A. responsibility B. compensation(bù C. toughness D. consistency
đắp, khỏa lấp)
25. He was ………and seriously injured by a gang of youths.
A. played B. cheated C. treated D. attacked

B. TRANSLATION
I. English-Vietnamese translation
1. The bank meanwhile continues to provide credit and other products and services to
customers in line with its business strategy and growth [Link] is also taking a number of
measures to support other groups of customers and mitigate their [Link] instance, it
is disbursing a VND10 trillion ($423.48 million) loan package for workers at half the market
interest rate through its finance company HD SAISON.
 Trong khi đó, ngân hàng tiếp tục cung cấp tín dụng và các sản phẩm dịch vụ khác
cho khách hàng phù hợp với chiến lược kinh doanh và mục tiêu tăng trưởng, đồng thời
thực hiện một số biện pháp để hỗ trợ các nhóm khách hàng khác và giảm thiểu khó
khăn cho họ. Gói vay 10 nghìn tỷ đồng (423,48 triệu USD) dành cho công nhân với lãi
suất chỉ bằng một nửa thị trường thông qua công ty tài chính HD SAISON.

2. Moody's has upgraded the long-term local (LC) and foreign currency (FC) deposit and
issuer ratings of eight banks by one notch (Vietcombank, BIDV, OCB, SeABank, TPBank,
Agribank, VIB and VietinBank) and the LC and FC Counterparty Risk Ratings and
Counterparty Risk Assessment of seven banks by one notch (BIDV, Agribank, VietinBank,
ABBank, LienVietPostBank, SHB and MSB).
 Moody's đã nâng xếp hạng nhà phát hành và tiền gửi nội tệ (LC) và ngoại tệ (FC) dài
hạn của tám ngân hàng lên một bậc (Vietcombank, BIDV, OCB, SeABank, TPBank,
Agribank, VIB và VietinBank) và Đối tác LC và FC Xếp hạng rủi ro và Đánh giá rủi ro
đối tác của bảy ngân hàng theo một bậc (BIDV, Agribank, VietinBank, ABBank,
LienVietPostBank, SHB và MSB).
3. Amid the complex international situation leading to over 30 rating downgrades globally
over the past eight months, Viet Nam is the only country in the Asia-Pacific and one of the
four in the world to record a rating upgrade by Moody's since the beginning of 2022. The
Ministry of Finance said the upgrade of Viet Nam’s sovereign rating to Ba2 shows the
Moody’s recognition of the country’s increasing economic strength and better resilience to
external macroeconomic shocks compared to others with the same rating.
 Trong 8 tháng qua, tình hình quốc tế phức tạp đã dẫn đến hơn 30 lần hạ xếp hạng
trên toàn thế giới, Việt Nam là quốc gia duy nhất trong khu vực châu Á - Thái Bình
Dương và là một trong 4 quốc gia được Moody's nâng xếp hạng kể từ đầu năm 2022.
Việc nâng xếp hạng chủ quyền của Việt Nam lên Ba2 cho thấy Moody's nhận ra sức
mạnh kinh tế ngày càng tăng của đất nước và khả năng chống chọi tốt hơn với các cú
sốc kinh tế vĩ mô bên ngoài so với các quốc gia khác có cùng xếp hạng, Bộ Tài chính cho
biết.

II. Vietnamese-English translation

4. Theo Chứng khoán ACB, hạn mức tăng trưởng tín dụng toàn ngành vừa được nới khoảng
2%, tương đương với 200.000 tỷ đồng. ACBS phân tích, tăng trưởng tín dụng đến cuối tháng
8 là 9,9%, nên để đạt được mục tiêu tăng trưởng tín dụng 14% hàng năm, sẽ cần một đợt điều
chỉnh hạn mức khác trước khi kết thúc năm 2022.
 According to ABC Securities, the credit growth limit of the whole industry has just
been expanded about by 2%, equal to 200,000 billion VND.I ABC Securities analyzed
that the credit growth up to August will be 9.9%; therefore, the State Bank needs
another credit limit adjustment by the end of 2022 to/in order to achieve/obtain/reach
the annual goal/target of 14 – percent credit growth of 14-percent credit growth
annually.
5. Cụ thể, Ngân hàng TMCP Công thương Việt Nam - VietinBank (HoSE: CTG ) chi nhánh
Nam Thăng Long thông báo về việc có nhu cầu bán toàn bộ khoản nợ bao gồm cả gốc, lãi và
phí của Công ty TNHH Trường Minh để xử lý thu hồi nợ vay. Theo đó, tính đến 19/9, tổng
dư nợ của Công ty TNHH Trường Minh là hơn 117,7 tỷ đồng. Trong đó, nợ gốc là hơn 85,2
tỷ đồng, còn lại là dư nợ lãi, lãi phạt.
 Specially, Vietin Bank – Vietnam Joint Stock Commercial Bank, Nam Thanh Long
branch announced/informed (about the need) to sell total debts including
Principal/original debt, interest and fee of Truong Minh Limited Company to deal
With/solve/handle the loan recovery. According to this bank/this information source,
the Total debts/loans of Truong Minh Limited Company was over 117.7 billion VND by
the Nineteenth of September. Among these debts, principal debt was over 85.2 billion
VND, While the remaining ones/debts were interest balance and penalty interest.
 ĐỀ 7
A. READING, VOCABULARY AND GRAMMAR
Read the passages and answer the questions below.
The bank of England is the central bank of the UK. For historical reasons, it is divided into (chia ra) Issue and
Banking Department, each with separate balance sheets.
The Issue Department is responsible for issuing banknotes(phát hành tiền), shown as liabilities. To introduce
notes into circulation(đưa tiền vào lưu thông), the Issue Department purchases financial securities: bills and
bonds issued by the government, commercial firms, or local authorities. These are shown as assets of the Issue
Department. The exchange of high powered money for financial securities is called an open market operation.
The Banking Department acts as banker to the commercial banks and to the government Public deposits and
bankers’ deposits are deposits by government and commercial banking system. Reserves and other accounts are
deposits by central banks of other countries, by domestic local authorities, and by nationalized industries.
Assets are government securities (giấy tờ có giá) (loans to the government) and advances. Advances are loans to
the banks . Other assets include physical capital, buildings and equipment, and securities issued by private firms
or local authorities.
In practice, the activities of the Issue Department and the Banking Department are carefully coordinated(liên
quan, hợp tác). Although much of The Bank’s balance sheet resembles the one of a commercial bank, there is
one crucial difference. There is no possibility that the Bank can go bankrupt. The unique feature of the central
bank’s liabilities is that it can create them in unlimited qualities without fear of bankruptcy. This was not always
so. In the days of the gold standard, notes could be cashed in for gold and the central bank might not have had
sufficient gold to pay. Nowadays there is no such obligation. The Bank can always meet withdrawals by its
depositors by printing new banknotes.
I. Find word/phrase in the text to fill in the blanks, changing its form if necessary
1. A balance sheet consists of assets and debts…liabitities…
2. Bills and bonds issued by the government, commercial firms, or local authorities are……
finacial security………………………………..
3. Financial securities issued by the government, commercial firms, or local authorities are
shown as …assets…..of the……Issue…Department
4. ‘in theory’ is the opposite of ……in practice……………………………..
5. We need to…coordinate…………….with each other carefully to enhance the business.
6. Our business situation……resembles………….that of Hoa Mai company (similar to)
7. That too many customers ran to withdraw money from the bank some days ago made it…
go bankrupt…
8. In …the day of gold standard……………….money is completely guaranteed by gold.
II. Answer the questions
9. What is the name of the central bank in England?
The bank of Endland
10. How many departments does The Bank of England have?
2
11. What are the functions of the Issue Department?
Issuing banknote
12. What forms the liabilities of the Issue Department?
banknotes
13. What is the crucial difference in the balance sheet between The Bank and a commercial
bank?
There is no possibility that the Bank can go bankrupt
14. Why can not The Bank go bankrupt?
 that it can create them in unlimited qualities without fear of bankruptcy.
15. Can the bank meet withdrawals?
The Bank can always meet withdrawals by its depositors by printing new banknotes.
III. Choose A, B, C or D which would be best

16. He can ……………a lot of money from this investment.

A earns B earn C earning D earned

17. The foreign exchange market plays an/a …………………….part in the market economy.
A. unnecessary B. indispensable C. unimportant D. needed

18. To fight against poverty, we need to find…………… to serious unemployment problems.

A. solutions B. methods C. ways D. alternatives

19. We can choose either ABB Bank or VP Bank because both have excellent reputation in
……………………service.
A. legal B. financial C. construction D. insurance

20. One of the characteristics of an export working capital facility is …………

A. The exporter B. The importer C. The exporter and D. The exporter
faces significant faces significant risk importer face doesnot face
risk of non- of non-payment significant risk of significant risk of
payment unless unless proper risk non-payment unless non-payment unless
proper risk mitigation measures proper risk proper risk
mitigation are used. mitigation measures mitigation measures
measures are used. are used. are used.

21. There has been a wild…………….. in dollars in some past days.

A fluctuating B fluctuation (N) C will fluctuate D fluctuate
(sự xao động)

22. I didn’t have much time yesterday so I only……………..the web to get main information
A browsed (lướt B searched C browsing D downloaded
web)

23. The cost of housing, ............. mortgage interest payments has more than doubled from 9%
to 20%.
A included B include C not include D including

24. Flight VN 89 is leaving from ………………………..15

A gate (cửa) B stop C platform D station
25. You must supply documents……accordance…..the terms specified in the contract.
A in/with B with/with C in/of D in/in

B. TRANSLATION
I. English-Vietnamese translation

1. The State Bank will continue to adjust credit growth in accordance with Directive No
01/CT-NHNN dated January 13, 2022 on organising the implementation of key tasks in the
banking sector. In 2022, the central bank has created favourable conditions for people and
businesses to access credit, and support the country’s economic recovery.
 Ngân hàng Nhà nước sẽ tiếp tục điều chỉnh tăng trưởng tín dụng theo Chỉ thị số
01/CT-NHNN ngày 13/01/2022 về tổ chức thực hiện các nhiệm vụ trọng tâm ngành ngân
hàng. Năm 2022, NHNN tạo mọi điều kiện thuận lợi để người dân, doanh nghiệp tiếp
cận tín dụng, hỗ trợ phục hồi kinh tế đất nước.
2. Since the beginning of this year, global inflation has increased rapidly due to the escalation
of prices of many goods and raw materials caused by the Russia-Ukraine conflict and the
disruption of the global supply chains. High inflation pressure has affected daily life and
macroeconomic stability in many countries. As a result, most central banks globally have
taken strong measures to tighten monetary policy and raise interest rates to control inflation.
 Lạm phát toàn cầu đã tăng nhanh kể từ đầu năm nay do xung đột Nga-Ukraine và
gián đoạn chuỗi cung ứng toàn cầu khiến giá nhiều hàng hóa và nguyên liệu thô tăng
cao. Áp lực lạm phát cao ảnh hưởng đến cuộc sống hàng ngày và ổn định kinh tế vĩ mô
ở nhiều quốc gia. Do đó, hầu hết các ngân hàng trung ương trên thế giới đã thực hiện
các biện pháp mạnh mẽ để thắt chặt chính sách tiền tệ và tăng lãi suất để kiểm soát lạm
phát.

3. In order to obtain the country’s GDP growth target of between 6-6.5 per cent and an
average inflation rate of 4 per cent set by the National Assembly and the Government, the
SBV has continued to regulate monetary policies actively, flexibly and strictly cooperate with
fiscal policies and other macroeconomic policies to control average inflation at about 4 per
cent according to objectives in 2022
 Để đạt được mục tiêu tăng trưởng GDP từ 6% đến 6,5% và lạm phát trung bình 4%
do Quốc hội và Chính phủ đề ra, NHNN tiếp tục tích cực điều tiết chính sách tiền tệ,
Phối hợp linh hoạt và chặt chẽ với chính sách tài khóa và các chính sách kinh tế vĩ mô
khác theo mục tiêu đến năm 2022, giữ lạm phát trung bình khoảng 4%.

II. Vietnamese-English translation

4. Vào tuần trước, VietinBank chi nhánh Tuyên Quang cũng đã thông báo bán đấu giá tài sản
của Công ty TNHH Vĩnh Hóa (Công ty Vĩnh Hóa). Tài sản đấu giá gồm toàn bộ tài sản gắn
liền với đất là toàn bộ các hạng mục công trình của Dự án nhà máy gạch Tuynel Tân Bắc,
công suất 75 triệu viên/năm được xây dựng tại thôn Nậm Sú, xã Tân Bắc, huyện Quang Bình,
tỉnh Hà Giang.
 Last week, VietinBank Tuyen Quang branch also announced the auction of assets of
Vinh Hoa Co., Ltd (Vinh Hoa Company). The auctioned asset includes all assets
attached to the land, which are all work items of the Tan Bac Tuynel brick factory
project, with a capacity of 75 million bricks/year, built in Nam Su village, Tan Bac
commune. Quang Binh district, Ha Giang province.

5. Giá khởi điểm đấu giá ngân hàng đưa ra là 70,6 tỷ đồng, người tham gia đấu giá cần đặt
cọc trước 10 tỷ đồng. Tài sản dự kiến được đấu giá tại Trung tâm dịch vụ đấu giá tài sản TP
Tuyên Quang, tỉnh Tuyên Quang . Thời gian tiếp nhận hồ sơ tham gia đấu giá từ ngày 8/9
đến ngày 3/10.
 The starting price offered by the bank is 70.6 billion VND, auction participants need
to deposit 10 billion VND in advance. The property is expected to be auctioned at the
Property Auction Service Center in Tuyen Quang City, Tuyen Quang Province. The
time to receive bids for participation in the auction is from September 8 to October 3.
 ĐỀ 8

A. READING, VOCABULARY AND GRAMMAR

Read the passages and answer the questions below.

A rate of exchange is the rate at which banks sell or buy one currency in exchange for
another. The popular press frequently gives news of rate of exchange between the pound
(sterling) and the US dollar. A rate of $1.54 to £1, for example, may be quoted as the closing
rate on a particular day. This would be a middle rate between the rate at which banks are
selling US dollars in exchange for sterling and the rate at which banks are buying dollars for
Sterling, but it gives a rough indication to the public of how many dollars can be bought for
£1 or how many dollars are needed to buy £1. The banks’ selling rate for a currency will
always be lower than their buying rate and you will have to make a clear distinction between
the two.
You are also probably aware that rates of exchange fluctuate so that one currency weakens
and the second currency strengthens in relation to each other. Fluctuating exchange rates
presents a serious business risk to overseas traders and its management is an important aspect
of foreign exchange dealings. Exchange rates fluctuate continuously whenever they are
allowed to respond to the pleasures of supply and demand in the foreign exchange markets.
Nowadays, exchanges rate between all the world’s major currencies are allowed to fluctuate
in the market, at least within certain limits.
There are a number of factors which contribute towards fluctuation in exchange rates, but all
of the factors are associated with supply and demand. Fluctuations in exchange rates are
caused by an excess of supply over demand, or vice versa. For example, if demand to buy US
dollars and sell Sterling exceeds the counterbalancing demand to buy Sterling and sell US
dollars, Sterling will lose value against the US dollar. (here demand for buying and selling
refers to demand of customers not dealers because when a customer buys, a dealer sells.

I. Find words/phrases in the text which means:

1. the rate quoted at the end of business day………..closing rate……….

2. popular newspapers, magazines………… popular press ………………
3. average ration between selling and buying prices…… middle rate ………..
4. not exact indication……rough indication………..
5. difference……distinction………
6. the movement of a currency depends on ……supply……and……demand……
7. a feature………aspect………..
8. USD, FRF, GBP, JPY...are……major currencies……….
9. result from……be caused by………….
10. be over……exceed………

II. Read the passages. Decide if the following statements are true or false. Write T for
TRUE and F for False
11. From middle rate, customers can know the buying price of a currency F
12. Closing rate is the same as Middle rate T
13. The banks in England always buy high and sell low T
14. Nowadays all currencies in the world are allowed to fluctuate F
15. The fluctuation of a currency depends on only supply of and demand for that currency T

III. Choose A, B, C or D which would be best

16. I just want to make sure everything so please phone them and……….. my flight details.
A find B test C confirm D examine
17. All trains to the city centre leave from………….5.
A gate B platform C station D railway
18. Is the flight……………………or is there a stopover in Rome?
A straight B line C ahead D direct
19. Which of the following verbs doesn’t go with “a reservation ”?
A to make B to change C to do D to confirm
20. Sometimes, I go by bus. That…………………..me about 20 minutes.
A takes B spends C costs D loses
[Link] you, I have passed the exam. Without your help I ………...
A. would have B. failed C. would fail D. had failed
failed
22. ……………..is the most popular bank account.
A. deposit account B. savings account C. current account D. L/C

23. A current account holder can withdraw money from his account………
[Link] he B. at maturity C. after he sends a D. twice a month
wants notice
24. A deposit account owner is given a ………….
A. cheque book B. passbook [Link] card D. bill of lading

25. Before withdrawing money from a deposit account, the holder needs to send….
A. his passbook B. a notice C. his cheque book D. L/C
B. TRANSLATION

I. Vietnamese-English translation

1) Từ đầu năm, tình hình kinh tế thế giới đang có nhiều dấu hiệu bất ổn, như việc lạm phát
trên toàn cầu liên tục leo thang, các căng thẳng địa chính trị tại khu vực châu Âu, tình hình
dịch bệnh vẫn chưa hoàn toàn được giải quyế[Link] bối cảnh đó, các cơ quan điều hành đã
phải có những biện pháp điều hành chặt chẽ hơn đối với thị trường tài chính ngay từ đầu năm.
 Since the beginning of the year, the world economic situation has shown many signs
of instability, such as the continuous escalation of global inflation, geopolitical tensions
in the European region, the epidemic situation has not been completely resolved. In that
context, the governing bodies had to take stricter measures to regulate the financial
market from the beginning of the year.

2) Bên cạnh đó, thời gian vừa qua đã ghi nhận sự tăng trưởng nhanh ở dòng vốn vào hoạt
động kinh doanh mạo hiểm. Trong khi đó, từ đầu năm nay, nền kinh tế bắt đầu ghi nhận
những dấu hiệu phục hồi sau dịch. Theo các chuyên gia, việc này sẽ khiến cho nhu cầu vốn
của có phần cao hơn so với mọi năm. Thực tế, các báo cáo của Ngân hàng Nhà nước
(NHNN) cũng cho thấy điều này, khi mà chỉ trong 8 tháng đầu năm tín dụng đã tăng 9,91%
so với cùng kỳ năm trước.
 In addition, the recent time has recorded a rapid growth in capital inflows into
venture business. Meanwhile, from the beginning of this year, the economy began to
show signs of recovery after the epidemic. According to experts, this will make your
capital needs somewhat higher than every year. In fact, the reports of the State Bank
(SBV) also show this, when in the first 8 months of the year credit increased by 9.91%
over the same period last year.

3) Vì vai trò quan trọng của nguồn vốn tín dụng và đảm bảo cho phục hồi cũng như phát triển
kinh tế sau đại dịch, nên từ đầu năm dòng vốn từ các ngân hàng là một trong những nguồn
được điều tiết đầu tiê[Link] báo cáo tài chính gần nhất, hiện lợi nhuận từ hoạt động tín dụng
đang chiếm khoảng 70-90% tổng thu nhập của các ngân hàng.
 Because of the important role of credit capital and ensuring economic recovery and
development after the pandemic, from the beginning of the year capital flows from
banks were one of the first regulated sources. In the most recent financial year,
currently profits from credit activities account for about 70-90% of the total income of
banks.

II. English-Vietnamese translation

4) HDBank's shareholders have voted in large numbers in favour of all the proposals made by
the board of directors, including participation in the restructuring of a credit institution in the
form of compulsory sale of a specially-controlled joint stock commercial bank, which
received approval from 81.52 per cent of voting shareholders.
 Các cổ đông của HDBank đã bỏ phiếu thuận cho tất cả các đề xuất của Hội đồng
quản trị, bao gồm cả việc tham gia tái cơ cấu tổ chức tín dụng theo hình thức buộc bán
một ngân hàng thương mại cổ phần được kiểm soát đặc biệt, được 81,52% cổ đông có
quyền biểu quyết chấp thuận.

5) According to the proposal, the participation in the restructuring of a credit institution aims
to "implement the direction of the Government and the State Bank of Viet Nam on
restructuring the system of credit institutions, contributing to the healthy and stable
development of the banking system and economy, besides creating opportunities to bring
benefits and added value to HDBank and its shareholders.”
Theo đề xuất, việc tham gia cơ cấu lại tổ chức tín dụng nhằm “thực hiện chỉ đạo của
Chính phủ, Ngân hàng Nhà nước Việt Nam về cơ cấu lại hệ thống các tổ chức tín dụng,
góp phần vào sự phát triển lành mạnh, ổn định của hệ thống ngân hàng và kinh tế, bên
cạnh việc tạo cơ hội mang lại lợi ích và giá trị gia tăng cho HDBank và các cổ đông.”
 ĐỀ 9
A. READING, VOCABULARY AND GRAMMAR
Read the passages and answer the questions below.

A Giro system system is commonly used in Europe. It is a credit transaction since it is

initiated the debtor making a request to the paying bank that a credit be made to another
individual’s account.
The undoubted merit of the Giro system is the simplicity that results from the unidirectional
flow of paper and information. Consequently, many of the costs involved in cheque system
are avoided. Additionally, because the transactions involve an initial debit and subsequent
credits to account, the default risk is reduced once the transactions begin. The drawback of
the Giro system is, however, readily apparent. It relies upon the debtor (purchaser) initiating
the transaction. The creditor thus loses control over the implementation of the payment which
the debtor has an obvious incentive to delay and is uncertain about receiving payment until
notification is given. Consequently, Giro transactions are not suitable for large number of
transactions where the seller of goods has no way of influencing the purchasers actions, and
there may be a greater use of cash for day-to-day transactions in comparison with countries
which use cheques. The Giro system is particularly suitable for payments where the goods are
supplied in advance of payment on a regular basis. Payments to public utilities for electricity,
gas and water are obvious examples. This commonality in many payments can be exploited
in the bill-paying services offered by some banks, building societies and credit unions, which
effectively substitute a credit for a debit transfer.

I. Find the words/phrases in the passage having the same meaning as the follows.

1. a certain positive point Undoubted merit

2. public service Public utility
3. encouragement incentive
4. payment for transactions which are carried out regularly Payment on a regular basis
5. an organization which accepts deposits and lends money Building society
to customer who want to buy or to rent houses, flats

II. Read the passages. Decide if the following statements are true or false. Write T for
TRUE and F for False

6. F Giro transaction is a credit transaction because it involves initial credit and subsequent debit.
7. T Giro system has both advantages and disadvantages.
8 F In Giro system, papers and information are sent in different directions.
9 T With Giro, the creditor is not certain about receiving payment until notification is given.

10 T Bill- payment services offered by banks are normally carried out through Giro system.
III. Answer the following questions.
11. What are the disadvantages of Giro system?
 Creditor loses control over the implementation of payment and not certain about
receicving payment
12. Why can not the creditor control the implementation of the payment?
 Debtor initiates the transaction
13. What kinds of transaction should not be used by Giro system?
 Transactions where seller has no way of influencing the buyer to pay
14. Why is default risk in Giro system reduced when transactions begin?
 Initial debit and subsequent credit
15. Name two bill- paying services mentioned in the passage?
 Paying for electricity and gas
IV. Choose A, B, C or D which would be best

16. If you want to borrow money form a third party, you may have to supply a…………..
A banker’s support B banker’s C banker’s promise D banker’s reference
promising
17. In multinationals, ……………… positions are often for foreigners.
A. manage B. management C. managerial D.B& C

18. She ………….the paper for damages after they wrongly described her as a prostitute.
A. rewarded B. sued C. argued D. negotiated

19. If I had a car, I………………to my parents every week.

A. will go B. went C. would go D. go

20. The foreign exchange market, commonly referred as ………………… is a form of

exchange for the global decentralized trading of international currencies.
A. floating market B. currency market C. forex, FX D. forex, FX, or
currency market

21. I'll get lost if you……………………with me.

A. don't go B. didn't go C. wouldn't go D. won't go

22. Components of balances of payments are ……………………………………..

A. capital and B. current account C. personal account D. current account
financial account and capital account and capital account and capital and
financial account

23. Which of the following do you use to plan your day?

A…………………………..
A. book B. desk diary C. brochure D. poster

24. In the long term………….is due to increase in the price of raw materials. This is the
situation where prices rise to keep up with increased production cost.
A. devaluation B. inflation C. recession D. deinflation

25. Which of the following is used to memorize new words?

A. making B. writing an article C. practicing yoga D. doing maths
sentences
B. TRANSLATION
I. English-Vietnamese translation
1. According to VDSC, the SBV is under pressure to loosen credit as the SBV’s statistics
showed credit growth as of August 15 this year reached more than 9.6 per cent, up some 1.5
times compared to the same period last year. It meant that credit from August 15 to the end of
the year will be allowed to increase by only 4.4 per cent or about VND457.45 trillion, less
than half of the credit demand from the beginning of the year to August 15.
 Theo VDSC, NHNN chịu áp lực nới lỏng tín dụng khi thống kê của NHNN cho thấy
tăng trưởng tín dụng tính đến ngày 15/8 năm nay đạt hơn 9,6%, tăng khoảng 1,5 lần so
với cùng kỳ năm trước. Nghĩa là tín dụng từ 15/8 đến cuối năm chỉ được phép tăng
4,4%, tương đương khoảng 457,45 nghìn tỷ đồng, chưa bằng một nửa nhu cầu tín dụng
từ đầu năm đến 15/8.
2. Capital demand accelerated sharply in the first half of the year. In the first seven months of
2022, the number of newly established and re-operating enterprises increased by 17.9 per
cent and 49.7 per cent respectively over the same period. This implies that the capital demand
for enterprises to return to operation and their capital need for new investment is still quite
large.
 Nhu cầu vốn tăng mạnh trong nửa đầu năm. Bảy tháng đầu năm 2022, số doanh
nghiệp thành lập mới và doanh nghiệp quay trở lại hoạt động tăng lần lượt 17,9% và
49,7% so với cùng kỳ. Điều này cho thấy nhu cầu vốn để doanh nghiệp quay trở lại hoạt
động và nhu cầu vốn để đầu tư mới còn khá lớn.
3. Besides, the tightening will also affect the implementation of the 2 per cent interest rate
support package in the Government’s economic recovery and development programme. The
disbursement of the VND40 trillion support package has remained limited after nearly three
months of implementation. The central bank reported commercial banks lent nearly VND4.1
trillion to nearly 550 customers under the package.
 Bên cạnh đó, việc thắt chặt cũng sẽ ảnh hưởng đến việc thực hiện gói hỗ trợ lãi suất
2% trong chương trình phục hồi và phát triển kinh tế của Chính phủ. Sau gần 3 tháng
triển khai, việc giải ngân gói hỗ trợ 40 nghìn tỷ đồng còn hạn chế. Ngân hàng trung
ương cho biết các ngân hàng thương mại đã cho gần 550 khách hàng vay gần 4,1 nghìn
tỷ đồng theo gói.
II. Vietnamese-English translation
4. Hội đồng Quản trị Ngân hàng TMCP Việt Nam Thịnh Vượng (VPBank) mới đây đã phê
duyệt ngày đăng ký cuối cùng thực hiện quyền của đợt phát hành tăng vốn cổ phần từ nguồn
vốn chủ sở hữu.Cụ thể, ngày đăng ký cuối cùng hưởng quyền là 29/9. Tương ứng ngày giao
dịch không hưởng quyền là 28/9.
 The Board of Directors of Vietnam Prosperity Joint Stock Commercial Bank
(VPBank) recently approved the last registration date to exercise the right of the
issuance to increase share capital from equity. Specifically, the last registration date.
entitled to 9/29. Correspondingly, the ex-rights date is September 28.
5. Theo kế hoạch, VPBank dự kiến phát hành hơn 2,237 tỷ cổ phiếu cho cổ đông để tăng vốn.
Tỷ lệ thực hiện quyền là 2:1, tức cổ đông sở hữu hai cổ phiếu phổ thông tại ngày chốt quyền
sẽ được nhận thêm một cổ phiếu mới. Nguồn phát hành lấy từ lợi nhuận sau thuế chưa phân
phối là 21.002 tỷ đồng và nguồn quỹ dự trữ bổ sung vốn điều lệ là 1.374 tỷ đồng.
 According to the plan, VPBank plans to issue more than 2,237 billion shares to
shareholders to increase capital. The exercise ratio is 2:1, which means that
shareholders owning two common shares at the closing date will receive one new share.
Issuing source from undistributed profit after tax is VND 21,002 billion and reserve
fund to supplement charter capital is VND 1,374 billion.
 ĐỀ 10

A. READING, VOCABULARY AND GRAMMAR

I. Read the passages and answer the questions below.

An overdraft is a facility (1. grant) ……granted………….to a customer whereby he can

overdraw his current account up to an agreed limit.
From the customer's point of view, the overdraft is the cheapest form of ([Link]) ……
borrowing………………..as he pays only what he uses. It gives him greater flexibility. He
can at any time deposit money into the account to reduce the outstanding balance or he can
draw out money whenever he needs it as long as he does not exceed the limit. Interest is
calculated (3. day)…daily……………on the (4. fluctuate) ……
fluctuating…………….outstanding balance and is (5. normal)……normally………..
charged at the end of each month. From the bank's point of view the overdraft has the
advantage that it is self- (6. liquidate)……liquidating……………..by the normal turnover of
the account though it often has a tendency to develop into hard- core (7. lend)…
lending……..
Whether a banker makes an advance by way of overdraft is usually a matter of the (8.
appropriate)…appropriateness…………………..of the facility. A (9. satisfy)…
satisfactory… overdraft account is one with a balance that fluctuates between debit and
credit over a (10. reason)…reasonable……. period.

[Link] the passage. Find the words/phrases in the passage to fill in the gaps below
[Link] are three main kinds of bank: central, …commercial………………and
development banks.
12……Inventory………………is the same as stock consisting raw materials, unfinished
goods and unsold finished goods.
13. A…secured……loan means a loan with security.
14. Payables is opposite "…receivables……"
15. This commercial paper has a…maturity……….of one year (the company will have to
pay the principal and interest in one year's time.)

IV. Choose A, B, C or D which would be best

16. Over the last month, oil prices have fluctuated wildly ...............$96..............$123
A from/to B C in/of D between/and
to/from
17. Prices rocketed ..............the beginning of the month and reached a new peak...........$45
A in/to B at/of C in/of D on/at
18. These three items ................nearly 50% of all family expenditure.
A made of B made C account to D made in
up
19. Spending .............alcoholic drinks was at 3%.
 A B to C in D on
for
20. ……is the place where exchange activities occur.
A exchange B money market C floating D floated market
market market

21. Someone ……………….your glasses if you leave them there.

A. is B. would steal C. will steal D. stole
stealing

22. In the long term ……….is due to increase in the price of raw materials. This is the
situation where prices rise to keep up with increased production cost.
A. devaluation B. inflation C. recession D. crisis
23. In a accordance with our usual terms, payment will be by …………This is a letter from a
bank authorizing payment of a certain sum to a person or a company.
A. B. banker’s draft C. letter of credit D. cash on delivery
cheque
24. We enclose our……….., which is a formal request for payment
A. receipt B. quotation C. commercial invoice D. bill of lading

25. The industry and construction ………..is facing difficulties due to low efficiency and
competitiveness..
A. set B. sector C. D. part
section
I. English-Vietnamese translation

1. Trade finance and bank guarantees are one of the bank’s most important service offerings,
and the implementation will now enable BIDV to meet current and future demands. Hosted
on their own servers in Ha Noi, the solutions were deployed and supported by Surecomp’s
local teams in Asia and Europe.

-> Tài trợ thương mại và bảo lãnh ngân hàng là một trong những dịch vụ quan trọng
nhất của ngân hàng và việc triển khai sẽ giúp BIDV đáp ứng nhu cầu hiện tại và tương
lai. Được lưu trữ trên các máy chủ của họ tại Hà Nội, các giải pháp đã được triển khai
và hỗ trợ bởi các nhóm địa phương của Surecomp ở Châu Á và Châu Âu.

2. This, in turn, will allow customers to manage their import and export activities better.
Taking a pioneering approach to digital innovation, the flexibility of the solutions will also
enable the bank to amend and customise their trade finance instruments as their requirements
evolve.

-> Điều này sẽ cho phép khách hàng quản lý hoạt động xuất nhập khẩu của họ tốt hơn.
Thực hiện một cách tiếp cận tiên phong để đổi mới kỹ thuật số, tính linh hoạt của các
giải pháp cũng sẽ cho phép ngân hàng sửa đổi và tùy chỉnh các công cụ tài trợ thương
mại của họ khi yêu cầu của họ phát triển.

3. “Thanks to a comprehensive collaboration between BIDV, Surecomp and CMC TS, we are
delighted to be in live production with our new digital trade finance operation. Given its high
priority, we believe in the value and competitive edge this digitalisation path brings BIDV,”
said Le Trung Thanh, BIDV’s Senior Executive Vice President.

-> “Nhờ sự hợp tác toàn diện giữa BIDV, Surecomp và CMC TS, chúng tôi rất vui
mừng được đưa vào sản xuất trực tiếp hoạt động tài trợ thương mại kỹ thuật số mới
của mình. Với ưu tiên hàng đầu, chúng tôi tin tưởng vào giá trị và lợi thế cạnh tranh mà
con đường số hóa này mang lại cho BIDV,” ông Lê Trung Thành, Phó Tổng Giám đốc
Cấp cao BIDV cho biết.

II. Vietnamese-English translation

4. Trước đó, VPBank đã được Ngân hàng Nhà nước (NHNN) đã chấp thuận việc tăng vốn
điều lệ thêm tối đa 22.377 tỷ đồng dưới hình thức phát hành cổ phiếu để tăng vốn điều lệ từ
nguồn vốn chủ sở hữ[Link] khi phát hành thành công, vốn điều lệ của VPBank sẽ đạt 67.433
tỷ đồng, vươn lên trở thành ngân hàng có vốn điều lệ lớn nhất hệ thống.

-> Previously, VPBank had been approved by the State Bank of Vietnam (SBV) to
increase its charter capital by a maximum of VND 22,377 billion in the form of share
issuance to increase charter capital from equity. If successful, VPBank's charter capital
will reach VND 67,433 billion, rising to become the bank with the largest charter capital
in the system.

5. Cụ thể, đợt 1, ngân hàng sẽ tăng vốn từ 45.056 tỷ đồng lên 67.434 tỷ đồng thông qua việc
phát hành cổ phiếu từ nguồn vốn chủ sở hữu. Đợt 2, ngân hàng sẽ phát hành riêng lẻ cho nhà
đầu tư nước ngoài tối đa 15% vốn điều lệ, nâng tỷ lệ sở hữu nước ngoài lên tối đa 30%, tương
đương phát hành thêm 1,19 tỷ cổ phiếu mới.

-> Specifically, in the first stage, the bank will increase its capital from VND 45.056
billion to VND 67.434 billion by issuing shares from equity sources. In the second stage,
the bank will separately issue up to 15% of the licensed capital to foreign investors and
increase the foreign ownership to up to 30%, equivalent to issuing 1.19 billion new
shares.
 ĐỀ 11
A. READING, VOCABULARY AND GRAMMAR
Read the passages and answer the questions below.

The factoring companies provide sales-ledger accounting and double-debt protecting services
for their customers. Most of these also offer the guarantee to on-credit buyers.
When a company sells, especially to another company, it usually supplies goods on credit. It
means that the trading is carried out immediately, but payment will take place later. The
credit period may be from one to three months or even longer, depending on the transaction
terms concerned. The capital is, therefore, tied up in unpaid invoices for that period of time,
which may hinder the business in the company. To solve this problem, a factoring company
will immediately provide the company selling on credit with an amount equivalent to the
debt. Most major banks offer the factoring services to corporate customers with the help of
their business subsidiaries. The services vary, depending on each factoring company.
However, almost all of them provide help in three main areas:
Purchasing the claims on sold goods and making immediate payment for the companies
selling on credit. The payment is limited to a certain percentage (usually 80%) of the
invoices, which have been accepted by the factors.
Providing the sales-ledger accounting, taking all the responsibility for sales accounting in a
[Link] payment for the items accepted for sales.

I. Say True or False for the following statements.

1. Most factoring companies offer the guarantee to customers buying on credit. T
2. Unpaid invoices may do harm the business of a company. T
3. Services provided by the factoring companies are the same. F
4. The factors pay 80% of all invoices. F
5. Selling on credit means that the payment will be deferred. T
II. Find word/phrase in the text to fill in the blanks, changing its form if necessary
6. The factoring company provide…factoring service……to customers.
7. They bought the wine for the party……on credit……….(not paying immediately)
8. When a customer buys something without paying money immediately means that he/she is
given…credit period……………
9. The production was…hindered…….by the lack of materials.
10. They added an ……item…………(a credit or debit) to the account.
III. Answer the following questions

11. Does a company usually supply goods for another company on COD (cash on delivery) or
on credit? on credit
12. Why does the selling on credit hinder the business in a company? because capital is tied
up in unpaid invoices, which leads to shortage of money for further production
13. How can major banks offer factoring services to corporate customers? through their
subsidiaries
14. What do you mean by ‘purchasing the claims on sold goods’? buying receivables
(unpaid invoice) for goods which have been sold
15. Will the factor companies take all the responsibility for sales accounting in a company.
Yes, they do
IV. Choose A, B, C or D which would be best
16. In accordance with our usual terms, payment will be by……………This is a letter from a
bank authorizing payment of a certain sum to a person or a company.
A banker's draft B C cheque D letter of credit
credit

17. One of the benefits of forex trading vs. equity trading is………….
A. unimportant access B. unequal access to C. equality access to D. equal access to
to market information market information market information market information

18. These shares …………………me a good return recently.

A. B. have given C. gave D. are giving
give
19. Regular automatic payments of the same amount are called…………..
A. standing orders B. standing C. direct debits D. direct orders
debits
20. Our work is hard, but high salary and big bonus may prove sufficient………….
A. B. compensation C. toughness(sự khó khăn) D. consistency
responsibility
21. Our bank is now providing ATM card for all existing customers…………….
A charge B free charge C free of D charge
freely charge
22. The foreign exchange market plays an/a …………………….part in the market economy
A unnecessary B unimportant C D indispensable
needed
23. Banks need to seek new services to meet the…………needs.
A change B C changing D unchange
changed
24. The foreign exchange market, commonly referred as ………………… is a form of
exchange for the global decentralized trading of international currencies.

A forex, B forex, FX, or currency market C floating D currency market

FX market
25. …………….will create a positive entry in a trade balance.
A an import B an C importing D borrowing
export
B. TRANSLATION
I. English-Vietnamese translation
1. “We congratulate BIDV on successfully deploying this new trade finance platform. CMC
Technology and Solution is proud to be BIDV’s technology partner in this project, with
Surecomp delivering a best-in-class solution. We will strive to provide BIDV with industry-
leading services and solutions to support them remaining at the industry forefront,” said Ho
Thanh Tung, CEO of CMC Corporation and CMC TS.
=> Ông Hồ Thanh Tùng, Tổng Giám đốc Tập đoàn CMC và CMC TS cho biết “Xin
chúc mừng BIDV đã triển khai thành công nền tảng tài trợ thương mại mới này. Công
nghệ và Giải pháp CMC tự hào là đối tác công nghệ của BIDV trong dự án này, với
Surecomp mang đến giải pháp tối ưu nhất. Chúng tôi sẽ cố gắng cung cấp cho BIDV các
dịch vụ và giải pháp đầu ngành để hỗ trợ họ duy trì vị trí dẫn đầu trong ngành”.
2. In particular, Moody's expects that in 2020, the country's central bank will grant higher
limits for loan growth to banks that have adopted Basel II and maintain good financials. The
higher growth limits will translate into larger gains in earnings and widen the profitability gap
between banks that have and have not adopted the new capital standard.
=> Cụ thể, Moody's kỳ vọng vào năm 2020, ngân hàng trung ương nước này sẽ cấp hạn
mức tăng trưởng cho vay cao hơn cho các ngân hàng đã áp dụng Basel II và duy trì tình
hình tài chính tốt. Giới hạn tăng trưởng cao hơn sẽ chuyển thành thu nhập lớn hơn và
mở rộng khoảng cách về lợi nhuận giữa các ngân hàng đã và chưa áp dụng tiêu chuẩn
vốn mới.
3. After the State Bank of Vietnam (SBV) approved VPBank to increase charter capital in the
form of share issuance from the equity source, the bank will issue a maximum of 2.23 billion
shares at the rate of 50 per cent to increase its charter capital from VND45.05 trillion to
VND67.43 trillion in the third quarter of 2022.
=> Sau khi được Ngân hàng Nhà nước (NHNN) chấp thuận cho VPBank tăng vốn điều
lệ theo hình thức phát hành cổ phiếu từ nguồn vốn chủ sở hữu, ngân hàng sẽ phát hành
tối đa 2,23 tỷ cổ phiếu tỷ lệ 50% để tăng vốn điều lệ từ 45 tỷ đồng. 0,05 nghìn tỷ đồng
lên 67,43 nghìn tỷ đồng vào quý 3 năm 2022.

II. Vietnamese-English translation

4. Nếu hoàn tất 2 đợt phát hành này, vốn điều lệ của VPBank sẽ tăng lên mức 79.334 tỷ đồng,
vượt xa các ngân hàng quốc doanh như Vietcombank, VietinBank hay BIDV. Năm 2022,
VPBank đặt kế hoạch lợi nhuận trước thuế hợp nhất tăng hơn gấp đôi, lên 29.662 tỷ đồng.
Trong đó, lợi nhuận của ngân hàng mẹ ước đạt trên 23.000 tỷ đồng, tăng trưởng 66% so với
năm trước.
=> If these two issuances are completed, VPBank's charter capital will increase to VND
79,334 billion, far exceeding state-owned banks such as Vietcombank, VietinBank or
BIDV. In 2022, VPBank plans to more than double its consolidated pre-tax profit to
VND 29,662 billion. In which, the parent bank's profit is estimated at over VND 23,000
billion, up 66% over the previous year.
5. Tổng tài sản đến cuối năm đạt 697,4 nghìn tỷ đồng, tăng trưởng 27,4% so với cuối năm
2021, trong đó, dư nợ cấp tín dụng dự kiến đạt hơn 518,4 nghìn tỷ đồng, tăng trưởng tới 35%.
Tiền gửi khách hàng và giấy tờ có giá đến cuối năm dự kiến đạt hơn 413 nghìn tỷ đồng, tăng
trưởng 27,8%. Tỷ lệ nợ xấu của ngân hàng riêng lẻ kiểm soát dưới 2%.
=>Total assets by the end of the year reached VND 697.4 trillion, an increase of 27.4%
compared to the end of 2021, of which, credit balance is expected to reach more than
VND 518.4 trillion, up 35% . Deposits from customers and valuable papers by the end
of the year are expected to reach more than VND 413 trillion, up 27.8%. The bad debt
ratio of individual banks is controlled below 2%.
 ĐỀ 12

A. READING, VOCABULARY AND GRAMMAR

Read the passages and answer the questions below.
Passage 1: CURRENT ACCOUNTS

A current account is an account which allows customers to take out or withdraw money, with
no restrictions. Money in the account does not usually earn a high rate of interest: the bank
does not pay much for ‘borrowing’ your money. However, many people also have a savings
account or deposit account which pays more interest but has restrictions on when you can
withdraw your money. Banks usually send monthly statements listing recent sums of money
coming in, called credits.
Nearly all customers have a debit card allowing them to make withdrawals and do other
transactions at cash dispensers. Most customers have a credit card which can be used for
buying goods and services as well as for borrowing money. In some countries, people pay
bills with cheques. In other countries, banks do not issue cheque books and people pay bills
by bank transfer. These include standing orders, which are used to pay regular fixed sum of
money, and direct debits, which are used when the amount and payment date varies.

Passage 2: BANKING PRODUCT AND SERVICES

Commercial banks offer loans – fixed sums of money that are lent for a fixed period (e.g. two
years). They also offer overdrafts, which allow customers to overdraw an account. That
means customers can have a debt, up to an agreed limit, on which interest is calculated daily.
This is cheaper than a loan if, for example, you only need to overdraw for a short period.
Banks also offer mortgages to people who want to buy a place to live. These are long-term
loans on which the property acts as collateral or guarantee for the bank. If the borrower does
not repay the mortgage, the bank can repossess the house or flat: the bank takes it back from
the buyer, and sells it.
Banks exchange foreign currency for people going abroad, and sell traveler’s cheques which
are protected against loss or theft. They also offer advice about investments and private
pension plans – saving money for when you retire from work. Increasingly, banks also try to
sell insurance products to their customers.

Passage 3: E-BANKING
In the 1990s, many commercial banks thought the future would be in telephone banking, and
internet banking or e-banking, but they discovered that most of their customers preferred to
go to the branches, local offices of the bank – especially ones that had longer opening, and
which conveniently situated in shopping centers.
I. The terms below are taken from the three passages. Use them to complete the
advertisement. Write your answer next to Questions 1-9 below.

credit card current debit card

direct debit accounts foreign currency
savings accounts statements traveler’s cheques
standing order

CALLING ALL STUDENTS

ACB Bank now offers 1% interest on (1) … and 2.5% on (2) … We will give you a
checkbook and plastic: a free (3) … for use in cash dispensers, and the possibility to apply
for a (4) …You can pay fixed monthly bills by (5) … and other bills by (6) … There are no
account charges as long as you remain in credit, and we send you monthly (7) … We can
also sell you (8)… for your next holiday, or (9)… for greater security. What are you waiting
for? Call us today.
1….current accounts......... 4)… credit card… 7)… statements….

2)…savings accounts.... 5)… standing order… 8) …foreign currency…

3)…. debit card……. 6)… direct debit…. 9)…traveler’s cheques…

II. Find the terms in Passage 2 with the following meanings. Write the terms next to
Questions 10-15.

10) …interest… what you earn when you leave your money in the bank

11) … loan… an amount of money borrowed from a bank for a certain length of time,
usually for a specific purpose
12)… something that acts as a security or a guarantee for a debt
collateral…
13)… overdraft… an arrangement to withdraw more money from a bank account than you
have placed in it
14)… a long-term loan to buy somewhere else to live
mortgage…
15) … to take back property that has not been completely paid for.
repossess…

III. Choose A, B, C or D which would be best

16. An LC is useful when …………………………………… is difficult to obtain.

A reliable credit B reliable credit C inreliable credit D unreliable credit
information about a information about a information about a information about a
foreign buyer foreign seller seller foreign buyer

17. I wonder ……………the tickets are on sales yet.

A. B. when C. where D. whether
what

18. Someone………………there's been an accident on the motorway.

 A. asked B. said C. spoke D. told

19. Remittance is …………………………

A. a method of transfer B. a method of payment C. type of account D. an account

20. My girlfriend always wants to get on her own. She doesn't like compromise. My friends
say she's a very……… negotiator.

A. weak B. formal C. informal D. strong

21. We want people to feel comfortable and relaxed during a negotiation because a(n) ……
atmosphere is very important.
A. formal B. informal C. sympathetic D. enthusiastic

22. The loan is…………….in monthly installments.

A. pay B. pays C. paid D. paying

23. One of the roles of the commercial bank is to…………...

A not act as a B act as a C will not act as a D be never act as a

storehouse of the storehouse of the storehouse of the storehouse of the
country or region’s country or region’s country or region’s country or region’s
wealth wealth wealth wealth

24. It' s important to…………………….between business and pleasure.

A. B. see C. distinguish D. divide
think

25. Banking experts in developed countries defines a commercial bank as a ……………..

A oriented B profit-oriented C nonprofit-oriented D unprofit-oriented

financial financial institution. financial institution financial institution
institution.

B. TRANSLATION

I. English-Vietnamese translation

1) The results are clear. The CPI, after peaking in April, slowed down rapidly and was less
than 1 per cent in August. Hopefully, with the persistent implementation of Resolution No
11, inflation will come down to a single digit in 2013.
=> Kết quả là rõ ràng. CPI sau khi đạt đỉnh vào tháng 4 đã giảm nhanh và chỉ còn dưới
1% trong tháng 8. Hy vọng với việc kiên trì thực hiện Nghị quyết 11, lạm phát sẽ xuống
một con số trong năm 2013.
2) In a comprehensive set of proposals about the nation's banking system sent on Tuesday to
newly-appointed Minister of Finance Vuong Dinh Hue and State Bank Governor Nguyen
Van Binh, The Viet Nam Association of Financial Investors also said that the central bank
should put a freeze on the establishment of new insurance and gold trading enterprises.

=>Trong một loạt các đề xuất toàn diện về hệ thống ngân hàng của quốc gia được gửi
vào thứ ba tới Bộ trưởng Bộ Tài chính mới được bổ nhiệm Vương Đình Huệ và Thống
đốc Ngân hàng Nhà nước Nguyễn Văn Bình, Hiệp hội các nhà đầu tư tài chính Việt
Nam cũng cho rằng ngân hàng trung ương nên đóng băng thành lập mới doanh nghiệp
bảo hiểm và kinh doanh vàng

3) General secretary Nguyen Hoang Hai also said that the central bank needed to consider
policies aimed at lowering lending interest rates, currently averaging a whopping 20-25 per
cent per year.

=>Tổng thư ký Nguyễn Hoàng Hải cũng cho rằng NHNN cần xem xét các chính sách
nhằm hạ lãi suất cho vay, hiện nay trung bình ở mức cao 20-25%/năm.
II. Vietnamese-English translation

4) Đây là đợt giảm lãi suất thứ 3 trong năm của những ngân hàng này. Như vậy, so với hồi
đầu năm thì hiện mức lãi suất tiền gửi kỳ hạn 1 tháng tại những ngân hàng này đã giảm từ
1,3-1,5%/năm.

=> This is the third interest rate cut of these banks this year. Thus, compared to the
beginning of the year, the 1-month term deposit interest rate at these banks has
decreased from 1.3-1.5%/year.
5) Một số ngân hàng thương mại yếu kém với thanh khoản thấp đã lộ diện và chịu sự kiểm
soát đặc biệt. Hoạt động cơ cấu lại các ngân hàng đã được đẩy mạnh, với sự hợp nhất của ba
ngân hàng thương mại: Đệ Nhất, Tín Nghĩa và Ngân hàng thương mại cổ phần Sài Gòn.

=> Some weak commercial banks with low liquidity have been exposed and are under
special control. Bank restructuring activities have been accelerated, with the
consolidation of three commercial banks: De Nhat, Tin Nghia and Saigon Commercial
Joint Stock Bank.

ĐỀ 13

A. READING, VOCABULARY AND GRAMMAR

Read the passages and answer the questions below.

I. Find the words/phrases in the passage having the same meaning as the follows.

1. A note on which the retailer write down the details of the ……voucher………….
sale such as date, cardholder's name, the amount and etc.
 2. current (present) at a time. ……existing…………..

3. minus (subtracted) ……less…………..

4. very bad points ……drawbacks…………..

5. with no doubt (certain) ……unquestionable………..

II. Read the passages. Decide if the following statements are true or false. Write T for
TRUE and F for False

6T Credit given to consumers using credit cards has been the fastest growth in recent
years.

7F All retailers accepted credit cards issued by banks.

8F Credit card holders did not have to pay interest.

9T Accepting credit cards in selling goods or services attracted more customers.

10F The problems with banks could not be solved.

III. Answer the following questions.

11. What kind of customers did the bank issue credit cards to?
Existing customers
12. What did the salesperson need to do every day?
Present sale vouchers to the bank
13. When was he salesperson's account credited?
After the voucher is sent to the bank
14. Why was a credit card advantageous to the card issuing bank?
Bank collected fee and charged interest on the outstandings
15. Why was the appearance of two national credit card authorities important?
It solved the drawbacks of local bank credit cards

IV. Choose A, B, C or D which would be best

16. ………………….is a market in which there is little or no competition for a particular

type of product or service, for which there is limited demand.
A small market B mass market C declining D smallest market
market

17. The capital account, includes an economy’s transactions with nonresidents in

…………………… and in capital transfers.
A. produced, B. nonproduced, C. nonproduced, D. productive,
nonfinancial assets financial assets nonfinancial assets nonfinancial assets
18. ………………………the end of the film, we cried a lot.
A. In B. C. On D. At
With
19. After the accident, he lost his…………….. for the sport.
A. B. thought C. enthusiasm D. mind
feeling
20. They are black market …………………
A. profitable B. C. profiteers D. nonprofit
profit
21. The Prime Minister is to meet his European……………to discuss the war against drugs.
A. B. counterparts C. D. neighbours
friends enemies
22. Current account includes …………………………………………
A. trade balance, B. trade balance, goods, C. goods, services, D. services,
goods, services, and services, incomes and incomes and current incomes and
current transfers current transfers transfers current transfers

23. He's got a job………..kitchen equipment in a department store. He explains customers

how to use the equipment.
A. B. delivering C. D. installing
demonstrating maintaining
24. Our work is hard, but high salary and big bonus may prove sufficient………….
A. B. compensation C. toughness D. consistency
responsibility
25. He was ………and seriously injured by a gang of youths.
A. played B. cheated C. treated D. attacked

B. TRANSLATION

I. English-Vietnamese translation

1) The central bank, in conjunction with the Ministry of Agriculture and Rural Development
and the Ministry of Science and Technology, has been implementing the programme since
May this year.

=> Ngân hàng Trung ương phối hợp với Bộ Nông nghiệp và Phát triển nông thôn, Bộ
Khoa học và Công nghệ triển khai chương trình từ tháng 5 năm nay.

2) According to the central bank, many of these models have shown their effectiveness in
several areas, such as the large-scale rice field model in An Giang province, the hi-tech
vegetable and flower production model in Lam Dong province and the dairy farming and
milk production model in the central Nghe An province.
=> Theo NHNN, nhiều mô hình trong số này đã phát huy hiệu quả trên một số lĩnh vực
như mô hình cánh đồng lúa lớn ở tỉnh An Giang, mô hình sản xuất rau hoa công nghệ
cao ở tỉnh Lâm Đồng, mô hình chăn nuôi bò sữa và chăn nuôi bò sữa. Mô hình sản xuất
sữa tại Nghệ An

3) Vietnam has been spending more on imports than it earns from exports. The trade deficit
reached about US$6.6 billion in the first five months of the year, up 23 percent from the same
period in 2010.

=> Việt Nam đã và đang chi tiêu nhiều hơn cho nhập khẩu so với thu nhập từ xuất
khẩu. Nhập siêu khoảng 6,6 tỷ USD trong 5 tháng đầu năm, tăng 23% so với cùng kỳ
năm 2010.

II. Vietnamese-English translation

4) Trong tuần qua, chúng tôi nhận thấy các NH nhóm một đã đồng loạt giảm lãi suất huy
động tiền gửi bằng VND đối với hầu hết các kỳ hạn từ 1 đến 12 tháng. Trong đó,
Vietcombank đang duy trì các mức lãi suất tiền gửi thấp nhất ở tất cả các kỳ hạn.

=> In the past week, we noticed that group 1 banks simultaneously reduced deposit
interest rates in VND for most terms from 1 to 12 months. In which, Vietcombank is
maintaining the lowest deposit interest rates of all terms.

5) Vậy tại sao các NH liên tiếp hạ lãi suất huy động? Câu trả lời rất dễ dàng là thanh khoản
của các NH này hiện đang rất dồi dào. Tổng số dư đầu tư vào tín phiếu của các NH đã tăng
nhanh từ giữa tháng 9 tới nay.

=> So why do banks continuously lower deposit rates? The answer is very easy that the
liquidity of these banks is currently very abundant. Total balance of investment in bills
of banks has increased rapidly since mid-September until now.

ĐỀ 14
A. READING, VOCABULARY AND GRAMMAR
Read the passages and answer the questions below.
Debt financing is classified as short-term or long-term. Short-term debt issues must be repaid within three to
five years. Loans obtained from commercial banks are common form of short-term debt. Bank lines of credit
allow a firm to borrow up to a specified maximum but require that the loan balance be zero for one or more
months during a year. Banks will also provide two or three year loans, but these are often secured by claim to
inventories or accounts receivable if they are not paid on time.
Three other major types of short-term financing include commercial paper, pledging and factoring. Commercial
paper is a debt of the firm that has maturity of one year or less. It is sold only by large, financially sound firms
and has an interest cost slightly less than the prime rate given to lowest-risk bank loans. Factoring and pledging
are used by smaller, less stable companies. Factoring is the physical sale of the firm’s receivables due from
customers. Pledging is the loan secured by the firm’s receivables due from customers. Because of their
increased risk, pledging and factoring bear a large interest cost to the firm than commercial paper.
Before the mid-1960s, virtually all debt issues were sold within the country in which the corporation resided.
Since then, international financing has increased dramatically. Much of this international financing is short-term
and takes place in what is referred to as the Eurodollar market. A Eurodollar market is a US dollar deposited in a
foreign bank without being converted to the local currency. France, German, Japan and Great Britain are major
sources of Eurodollar loans.
I. Decide whether the following statements are true or false
1. There are four types of short-term financing mentioned in the text. T
2. The maximum term of short-term debts is five years. T
3. The interest on commercial papers is usually smaller than that on bank loans. T
4. Factoring is the sale by a company of its accounts receivable. T
5. The interest on factoring is often higher than that on commercial papers. F
6. Loans obtained from a commercial bank are common form of long-term debt. F
7. Financing can be domestic and international. T
8. After 1960, international financing has developed so much. T
II. Find words/phrases in the text to fill in the gaps below
9. There are three main kinds of bank: central,…commercial…..and development banks.
10. …Inventory………is the same as stock consisting raw materials, unfinished goods and
unsold finished goods.
11. A…secured……loans means a loan with security.
12. Payable is opposite ‘……receivables…….’
13. This commercial paper has a …maturity…of one year (the company will have to pay the
principle and interest in one year’s time.)
14. The finances of this company is…sound……at the moment (good)
15. The course of new banking products and services will…take place………….in the
Banking Academy in two month’s time.
III. Choose A, B, C or D which would be best
16. The forex market participants include ……..
A central banks, B central banks, C central banks, other D central banks, other
other banks, other banks, banks, interbank banks, commercial
interbank interbank brokers, brokers, commercial companies, retail
brokers, retail commercial companies, retail brokers, investors and
brokers, hedge companies, retail brokers, investors and speculators.
funds, investors brokers, hedge speculators.
and speculators. funds, investors
and speculators.

17. Sofitel hotel has an excellent range of faciltities and no doubt you will be aware…..the
fact that the local area is rich in cultural interest.
A B of C for D with
to
18. Revenue represents any increase in owners’ equity resulting…………the operations of a
business.
A B to C D in
with from
19. Exchange rate is the value of one currency of one country in relation ………….another.
A B to C with D in
at
20. Recently, UK family income……………in real terms.
A doubled B has doubled C was doubled D doubling
21. Everyday millions of people……………….to the Internet to share information, do
business and communicate with each other.
 A convince B C persuade D concept
connect

22. Vietnam’s economy mainly relies …………exploiting natural resources

A on B with C D at
of
23. Commercial banks' functions are to...............
A support smoothly B support payments C create D create money, support
payments mechanism, mechanism, help money, smoothly payments
help community community savings, support mechanism, help
savings, support support international smoothly community savings,
smoothly international transaction,store payments support smoothly
transaction,store valuable goods, provide mechanism, international
valuable goods, provide other services help transaction,store
other services community valuable goods, provide
savings, other services
store
valuable
goods,
provide other
services

24. Current account…………..may apply for a Grimleys Credit Card.

A people B users C holders D owners

25. You will need to ………….your PIN each time you use the card.
A enter B C typical D put in
type
B. TRANSLATION
I. English-Vietnamese translation
1. The SBV has so far approved charter capital plans of banks such as NamABank,
Kienlongbank, VietBank, VietCapitalBank and [Link] the group of State-owned banks
including Vietcombank, VietinBank and BIDV, though information has not been published,
these banks all expect to pay dividends in shares this year.

=> Đến nay, NHNN đã phê duyệt phương án vốn điều lệ của các ngân hàng như
NamABank, Kienlongbank, VietBank, VietCapitalBank và OCB. Đối với nhóm ngân
hàng quốc doanh gồm Vietcombank, VietinBank và BIDV, dù chưa công bố thông tin
nhưng các ngân hàng này đều kỳ vọng sẽ trả cổ tức bằng cổ phiếu trong năm nay.
2. Shareholders of VietinBank also approved a share dividend payment from the source of
undistributed after-tax profit, and a cash dividend payment plan in 2020. Specifically, the
bank will issue more than 569 million shares to pay dividends, equivalent to a rate of 11.85
per cent.

=> Các cổ đông của Vietcombank cũng đã phê duyệt cổ tức cổ phần chưa bao giờ được
trả từ nguồn lợi nhuận sau thuế được phân phối, cũng như kế hoạch trả cổ tức bằng
tiền mặt vào năm 2020. Cụ thể, ngân hàng sẽ phát hành hơn 569 triệu cổ phiếu để trả cổ
tức, tương đương với lãi suất 11,85%.
3. This year, all banks will have to continually pay dividends in shares, instead of cash,
according to the SBV’s requirement. Right from the beginning of the year, the SBV’s
Governor Nguyen Thi Hong issued Directive 01/CT-NHNN on organising the
implementation of key tasks of the banking industry in 2022, in which banks are required to
not pay dividends in cash in 2022 with an aim to continually reduce lending interest rates.
=> Năm nay, tất cả các ngân hàng sẽ phải liên tục chia cổ tức bằng cổ phiếu thay vì tiền
mặt theo yêu cầu của NHNN. Ngay từ đầu năm, Thống đốc NHNN Nguyễn Thị Hồng đã
ban hành Chỉ thị 01/CT-NHNN về việc tổ chức thực hiện nhiệm vụ trọng tâm của ngành
ngân hàng năm 2022, trong đó yêu cầu các ngân hàng không chia cổ tức bằng tiền năm
2022 với tỷ lệ hướng tới mục tiêu liên tục giảm lãi suất cho vay.

II. Vietnamese-English translation

4. PGBank từng là ngân hàng được rất nhiều “ông lớn” quan tâm, một phần sức hấp dẫn đến
từ hệ sinh thái của cổ đông lớn Petrolimex. Những ngân hàng như VietinBank, MB, HDBank
đều đã từng “tìm hiểu” và thậm chí đã có kế hoạch sáp nhập PGBank. Tuy nhiên, những “mối
duyên” này đến cuối cùng đều không thành công.

=> PGBank used to be a bank that many "big men" cared about, part of the attraction
came from the ecosystem of the major shareholder Petrolimex. Banks such as
VietinBank, MB, and HDBank have all "learned" and even planned to merge PGBank.
However, these "predestined relationships" were ultimately unsuccessful.

6. Năm 2018, kế hoạch sáp nhập giữa HDBank và PGBank được công bố và cũng đã được
NHNN chấp thuận nguyên tắc. Dù vậy, đến năm 2021, việc sáp nhập PGBank lần nữa thất
bại. Trong trạng thái chờ sáp nhập, chờ Petrolimex thoái vốn những năm qua, kết quả kinh
doanh của PGBank khó có sự bứt phá và thậm chí còn ảnh hưởng tới đội ngũ nhân sự của nhà
băng này.

=> In 2018, the merger plan between HDBank and PGBank was announced and was
also approved in principle by the State Bank. However, by 2021, the merger of PGBank
again failed. In the state of waiting for merger, waiting for Petrolimex to divest its
capital in recent years, it is difficult for PGBank's business results to make a
breakthrough and even affect the bank's staff.

ĐỀ 15
A. READING, VOCABULARY AND GRAMMAR

Read the passages and answer the questions below.

Passage 1: CURRENT ACCOUNTS

A current account is an account which allows customers to take out or withdraw money, with no restrictions.
Money in the account does not usually earn a high rate of interest: the bank does not pay much for ‘borrowing’
your money. However, many people also have a savings account or deposit account which pays more interest
but has restrictions on when you can withdraw your money. Banks usually send monthly statements listing
recent sums of money coming in, called credits.
Nearly all customers have a debit card allowing them to make withdrawals and do other transactions at cash
dispensers. Most customers have a credit card which can be used for buying goods and services as well as for
borrowing money. In some countries, people pay bills with cheques. In other countries, banks do not issue
cheque books and people pay bills by bank transfer. These include standing orders, which are used to pay
regular fixed sum of money, and direct debits, which are used when the amount and payment date varies.
Passage 2: BANKING PRODUCT AND SERVICES
Commercial banks offer loans – fixed sums of money that are lent for a fixed period (e.g. two years). They also
offer overdrafts, which allow customers to overdraw an account. That means customers can have a debt, up to
an agreed limit, on which interest is calculated daily. This is cheaper than a loan if, for example, you only need
to overdraw for a short period. Banks also offer mortgages to people who want to buy a place to live. These are
long-term loans on which the property acts as collateral or guarantee for the bank. If the borrower does not
repay the mortgage, the bank can repossess the house or flat: the bank takes it back from the buyer, and sells it.
Banks exchange foreign currency for people going abroad, and sell traveler’s cheques which are protected
against loss or theft. They also offer advice about investments and private pension plans – saving money for
when you retire from work. Increasingly, banks also try to sell insurance products to their customers.
Passage 3: E-BANKING
In the 1990s, many commercial banks thought the future would be in telephone banking, and internet banking or
e-banking, but they discovered that most of their customers preferred to go to the branches, local offices of the
bank – especially ones that had longer opening, and which conveniently situated in shopping centers.

I. The terms below are taken from the three passages. Use them to complete the advertisement. Write
your answer next to Questions 1-9 below.
credit card current debit card
direct debit accounts foreign currency
savings accounts statements traveler’s cheques
standing order
CALLING ALL STUDENTS
ACB Bank now offers 1% interest on (1) … and 2.5% on (2) … We will give you a
checkbook and plastic: a free (3) … for use in cash dispensers, and the possibility to apply
for a (4) …You can pay fixed monthly bills by (5) … and other bills by (6) … There are no
account charges as long as you remain in credit, and we send you monthly (7) … We can
also sell you (8)… for your next holiday, or (9)… for greater security. What are you waiting
for? Call us today.
1….current accounts......... 4)… credit card… 7)… statements….

2)…savings accounts.... 5)… standing order… 8) …foreign currency…

3)…. debit card……. 6)… direct debit…. 9)…traveler’s cheques…

II. Find the terms in Passage 2 with the following meanings. Write the terms next to
Questions 10-15.
10) …interest… what you earn when you leave your money in the bank

11) … loan… an amount of money borrowed from a bank for a certain length of time,
usually for a specific purpose
12)… collateral… something that acts as a security or a guarantee for a debt

13)… overdraft… an arrangement to withdraw more money from a bank account than you
have placed in it
14)…mortgage… a long-term loan to buy somewhere else to live

15) … to take back property that has not been completely paid for.
 repossess…

III. Choose A, B, C or D which would be best

[Link], I’m…………… a presentation to [Link]’s sales staff on our new products
a. b. Doing c. d. making
Having Performing
[Link] is our…………buyer in this area. She’s very important to us.
a. Chef b. Chief c. Minor d. valuable
[Link] new employee got the sack yesterday because she always……………mistake.
a. b. Made c. Got d. caused
Did
[Link] important decisions, you need a long time to……………..
a. b. Make c. Get d. have
Do
20.………….. is the group of people that you want to sell your products to.
[Link] [Link] target [Link] profile [Link] orientation
market
21. I get an accountant to fill in my tax return for me. I don’t have a very
good…………….for figures.
A B head C brain D arm
mind
22. An insolvent company often goes into liquidation. A private individual who cannot pay
his/her debts may be declared …………..by a court.
A B indebted C pennieless D pence
bankrupt
23. The technical meaning of insolvency is that a person or company’s………..exceed their
assets.
A payments B liabilities C D expenses
debt
24. When all the assets of a company have been used as security for a loan, and the company
defaults on repayments, the lender may force the company to go into………..
A receivership B reception C reciprocation D receipt
25. In the UK, mergers and acquisitions are not..........by the government
A B checked C checked D floated
controlled
B. TRANSLATION
I. English-Vietnamese translation
1. This is the third consecutive year that the SBV has required banks not to pay dividends in
cash. In 2021, the SBV also issued a similar directive requiring banks to switch to share
dividends. The only exception to paying cash dividends is State-owned banks, including
Vietcombank, BIDV, and VietinBank, as required by the State Treasury.
=> Đây là năm thứ 3 liên tiếp NHNN yêu cầu các ngân hàng không chia cổ tức bằng
tiền. Năm 2021, NHNN cũng có chỉ đạo tương tự yêu cầu các ngân hàng chuyển sang
chia cổ tức. Ngoại lệ duy nhất trả cổ tức bằng tiền mặt là các ngân hàng Nhà nước gồm
Vietcombank, BIDV, VietinBank theo yêu cầu của Kho bạc Nhà nước.
2. On Tuesday, the State Bank of Việt Nam set the daily reference exchange rate at
VNĐ23,206 per dollar, up five đồng from the previous day. With the current trading band of
+/-3 per cent, commercial banks are allowed to apply the ceiling rate for the dollar during the
day at VNĐ23,902 and the floor rate at VNĐ22,509.
=> Hôm thứ Ba, Ngân hàng Nhà nước Việt Nam ấn định tỷ giá hối đoái tham chiếu
hàng ngày ở mức 23.206 đồng mỗi đô la, tăng 5 đồng so với ngày hôm trước. Với biên
độ +/-3% hiện nay, các ngân hàng thương mại được phép áp trần tỷ giá đồng USD
trong ngày ở mức 23.902 đồng và tỷ giá sàn ở mức 22.509 đồng.
3. According to Fitch Ratings, low capitalisation levels are likely to remain a credit weakness
for Vietnamese banks as rapid loan growth will make it challenging to raise capital adequacy
ratios (CARs) in the next two to three years.
=> Theo Fitch Ratings, mức vốn hóa thấp có thể vẫn là điểm yếu tín dụng của các ngân
hàng Việt Nam vì tăng trưởng cho vay nhanh sẽ khiến việc tăng tỷ lệ an toàn vốn (CAR)
trong hai hoặc ba năm tới trở nên khó khăn.
II. Vietnamese-English translation
4. Trên thị trường chứng khoán, đóng cửa phiên giao dịch ngày 19/9/2022, giá cổ phiếu PGB
của PGBank đứng ở mức 21.400 đồng/cp. Vốn hoá của nhà băng này là hơn 6.400 tỷ đồng,
thuộc nhóm 5 ngân hàng nhỏ nhất trên sàn chứng khoán.
=> On the stock market, closing the session on September 19, 2022, PGBank's share
price of PGB stood at VND21,400/share. The market capitalization of this bank is more
than 6,400 billion dong, belonging to the group of 5 smallest banks on the stock
exchange.
5. Về kết quả kinh doanh, trong 6 tháng đầu năm 2022, lợi nhuận sau thuế của PGBank đạt
192,2 tỷ đồng, tăng 40% so với cùng kỳ năm ngoái. Tại ngày 30/6/2022, tổng tài sản ngân
hàng đạt 39.636,9 tỷ đồng, giảm 2,1% so với đầu năm. Cho vay khách hàng cũng giảm 4,4%
xuống còn 26.271,7 tỷ đồng; tỷ lệ nợ xấu trên tổng dư nợ tăng từ 2,52% lên 2,67%.
=> Regarding business results, in the first 6 months of 2022, PGBank's profit after tax
reached VND 192.2 billion, up 40% compared to the same period last year. As of June
30, 2022, total bank assets reached VND 39,636.9 billion, down 2.1% compared to the
beginning of the year. Loans to customers also decreased by 4.4% to 26,271.7 billion
dong; the ratio of bad debt to total outstanding loans increased from 2.52% to 2.67%.

ĐỀ 16
A. READING, VOCABULARY AND GRAMMAR
Read the passages and answer the questions below.
Credit cards are a means of exchange, not of payment. Ultimate payment by the card user occurs at the end
of the month when a cheque is written or a bank account is debited to settle the outstanding balance. In that
respect, credit cards are akin to credit for the users, and a substitute credit long extended by retailers to
customers.
However, to the seller of goods, sales made to the credit card users have similarities' those made to cheque
writers. Costs and fee may differ, but credit card sales vouche can be effectively credited to the merchant's bank
account in a similar manner' cheque received. Because the voucher is a claim on the credit card company or card
issuing bank, the risk of non payment is lower.
In the ways that most are currently structured, credit card systems can be thoug of as similar to the cheque
payments system. Paper (i.e. vouchers) flows in a similar direction, the major difference being the timing of
transactions and liabilities incurrec along the way. The card holder/voucher writer is given short-term credit (a
short-term loan or long-term float) by the card issuing body between the immediate unconditional credit to the
merchant involved and delayed collection of value from the card holder.
The combination of float to card holders and more or less immediate reimbursement .
to stores is thought to be one factor inhibiting the greater use of EFTPOS system, in
which float is absent.
[Link] in the passage the word or phrase having the same meaning as the follows.
1. final ………… ultimate ………………………………….
0. the amount not paid yet ………… outstanding………………………….

0. similar to ………… akin…………………………………….

0. given more time to do ……… extended…………………………………….
smth
0. an item of asset which is ………… claim …………………………………
the opposite of a debt
0. retailer ……… seller…………………………………………
0. organized ………structured………………………………………….
0. loan ……………credit……………………………………
0. repayment …… reimbursement……………………….
0. preventing, hindering ………… inhibiting ………………………………….
[Link] or False statements
[Link] cardholder’s account will be debited immediately when he uses his card to pay for
goods or services. False
[Link] cards are akin to trade credit for the cardholders. True
[Link] card are totally the same as cheques. False
[Link] flow of cheques and vouchers is the same. True
[Link] repayment by credit card holders prevents the greater use of EFTPOS system.
True

III. Choose A, B, C or D which would be best

16………………….is the selling of goods to business, usually in large qualities.

[Link] [Link] [Link] D. Distribute

[Link] to our policy, you can pay a $500……………and the rest in 12 monthly
instalment.
[Link] (đặt [Link] C. interest [Link]
cọc)

18.…………. is the time when the seller repairs or releases a product free of charge.
[Link] off [Link] - sale [Link] period (thời gian [Link] -back
period service bảo hành) policy
[Link] train from Brighton is ………………….by half an hour because of bad weather.
[Link] [Link] [Link] [Link]
d

20.……………….is an arrangement to divide(chia) the duties and the pay of one job between
two or more people in the same company.
[Link] share [Link] job [Link]- time job [Link] time job

21. Another word for shareholders (especially in American English) is…………..

A ticket-holders B stockholders (cổ C paper-holder D paper-holding
đông)
22. Because Britain is an island, in British English, a bank account in another country is
known as an……….account.
A off-island B off- C offshore D off- drop
coast
23. The primary role of commercial banks in the developed world is to offer business bank
accounts with standard options, such as deposits, ……………….. and loans.
A savings B C borrowers D withdrawals (khoản phải rút)
providers

24. A secondary role of commercial banks is …………….the development of the local

economy.
A B supported C supporting (danh-động từ) D support
supportting
25. Investing in new businesses is a ………………. aspect of commercial banking.
A majority B C unmajor D inmajor
major

B. TRANSLATION

I. English-Vietnamese translation
1. Fitch estimates that the banks that are still to become Basel II compliant need only about
US$0.6 billion of new capital to meet the local Basel II minimum CAR requirement of 8 per
cent before the implementation deadline in January 2023.
=> Fitch ước tính rằng các ngân hàng vẫn tuân thủ Basel II chỉ cần khoảng 0,6 tỷ USD
vốn mới để đáp ứng yêu cầu CAR tối thiểu của Basel II trong nước là 8% trước thời
hạn thực hiện vào tháng 1 năm 2023.

2. However, Fitch calculates the banking system's additional capital needs would rise to as
much as $10.7 billion (2.9 per cent of GDP) if banks were to raise their loan-loss reserves to
cover potential losses from all problem loans, while simultaneously maintaining average
CARs at 10 per cent. State banks drive much of the shortfall, due to their lower capital
positions.
=> Tuy nhiên, Fitch tính toán nhu cầu vốn bổ sung của hệ thống ngân hàng sẽ tăng lên
tới 10,7 tỷ USD (2,9% GDP) nếu các ngân hàng tăng dự phòng rủi ro cho vay để bù đắp
các khoản lỗ tiềm ẩn từ tất cả các khoản cho vay có vấn đề, đồng thời duy trì CAR
trung bình ở mức 10 phần trăm. Các ngân hàng nhà nước chiếm phần lớn sự thiếu hụt,
do vị thế vốn thấp hơn của họ.

3. The State Bank of Vietnam (SBV) last year issued Circular No. 14/2021/TTNHNN. Under
the circular, the SBV told banks to reschedule debt repayments to help customers affected by
the COVID-19 pandemic until June 30 this year. The circular also allowed banks to keep the
debt classification for COVID-19 borrowers unchanged.
=> Ngân hàng Nhà nước Việt Nam (NHNN) năm ngoái đã ban hành Thông tư số
14/2021/TTNHNN. Theo thông tư, NHNN yêu cầu các ngân hàng thực hiện giãn nợ để
hỗ trợ khách hàng bị ảnh hưởng bởi dịch COVID-19 đến ngày 30/6 năm nay. Thông tư
cũng cho phép các ngân hàng giữ nguyên phân loại nợ đối với khách hàng vay COVID-
19.

II. Vietnamese-English translation

4. Trên thị trường chứng khoán, đóng cửa phiên giao dịch ngày 19/9/2022, giá cổ phiếu PGB
của PGBank đứng ở mức 21.400 đồng/cp. Vốn hoá của nhà băng này là hơn 6.400 tỷ đồng,
thuộc nhóm 5 ngân hàng nhỏ nhất trên sàn chứng khoán. Cơ cấu cổ đông của ngân hàng khá
cô đặc nên thanh khoản của PGB trên sàn giao dịch chứng khoán rất thấp.
=> On the stock market, closing the session on September 19, 2022, PGBank's share
price of PGB stood at VND21,400/share. The market capitalization of this bank is more
than 6,400 billion dong, belonging to the group of 5 smallest banks on the stock
exchange. The bank's shareholder structure is quite concentrated, so the liquidity of
PGB on the stock exchange is very low.

5. Tại ngày 30/6/2022, tổng tài sản ngân hàng đạt 39.636,9 tỷ đồng, giảm 2,1% so với đầu
năm. Cho vay khách hàng cũng giảm 4,4% xuống còn 26.271,7 tỷ đồng; tỷ lệ nợ xấu trên
tổng dư nợ tăng từ 2,52% lên 2,67%.
=> As of June 30, 2022, total bank assets reached VND 39,636.9 billion, down 2.1%
compared to the beginning of the year. Loans to customers also decreased by 4.4% to
26,271.7 billion dong; the ratio of bad debt to total outstanding loans increased from
2.52% to 2.67%.
ĐỀ 17
A. READING, VOCABULARY AND GRAMMAR
Read the passages and answer the questions below.
An account allowing customers to take out money with no restriction is a current account and the money on
which does not usually earn high interest rate. However, many people also have a savings account or deposit
account paying more interest but having restrictions on when they can withdraw their [Link] usually send
monthly statements listing recent sums of money going out, called debits, and sums of money coming in, called
credits.
Nearly all customers have a debit card allowing them to make withdrawals and do other transactions at cash
dispensers., Most customers have a credit card used for buying goods and services as well as for borrowing
money. In some countries, people pay bills with cheques. In" other countries, banks do not issue chequebooks
and people pay bills by bank transfer includinq standing order, used to pay regular fixed sums of money, and
direct debits, used when the payment amount and date vary.
Banks can offer overdrafts, allowing customers to overdraw an account - they can have a debt, up to an
agreed limit, on which interest is calculated daily. This is cheaper than a loan if, for example, the customers
need to overdraw for a short period . Banks can also offer mortgages to people who want to buy a place to live -
long-term loans on which the property can Cjct as a guarantee for the bank. If the bort1Ower does not repay the
mortgage, the bank can repossess the house or flat and sell it.
 Banks exchange foreign currencies for people going abroad and sell traveler's cheques protected against
loss or theft.
In the 1990s, many commercial banks thought the future would be in tetephono, or Internet or E-banking.
But they discovered that most of their customers preferred to go to branches - especially ones having longer
opening hours, and conveniently situated in shopping centres
I True or False statements?
[Link] are two kinds of bank transfer mentioned in the passage. True

[Link] is less risk for a bank with a mortgage than with unsecured loans. True

[Link] is safer for tourists to carry traveller’s cheques than foreign currencies. True

[Link] majority of customers prefer to do their personal banking at the bank True

[Link] branches are now all in shopping centres False

[Link] words/phrases in the text which mean:

0. What you can earn when you leave your money in the bank. Interest

0. An arrangement to withdraw more money than the credit blance in An

your account. overdraft

0. The thing taken by a bank to secure a mortgage A property

0. An amount of money borrowed from a bank for a certain length of A bank

time, usually for a specific purpose. loan

0. EFTPOS provides this E-banking

[Link] in the gaps with words/phrases from the above text

ABC now offers 1% interest on current accounts and 2.5% on savings accounts. We will give
you a (11)… cheque book…………….and a debit card free of change for use in (12)……
cash dispenser……., and the possibility to apply for a (13) credit card….. You can pay
fixed monthly bills by (14) standing orders………., and other bills by direct debits. We send
you free monthly (15)… statement…… We can also sell you foreign currencies and
traveller’s cheques. What are you waiting for? Call us today.
IV. Choose A, B, C or D which would be best
16. It' s important to…………………….between business and pleasure.
A. think B. C. distinguish D. divide
see
17. After the accident, he lost his…………….. for the sport.
A. feeling B. thought C. enthusiasm D. mind
18. The Prime Minister is to meet his European……………to discuss the war against drugs.
A. friends B. C. enemies D. neighbours
counterparts
19. He's got a job…kitchen equipment in a department store. He explains customers how to
use the equipment.
A. demonstrating B. delivering C. maintaining D. installing
20. Our work is hard, but high salary and big bonus may prove sufficient………….
A. B. compensation C. toughness D. consistency
responsibility
21. A country with very low taxes is knowns as a.............
A tax B tax heaven C tax paradise D tax income
heavens
22. SWIFT is an international………..payment system.
A electric B C electronic D electricity
electrical
23. The principalaim of offshore banking in tax havens is to reducethe custome’s tax.............
A liabilities B expenses C costs D expenditure
24………is a sum of money which is given in advance as past of a total payment for
something.
A B Refund C Deposit D Interest
Discount
25………..is a written promise given by a company that something you buy will be replaced
or repaired without payment if it goes wrong within a particular period.
A B Guarantee C Promise D Agreement
Insurance

B. TRANSLATION
I. Vietnamese-English translation
1) Chia sẻ tại Diễn đàn Kinh tế - Xã hội Việt Nam 2022, Phó Thống đốc Ngân hàng Nhà
nước Việt Nam Phạm Thanh Hà cho biết, về điều hành chính sách tiền tệ nói chung, Ngân
hàng Nhà nước Việt Nam phải giải bài toán với nhiều yếu tố khác nhau, mục tiêu đặt ra là
kiểm soát lạm phát, đồng thời đảm bảo an toàn trong hoạt động của các tổ chức tín dụng, đảm
bảo thanh khoản cho các thị trường tiền tệ và ngoại hối.
=> Sharing at the Vietnam Socio-Economic Forum 2022, Deputy Governor of the State
Bank of Vietnam Pham Thanh Ha said that in terms of monetary policy management in
general, the State Bank of Vietnam must solve the problem with There are many
different factors, the goal is to control inflation, at the same time ensure the safety in the
operation of credit institutions, and ensure liquidity for the money and foreign exchange
markets.

2) Trong năm 2022, tình hình thế giới rất phức tạp và khó lường, nhiều biến cố ngoài dự báo
và chưa từng có tiền lệ. Những điều này khiến rủi ro của các nền kinh tế, hệ thống tài chính,
ngân hàng là rất lớn, kìm hãm lạm phát là ưu tiên hàng đầu của nhiều nền kinh tế lớn.
=> In 2022, the world situation is very complicated and unpredictable, with many
unexpected and unprecedented events. These things make the risks of economies,
financial systems and banks very large, and controlling inflation is the top priority of
many large economies.

3) Ban đầu, nhiều ngân hàng trung ương của nhiều nước trên thế giới đã chần chừ do đánh
giá lạm phát là tạm thời do đứt gãy chuỗi cung ứng, tuy nhiên lạm phát kéo dài hơn dự kiến
cho thấy vấn đề thực sự phức tạp hơn, các ngân hàng trung ương đã tăng nhanh lãi suất, dẫn
đến nguy cơ đình đốn - vừa lạm phát vừa suy thoái.
=> Initially, many central banks in many countries around the world hesitated due to
their assessment of inflation as temporary due to supply chain disruptions, but longer-
than-expected inflation suggests that the real problem is more complicated. , central
banks have rapidly raised interest rates, leading to the risk of stagnation - both inflation
and recession.

II. English-Vietnamese translation

4) In fact, the ratio of NPLs on the balance sheet at commercial banks has continued to
increase since the end of 2020. Until June 30 this year, the total NPLs of 28 listed banks were
about VND122 trillion, an increase of nearly 11 per cent compared to the end of the first
quarter and nearly 20 per cent compared to the beginning of 2022.
=> Trên thực tế, tỷ lệ nợ xấu trên bảng cân đối kế toán của các ngân hàng thương mại
tiếp tục tăng kể từ cuối năm 2020. Tính đến ngày 30/6 năm nay, tổng nợ xấu của 28
ngân hàng niêm yết đạt khoảng 122 nghìn tỷ đồng, tăng gần 11% so với cuối quý I và
gần 20% so với đầu năm 2022.

5) In the context of rising potential NPLs and limited capital supply to the economy in the
coming period, SBV Governor Nguyen Thi Hong has recently issued Document No. 5962
requesting the Vietnam Asset Management Company, Vietnamese and foreign banks to
continually handle bad debts according to Resolution No. 42/2017/QH14, which includes
accelerating the handling of NPLs and collaterals of bad debts
=> Trong bối cảnh nợ xấu tiềm ẩn gia tăng và nguồn vốn cung ứng ra nền kinh tế hạn
chế trong thời gian tới, Thống đốc NHNN Nguyễn Thị Hồng mới đây đã có văn bản số
5962 yêu cầu Công ty Quản lý tài sản của các tổ chức tín dụng Việt Nam, các ngân hàng
Việt Nam và nước ngoài tiếp tục xử lý nợ xấu theo Nghị quyết. 42/2017/QH14 đẩy mạnh
xử lý nợ xấu, tài sản đảm bảo của nợ xấu

ĐỀ 18
A. READING, VOCABULARY AND GRAMMAR
Read the passages and answer the questions below.
Vietcombank undertakes all the incoming and outgoing requirements of the customers domestically and
internationally.
Through the correspondent network all over the world comtlining with Operation
Center network and branches covering all large cities and provinces with the best
quality of International Swift payments in Vietnam, Vietcombank can handle
remittance orders update, accurately, safely with simple procedure and the most
attractive charge.
All organizations can receive incomings from overseas with np limit in volume and
times. Before 15h30' on the day of incoming from overseas, at 'VCB's branch serving
the beneficiary will pay by transferring money into his account or inform according to
beneficiary's address or telephone number immediately on the same day. Money
receipt procedure is simple with clear guideline detailed in the bank announcement to
ensure the advantages and safety both for the bank and customers.
With the available advantages of Vietcombank, customers having balances in
their account can require us to transfer money to anyone, almost anywhere allover
the world with the highest effectiveness. In order to ensure the important detail of
the remittance order ful'ly issued by the customer, Vietcombank formed the standard
model for the customer to fill in " Application for remittance". Its content is in digital
data, complying with' the international regulation to help the bank to transfer the
data fast and accurately through SWIFT. You can choose one of four remittance
methods: Remittance by SWIFT, by Telex, by Bank Draft and by Letter.
When operating at Vietcombank, you will be advised to choose the remittance
method complied with your needs. As usual, the effective day is the day when the
bank debits your account, not the day of sending remittance order abroad or paying
day for the beneficiary.
With the motto for service quality and customer - interest protection and with the
present technology capacity, Vietcombank establishes the techniques to restrict the
unnecessary objective ,delay to the lowest level and to perform payment order on
the same day as required.
[Link] a word/phrase in the text to fill in the gaps, changing its form if necessary.
[Link] cheques are generally made out in…domestic………….currrency.
[Link] must have a ratio of Reserver……requirement………………..(RR) with their
central bank.
[Link] account has not been popular in Vietnam because of the cumbersome……
procedure…………………………………….around the banking syste.
[Link] documents we receive must be……complied with……..the terms in the contract.
[Link]……remittance……………… we have studied in our textbook are telegraphic,
telephoned, postal and bank draft transfers.
[Link] telegraphic transfer, the beneficiary’s account is
credited…………………………………………a telegram is transmitted.
[Link] train will be delayed 5 hours because of an train accident one hour ago. This is
an………objective delay…………
[Link] can transfer money easily through……correspondent……………….. banks, which
have account with each other.
[Link] an account statement there are 5 columns: date, detail, payment, …receipt……and
Balance.
[Link] telephone transfer, there is always ……limit in volume…………..(say $5000 is the
maxium).
[Link] the question
[Link] is the text about?
=> Incoming and outgoing carried out by Vietcombank
[Link] is money transferred into the beneficiary’s account if the incoming from overseas is
at 2 p.m’?
=> Immediately on the same day
[Link] is money receipt procedure like?
=> Simple and clear
[Link] did Vietcombank do to ensure the remittance order?
=> Vietcombank formed the standard model for the customer to fill in “ application for
remittance”
[Link] is the effective day?
=> The effective day is the day when the bank debits your account, not the day when
sending remittance order abroad or paying day.
III. Choose A, B, C or D which would be best
16. I ………..in connection with your letter of 10 November, 2000.
A am B write C will write D have written
writing
17. We …………. both Enterprise 1 & 2, and now are ready for the final exam.
A. have been studying B. studied C. have studied D. had studied
18. John Hartz ………. a lecture when he was interrupted
A. delivered B. had deliverd C. was deliverd D. was delivering
19. We delayed ……….the product because of technical problems
A. being B. launching C. launch D. to launch
 launched
20. The consultant advised us ……… a subsidiary in the North.
A. to set up B. setting up C. set D. seted
21. We want people to feel comfortable and relaxed during a negotiation because a(n) ……
atmosphere is very important.
A. formal B. informal C. sympathetic D. enthusiastic
22. The loan is…………….in monthly installments.
A. pay B. pays C. paid D. paying
23. One of the roles of the commercial bank is to…………..
A not act as a B act as a C will not act as a D be never act as a
storehouse of the storehouse of the storehouse of the storehouse of the
country or region’s country or region’s country or region’s country or region’s
wealth wealth wealth wealth

24. It' s important to…………………….between business and pleasure.

A. B. see C. distinguish D. divide
think
25. Banking experts in developed countries defines a commercial bank as a ……………..

A oriented B profit-oriented C nonprofit-oriented D unprofit-oriented

financial financial institution. financial institution financial institution
institution.

B. TRANSLATION
I. English-Vietnamese translation
1) In 2013 HDBank merged with Dai A Bank and completed the process of connecting and
merging their information technology systems in a record time of four months while also
ensuring safe and smooth transactions for all customers, and creating a better earning and
working environment for employees. Also in 2013 HDBank became the first domestic
financial institution to acquire a fully foreign-owned financial institution.
=> Năm 2013, HDBank sáp nhập Ngân hàng Đại Á và hoàn tất quá trình kết nối, hợp
nhất hệ thống công nghệ thông tin trong thời gian kỷ lục 4 tháng, đồng thời đảm bảo
giao dịch an toàn, thông suốt cho mọi khách hàng, tạo môi trường làm việc và thu nhập
tốt hơn cho nhân viên. Cũng trong năm 2013, HDBank trở thành tổ chức tài chính
trong nước đầu tiên mua lại một tổ chức tài chính 100% vốn nước ngoài.
2) By participating in the credit institution restructuring programme, HDBank once again
demonstrated its pioneering spirit and willingness to fulfill tasks assigned by the Government
and the [Link] and the banks that are mandatorily sold will receive support prescribed
in the Law on Credit Institutions and other relevant legal regulations.
=> Với việc tham gia chương trình tái cơ cấu tổ chức tín dụng, HDBank một lần nữa thể
hiện tinh thần tiên phong, sẵn sàng hoàn thành nhiệm vụ Chính phủ và NHNN giao.
HDBank và các ngân hàng bị bán bắt buộc sẽ nhận được các hỗ trợ theo quy định của
Luật Các tổ chức tín dụng và các quy định có liên quan quy định pháp luật.
3) HDBank's board of directors believes that by undertaking the compulsory sold bank,
HDBank not only fulfills its responsibilities towards the banking industry by leveraging its
competence and experiences in bank restructuring, but also captures the opportunities to
achieve a breakthrough in its growth.
=> Hội đồng quản trị của HDBank tin rằng bằng cách buộc phải bán ngân hàng,
HDBank không chỉ hoàn thành trách nhiệm của mình đối với ngành ngân hàng bằng
cách tận dụng năng lực và kinh nghiệm của mình trong việc tái cơ cấu ngân hàng mà
còn nắm bắt cơ hội để tạo ra những đột phá tăng trưởng.
II. Vietnamese-English translation
4 Theo ông Phạm Quang Dũng - Chủ tịch HĐQT Ngân hàng TMCP Ngoại thương Việt Nam
(Vietcombank) phát biểu tại hội nghị, biện pháp hạn mức tăng trưởng tín dụng đã góp vai trò
quan trọng thúc đẩy tăng trưởng kinh tế, ổn định vĩ mô. "Quota" cũng được phân bổ khoa học
và chặt chẽ.
=> According to Mr. Pham Quang Dung - Chairman of the Board of Directors of Joint
Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) speaking at the
conference, the credit growth limit measure has played an important role in promoting
economic growth and stabilizing the macro economy. . "Quota" is also scientifically and
strictly distributed.
5) Trên thực tế, từ Hội nghị trực tuyến toàn quốc phổ biến, giải đáp, tháo gỡ khó khăn, vướng
mắc trong quá trình triển khai chương trình hỗ trợ lãi suất 2%/năm diễn ra hồi cuối tháng 8,
Ngân hàng Nhà nước đã nắm bắt nhu cầu vốn của nền kinh tế cũng như mong muốn được
tiếp tục mở rộng cho vay các tổ chức tín dụng và thực hiện điều chỉnh hạn mức tăng trưởng
tín dụng trong khoảng còn lại của mục tiêu 14% để thuận tiện cho việc triển khai thực hiện
gói hỗ trợ lãi suất 2%.
=> In fact, from the National Online Conference to disseminate, answer and remove
difficulties and obstacles during the implementation of the 2%/year interest rate
support program that took place at the end of August, the State Bank grasped the
capital needs of the economy as well as the desire to continue to expand lending to credit
institutions and adjusted the credit growth limit in the remaining period of the target of
14% for convenience. implementation of the 2% interest rate support package.
ĐỀ 19
A. READING, VOCABULARY AND GRAMMAR
Read the passages and answer the questions below.

International trade credit and the documents associated with it are more complicated than
their domestic equivalents. This is because international trade cuts across two bodies of laws
and regulations, and because the buyers and sellers (importers and exporters) are less familiar
with and less accessible to one another than buyers and sellers in the same country. These
complications often require the help of banks to intermediate import-export transactions
through methods of international payment.
In the simplest form of international trade, the open-account basis, banks have only a simple
transaction role. In open-account trade, the importer and exporter are well-known to each
other and probably have established a successful working relationship. The importer orders
goods and promptly pays for them when the goods and tittles thereto are received.

Almost as simple is the foreign collection basis, in which a bank is used to transmit collected
funds. Before the goods it has bought can be shipped, the importer must place funds with its
bank so that the exporter is assured that payment will be made with collected funds. In this
instance, the bank is merely an agent and not a lender.

I. Find words/phrases in the text which means:

1……trade credit………….is credit given by a company to another company on large scale.
2. The amount given by the factor when you sell unpaid invoices…equivalent…..to the
amount you can borrow from your bank when using your unpaid invoices as security.
3. LECRs stands for local exchange control…local exchange control regulation…….
4. He looks …familiar…..I may have met him at the last year conference in London.
5. In the beginning, they met many …complication….in running their business, but all these
difficulties have been overcome (difficulties)

II. Read the passages answer the questions

6. Why is international trade more complicated than domestic trade?
 Because 2 bodies of laws and regulations, importer and exporter are less familiar and
less accessible
7. How can the complications in international trade be solved?
 With the help of banks and through methods of international payment
8. How many methods of international payment are mentioned in the text? What are they?
 Two. Open account and collection
9. What is the condition of Open-account method?
 Importer and exporter are well-known, have successful working relationship
10. How can the exporter be assured that payment will be made?
 Importer must place funds with his bank

III. Fill in the blank with a correct word form.

11. The information on the …………ownership/owners………of the company is very
necessary and important for the credit staff. (own)
12. The good …employment…..given by him makes her very happy. (employ)
13. PIN number must be changed……periodically…….for additional security. (period)
14. Home banking needs a good telephone system and …electronic……..(electronically)
15. The balance sheet also consists of …liabilities…….(liable)

IV. Choose A, B, C or D which would be best

16. One of the roles of the commercial bank is to…………...
A be medium the B be smaller the C be larger the D be better the
commercial bank, the commercial bank, the commercial bank, commercial bank,
greater role it plays greater role it plays the greater role it the greater role it
in the economy in the economy plays in the economy plays in the economy

17. You will be sent a PIN (Personal…………………..Number).

A identified B identification C D identifying
identifier

18. We pay our employees and suppliers ……..a regular basis.

A by B in C at D on

19. One of the roles of the commercial bank is to…………...

A processing of B processing of payments C processing of D processing of
payments by way of by way of telegraphic payments by way payments by way
telegraphic transfer, transfer, internet banking, of telegraphic of telegraphic
EFTPOS, internet or other means. transfer, transfer, internet
 banking, or other EFTPOS. banking.
means.

20. Two or more customers may apply for a …………….

A together B current C joint account D two-person account
account

21. Factors influencing the supply and demand of a currency are ……………………
A political B economic C some conditions D economic factors,
conditions and factors, political and market political conditions and
market psychology. conditions. psychology market psychology.
22. In some past years, it has suffered……………deficit trade balance.
A B from C of D in
with
23. I earn a lot of money, but I have a lot of………………..
A B expenses C paying D paid
Payouts
24. What gave rise……………….this problem?
A [Link] C for D on
from
25. I am paying for my new car in 36 monthly…………….
A B pieces C parts D install
Installments

B. TRANSLATION
I. English-Vietnamese translation
1. Most banks are at the third step, so there are already many plans to go further in digital
transformation. Therefore, many banks have moved to establish a digital banking ecosystem,
from opening accounts to registering, issuing, and managing products. Services such as
accounts, credit cards, loans can all be done online.
=> Hầu hết các ngân hàng đều đang ở bước thứ ba nên đã có nhiều kế hoạch tiến xa
hơn trong chuyển đổi số. Do đó, nhiều ngân hàng đã chuyển sang thiết lập hệ sinh thái
ngân hàng số, từ mở tài khoản đến đăng ký, phát hành và quản lý sản phẩm. Các dịch
vụ như tài khoản, thẻ tín dụng, khoản vay đều có thể được thực hiện trực tuyến.

1. UK-based HSBC opened a full-service branch in HCM City and has taken the lead in
implementing digital penetration and new technology solutions which are key focus areas at
the bank for both retail as well as corporate customers, according to an HSBC report.

=> Theo báo cáo của HSBC, HSBC có trụ sở tại Vương quốc Anh đã mở chi nhánh
cung cấp đầy đủ dịch vụ tại [Link] và đi đầu trong việc triển khai các giải pháp công
nghệ mới và thâm nhập kỹ thuật số, vốn là những lĩnh vực trọng tâm tại ngân hàng cho
cả khách hàng cá nhân và doanh nghiệp.
1. According to Tim Evans, General Director of HSBC Vietnam, two important issues
post-Covid-19 to ensure that the financial sector maximises its potential are sustainable
finance and digitalisation. The State Bank of Vietnam (SBV) has recently introduced
initiatives to support green finance development and digital transformation.

=> Theo ông Tim Evans, Tổng Giám đốc HSBC Việt Nam, hai vấn đề quan trọng hậu
Covid-19 để đảm bảo ngành tài chính phát huy tối đa tiềm năng là tài chính bền vững
và số hóa. Ngân hàng Nhà nước Việt Nam (NHNN) gần đây đã đưa ra các sáng kiến hỗ
trợ phát triển tài chính xanh và chuyển đổi số.

II. Vietnamese-English translation

4. Thông tin tại họp báo, đại diện Vụ tín dụng các ngành kinh tế cho biết, trên cơ sở mục tiêu
tăng trưởng kinh tế năm 2022 khoảng 6-6,5% và lạm phát khoảng 4% của Quốc hội, Chính
phủ, NHNN định hướng tăng trưởng tín dụng năm 2022 khoảng 14%, có điều chỉnh phù hợp
với diễn biến, tình hình thực tế.

=> Information at the press conference, a representative of the Credit Department for
Economic Sectors said, on the basis of the economic growth target of about 6-6.5% in
2022 and about 4% inflation of the National Assembly, the Government, and the State
Bank of Vietnam. credit growth orientation in 2022 is about 14%, with adjustments in
line with developments and actual situations.

1. Nói thêm về điều hành tín dụng, Phó Thống đốc Đào Minh Tú cho biết, NHNN tiếp
tục đặt ra con số mục tiêu tăng trưởng 14% trong năm 2022 và có thể xem xét điều chỉnh nếu
cần thiết. “Tuy nhiên, kiểm soát lạm phát là yêu cầu cao nhất từ nay đến cuối năm, nên hiện
nay NHNN vẫn duy trì mục tiêu tăng trưởng tín dụng 14%”.

=> Talking more about credit management, Deputy Governor Dao Minh Tu said that
the SBV continues to set a growth target of 14% in 2022 and may consider adjusting it
if necessary. “However, controlling inflation is the highest requirement from now until
the end of the year, so for now, the SBV still maintains its credit growth target of 14%.”

ĐỀ 20
Although the crucial feature of money is its (1)………. as the means of payment or
medium of exchange. money has three other functions. It serves as a unit of account, as a
store of value, and as a standard of (2) ………payment.
The medium of exchange:
Money, the medium of exchange, is used in one - half of almost all exchange. Workers
exchange labor services for money. People buy or sell goods in exchange for money. We
accept money not to consume It directly (3) ………….because it can be subsequently be used
to buy things we do wish to consume. Money is the medium (4)……….. which people
exchange goods and services.
To see that society benefits from a medium of exchange, imagine a barter economy.
A barter economy has no medium of exchange. Goods are simply (5)………. for other
goods.
In a barter economy the seller and the buyer each must want something the other has to offer.
Each person is(6)…………… a seller and a buyer. In order to see a film, you must hand over
in exchange a good or service that the cinema manager wants. There has to be a double (7)
……… of wants. You have to find a cinema here the manager wants what you have to offer
in exchange.
 (8) …………is very complex in a barter economy. People spend a lot of time and effort
(9) ………..others with whom they can make mutually (10) ………swaps. Since time and
effort are scarce resources. a barter economy is wasteful. The use of money –any commodity
generally accepted in payment for goods, services, and debts - makes trading (11)………..
and more efficient. By economizing on time" and effort spent in trading, society can use these
resources to produce extra goods or leisure, (12)………. everyone better off.
[Link] the best answer
1. [Link] [Link] [Link] [Link]
2. [Link] [Link] [Link] [Link]
3. [Link] [Link] [Link] [Link]
4. [Link] [Link] [Link] [Link]
5. [Link] [Link] [Link] d. swapping
6. [Link] [Link] [Link] d. simultaneity
7. [Link] [Link] (sự [Link] d. coincided
trùng hợp)

8. [Link] [Link] [Link] d. traded

9. [Link] [Link] [Link] d. finded
10. [Link] [Link] [Link] d. satisfactory
11. [Link] [Link] [Link] simple d. simply
12. [Link] [Link] [Link] d. makes

III. Answer the following questions

[Link] is the advantage of money in terms of medium of exchange compard with barter
economy?
 In barter economy there must be double coincidence of wants
[Link] does “double coincidence of wants” mean?
 The buyer’s and seller’s needs must be coincided
[Link] is the disadvantage of Barter Economy? People need to spend
 People need to spend much time and efforts to make purchase

III. Choose A, B, C or D which would be best

16. It' s important to…………………….between business and pleasure.
A. think B. see C. distinguish D. divide
17. After the accident, he lost his…………….. for the sport.
A. feeling B. thought C. enthusiasm D. mind
18. The Prime Minister is to meet his European……………to discuss the war against drugs.
A. friends B. counterparts C. enemies D. neighbours
19. He's got a job………..kitchen equipment in a department store. He explains customers
how to use the equipment.
[Link] B. delivering C. maintaining D. installing
20. Our work is hard, but high salary and big bonus may prove sufficient………….
A. responsibility B. compensation C. toughness D. consistency
[Link] staff help customers choose the right phone and advise them on the various
service…………
Packages Packaging Packing packets

22.I don’t want to change job very often. I want to find a ………..job. By that way, I can be
in one area for a long time.
Tempotary Permanent Short long

[Link] finally got a good job in a …………..company. He is now very happy with this job.
Ship Shipping Shipped Shipment

[Link] reason why our business is bad is that we ask buyers to pay all at the beginning. They
prefer to pay in…………..
Instalments Parts Shares short

25………………..is something you buy for less than the usual price.
Discount Bargain Cheaper decrease

B. TRANSLATION

I. English-Vietnamese translation
1. Most banks are at the third step, so there are already many plans to go further in digital
transformation. Therefore, many banks have moved to establish a digital banking ecosystem,
from opening accounts to registering, issuing, and managing products. Services such as
accounts, credit cards, loans can all be done online.

 Hầu hết các ngân hàng đều đang ở bước thứ ba nên đã có nhiều kế hoạch tiến xa hơn
trong chuyển đổi số. Do đó, nhiều ngân hàng đã chuyển sang thiết lập hệ sinh thái ngân
hàng số, từ mở tài khoản đến đăng ký, phát hành và quản lý sản phẩm. Các dịch vụ như
tài khoản, thẻ tín dụng, khoản vay đều có thể được thực hiện trực tuyến.

2. UK-based HSBC opened a full-service branch in HCM City and has taken the lead in
implementing digital penetration and new technology solutions which are key focus
areas at the bank for both retail as well as corporate customers, according to an HSBC
report.

 Theo báo cáo của HSBC, HSBC có trụ sở tại Vương quốc Anh đã mở chi nhánh cung
cấp đầy đủ dịch vụ tại [Link] và đi đầu trong việc triển khai các giải pháp công nghệ
mới và thâm nhập kỹ thuật số, vốn là những lĩnh vực trọng tâm tại ngân hàng cho cả
khách hàng cá nhân và doanh nghiệp.

3. According to Tim Evans, General Director of HSBC Vietnam, two important issues
post-Covid-19 to ensure that the financial sector maximises its potential are
 sustainable finance and digitalisation. The State Bank of Vietnam (SBV) has recently
introduced initiatives to support green finance development and digital
transformation.

 Theo ông Tim Evans, Tổng Giám đốc HSBC Việt Nam, hai vấn đề quan trọng hậu
Covid-19 để đảm bảo ngành tài chính phát huy tối đa tiềm năng là tài chính bền vững
và số hóa. Ngân hàng Nhà nước Việt Nam (NHNN) gần đây đã đưa ra các sáng kiến hỗ
trợ phát triển tài chính xanh và chuyển đổi số.

II. Vietnamese-English translation

4. Thông tin tại họp báo, đại diện Vụ tín dụng các ngành kinh tế cho biết, trên cơ sở mục tiêu
tăng trưởng kinh tế năm 2022 khoảng 6-6,5% và lạm phát khoảng 4% của Quốc hội, Chính
phủ, NHNN định hướng tăng trưởng tín dụng năm 2022 khoảng 14%, có điều chỉnh phù hợp
với diễn biến, tình hình thực tế.

 Information at the press conference, a representative of the Credit Department for

Economic Sectors said, on the basis of the economic growth target of about 6-6.5% in
2022 and about 4% inflation of the National Assembly, the Government, and the State
Bank of Vietnam. credit growth orientation in 2022 is about 14%, with adjustments in
line with developments and actual situations.

4. Nói thêm về điều hành tín dụng, Phó Thống đốc Đào Minh Tú cho biết, NHNN tiếp
tục đặt ra con số mục tiêu tăng trưởng 14% trong năm 2022 và có thể xem xét điều
chỉnh nếu cần thiết. “Tuy nhiên, kiểm soát lạm phát là yêu cầu cao nhất từ nay đến
cuối năm, nên hiện nay NHNN vẫn duy trì mục tiêu tăng trưởng tín dụng 14%”.

 Talking more about credit management, Deputy Governor Dao Minh Tu said that
the SBV continues to set a growth target of 14% in 2022 and may consider adjusting it
if necessary. “However, controlling inflation is the highest requirement from now until
the end of the year, so for now, the SBV still maintains its credit growth target of 14%.”