There are 49 commercial banks in Vietnam, including 100 percent state-owned banks, commercial joint stock banks, 100 percent foreign-owned banks, banks for social policy, joint venture banks and cooperative banks.

Twenty-nine commercial banks have made their financial reports public, including Agribank and 28 joint stock banks which list shares at the HCM City Stock Exchange (HOSE), Hanoi Stock Exchange (HNX) and UpCom.

As of the end of 2022, as many as 273,364 employees had been working for the 29 banks, an increase of 7,958 employees, or 3 percent, compared with the end of 2021.

The 29 banks are the largest in terms of operation scale. 

Agribank has the largest network with branches present throughout the country. It leads in terms of the number of workers.

As of the end of June 30, there were 39,326 employees for the holding bank. In the first half of 2022, the bank spent VND8.82 trillion to pay salaries and allowances to workers. It is estimated that the total figure for the entire 2022 was VND17 trillion.

BIDV, the bank with the largest charter capital in the banking system (VND50.585 trillion), ranks second in number of employees. By December 31, 2022, the bank had 25,700 employees, an increase of 1,012 workers in comparison with 2021. 

BIDV was one of the banks recruiting the highest number of workers last year. It spent VND9.6 trillion to pay salaries and allowances to workers.

The bank in the third position in number of workers is Vietinbank with 22,879 by the end of 2022, a decrease of 221 compared with the same period the year before. Total workers’ salaries and allowances was VND7.69 trillion.

Vietcombank, with 21,884 workers (up by 900), ranks fourth. It spent VND9.371 trillion to pay salaries and allowances to workers.

Large joint-stock banks, including Sacombank, VPBank, ACB, LienVietPostBank and Techcombank, use over 10,000 workers. Sacombank had 17,378 workers by the end of 2022, VPBank 13,017, ACB 12,604, LienVietPost Bank 12.203 and Techcombank 11,545.

VP Bank last year recruited nearly 3,000 more workers, while TP Bank, LienVietPost Bank, MSB and BIDV had 1,000 more workers.

Though TPBank has applied AI to run automatic banking operations (LiveBank), it was still among the banks with the highest numbers of workers recruited.

Meanwhile, Agribank, Sacombank, Techcombank, OCB and VietBank downsized the staff. VietA Bank alone cut 4,300 jobs.

Analysts predict that demand for senior officers for the financial and banking sector will increase by 20 percent per annum in fiscal he 2020-2025 period.

Duy Anh