According to audited financial reports 2018 from 20 Vietnamese banks, the average monthly income of banking employees in 2018 were VND12.37 million-34 million (USD521.73-1,478).
Vietcombank ranked first with VND33.5 million. It is followed by Techcombank with VND30 million. The runners-up are MBBank with VND25.89 million, BIDV with VND25.16 million and VIB with VND22.8 million.
A survey by the State Bank of Vietnam, up to 70.93% of Vietnamese banks recruited more staff last year. By late this year, 76.7% of the banks will have increased their employees.
The White Book on Vietnamese Enterprises 2019 issued by the Ministry of Planning and Investment also indicated that the finance, banking and insurance sectors saw the highest salary in 2017 with the average monthly figure of VND21.6 million.
Staff in the electricity sector came second with VND16.1 million and followed by agro-forestry and fishery employees with VND5.25 million.
Despite the central bank’s tightened monetary policy, many banks reported good business in 2018 thanks to improved resolution of bad debts and rising income from services.
Lots of banks also obtained high profits in the first six months of 2019 and almost all banks have completed over 50% of their yearly profit targets.
Vietcombank earned a pre-tax profit of VND11.28 trillion (USD485.04 million) during the period, up 40.7% compared to the same period in 2018 and it has also completed 55% of the yearly profit target.
MBBank announced a pre-tax profit of over VND4.3 trillion (USD184.9 million), up 22.5% over the corresponding period in 2018.
Experts expect that the banking sector will continue to strongly grow in the remaining months of this year, especially since some commercial banks are allowed by the State Bank to expand credit.