VietNamNet Bridge – Banking and telecom are considered the two most profitable economic sectors. The businesses in the business fields can pay VND18 million (about $900) a month on average to their workers. Meanwhile, in Vietnam, the workers with the monthly income of VND10 million would be listed as high income earners.

According to the Governor of the State Bank of Vietnam--Nguyen Van Binh, the banks’ profit decreased by 20 percent in 2012 in comparison with the year before. Especially, the 6 listed commercial banks reported the sharp fall of $28 percent.

However, despite the decreases, banks are still believed to be the enterprises which pay highest salaries to their workers.

Vietinbank has reported the net profit of VND18.4 trillion in 2012, an 8 percent decrease from 2011. Just within the three last months of 2012, the bank recruited 900 more workers. Since the bank’s salary fund was unchanged, the bank’s workers received VND18.9 million a month on average, a slight decrease if compared with the year before.

Vietcombank has also reported that the average pay to its workers decreased slightly in 2012. Every worker received VND19.4 million instead of VND22 million as they did in 2011. However, the decreased pay of Vietcombank’s workers is still the dream of the workers in other business fields of the national economy.

The Military Bank is also among the club of three banks which pay VND18 million and more to workers. The bank, which made a profit of VND3 trillion, spent VND1 trillion for the pay fund.

With the average income of VND18 million, the staff of Viettel, the military telecom group, received more than any other colleagues in other telecom businesses in 2012.

With the total turnover of VND140 trillion, which was even higher than that of VNPT, the state owned giant telecom group, Viettel made a profit of VND27 trillion in the year.

Viettel’s Deputy General Director Le Dang Dung said the group now employs 25,000 workers, who receive pay on their contributions to the company, in accordance with a pilot pay mechanism approved by the Prime Minister.

A chief engineer with five-year experience at Viettel’s R&D Institute can receive VND32 million a month.

The name Tan Cang Saigon (SNP) seems to be unfamiliar to Vietnamese securities investors, but it is really a big guy in the port development and logistics services.

While shipping firms experienced a tough year in 2012 with big difficulties, SPN had a prosperous year. It now holds 85 percent of the import-export container market in the south and 46 percent of the country’s market share, while having been listed among the world’s 34 biggest ports.

In 2012, the company obtained the revenue of VND6.4 trillion, paid 17 month-salary to every worker, which meant that every got VND300 million in the year.

Having a small scale, with just 51 workers, VCFC--a finance joint stock company, still had a satisfactory business performance. In 2012, the company made a profit of VND93 billion, while it reserved VND11.65 billion for the pay fund, or 12.5 of the yearly profit.

Meanwhile, businesses’ CEOs earned much more than their workers. Nguyen Thi Mai Thanh of the Refrigeration Engineering Enterprise (REE) and Doan Nguyen Duc of Hoang Anh Gia Lai Group are the CEOs with the highest pay.

Thanh has been receiving VND100 million a month over the last 6 consecutive years. Duc received VND240 million a month for the work as the President of Hoang Anh Gia Lai.

US$1=VND21,000

Infonet