Several Vietnamese banks have significantly increased their employee compensation in the first half of 2025. For the first time in the sector’s history, seven commercial banks have reported average monthly staff income exceeding 40 million VND (approx. $1,600) per person.

According to Q2/2025 financial reports from 28 commercial banks, 17 banks posted higher average staff income compared to their 2024 figures.

Leading the sector in income growth were Sacombank (up 10 million VND/month), followed by VPBank (9.8 million VND), TPBank (9.3 million VND), MB (6.3 million VND), NCB (5.7 million VND), ABBank (4.2 million VND), LPBank and VIB (each 4.1 million VND), and Saigonbank and Vietcombank (each 4 million VND). ACB also reported a 3.3 million VND increase.

Conversely, several banks saw declines in average staff income compared to 2024, including Nam A Bank, HDBank, Techcombank, VietBank, Agribank, BIDV, SHB, MSB, Bac A Bank, Viet A Bank, and Eximbank.

Nam A Bank recorded the sharpest decline, with average income dropping 8.2 million VND to 21 million VND/month. HDBank followed with a 6.6 million VND drop, bringing its average to 32 million VND/month.

Although still among the highest-paying banks, Techcombank reported a monthly average income of 43 million VND in the first half of the year - down 5 million VND from 2024’s average, and 10 million VND lower compared to the same period last year.

A notable shift in the rankings saw TPBank overtake Techcombank to become the top bank for average staff income, with employees earning 43.42 million VND/month (approx. $1,740), including salary and allowances.

Techcombank followed closely with 43 million VND. For the first time, other major players such as Vietcombank, ACB, Sacombank, and VPBank joined the exclusive group of banks offering average staff income above 40 million VND/month.

MB and SHB were excluded from this ranking due to the lack of detailed breakdowns for salary and allowances. Instead, they reported total employee-related expenses, which include salaries, benefits, and insurance contributions. Based on this data, MB’s average employee cost was 54.4 million VND/month (approx. $2,180), up 6.3 million VND from 2024. SHB reported 39 million VND/month, down 1.9 million VND.

It is estimated that average staff income at MB still exceeds 40 million VND/month.

Banks with average staff income below 40 million VND/month

In addition to the top-tier group, several banks reported average income above 30 million VND/month for the first half of 2025: VietinBank (38 million), NCB (36.65 million), VIB (35.38 million), BIDV (35 million), MSB (32.5 million), HDBank (32 million), SeABank (31.8 million), and Agribank (30 million).

Except for Vietcombank, the other three members of the “Big Four” state-owned banks - Agribank, BIDV, and VietinBank - have been overtaken by a wave of rising private banks in terms of staff compensation.

Meanwhile, smaller private banks including VietBank, Saigonbank, Nam A Bank, Viet A Bank, and KienLong Bank offered the lowest compensation packages.

VietBank was the only bank to maintain average staff income below 20 million VND, at just 17 million VND/month (approx. $680).

Average staff income ranking of commercial banks in the first half of 2025

(Income figures in VND million/person/month; changes vs. 2024)

TPBank – 43.42 (+9.3)
Techcombank – 43 (-5)
Vietcombank – 42 (+3.9)
ACB – 41 (+3.3)
Sacombank – 41 (+10)
VPBank – 41 (+9.8)
VietinBank – 38 (+0.4)
NCB – 36.65 (+5.7)
VIB – 35.38 (+4.1)
BIDV – 35 (-2.8)
MSB – 32.54 (-1)
HDBank – 32 (-6.6)
SeABank – 31.80 (+1.6)
Agribank – 30 (-3.7)
ABBank – 28 (+4.2)
LPBank – 27 (+4.1)
PGBank – 26.7 (+2.7)
OCB – 24 (+0.35)
Bac A Bank – 23.5 (-0.65)
Eximbank – 23.25 (-2.5)
BVBank – 23.24 (+1.3)
KienLong Bank – 23 (+3)
Saigonbank – 22 (+4)
Viet A Bank – 21.6 (-0.35)
Nam A Bank – 21 (-8.2)
VietBank – 17.55 (-4)
(Note: MB and SHB excluded from ranking)

Tuan Nguyen