Commercial bank employees received an average monthly wage last year of 13-23 million VND (590-1,045 USD), up 1-4 million VND against 2014, thanks to banks’ better performance.
A transaction office of Vietcombank (Photo: Vietcombank)
Hanoi (VNA) - Commercial bank employees received an average monthly wage last year of 13-23 million VND𝓀 (590-1,045 USD), up 1-4 million VND against 2♋014, thanks to banks’ better performance.
According to the latest financial reports released recently by 11 banks, employees at Vietcombank got the highest monthly average wage of 22.7 million VND, up 4 million VND. The bank's 14,750 employees also achieved the highest productivity in the domestic banking system, with each employee generating 36 million VND in profits.
Techcombank also reported an average wage rise of 2 million VND per month last year, helping more than 7,600 of its employees to receive 21 million VND as monthly salary.
Though it recruited an additional 3,400 employees last year, VP Bank's monthly average salary still rose by 3.3 million VND to 18.3 million VND, thanks to the bank's profits of 2.395 trillion VND last year.
The average salaries at BIDV, Vietinbank, VIB and MB also remained high between 17million VND and 19 million VND per month.
Though the business results were not as good as expected, the wages at Eximbank and ACB still rose by 3 million VND and 1 million VND to 14.5 million VND and 15 million VND, respectively.
During the year, employees at Sacombank saw their wages fall by 1.3 million VND to touch 13 million VND due to the bank's merger with the ailing Southern Bank.
A report recently released by Navigos Search showed finance and banking topped the list of 10 industries that offered the highest salaries to mid-level and senior managers in 2015. Though the finance and banking industry was facing a slew of challenges, it gave monthly wages of 100 million VND to 200 million VND to mid-level and senior employees in northern Vietnam last year, followed by the manufacturing and real estate sectors.
Navigos Search also said finance banking will be also one of the four industries that will have the strongest recruitment demand this year.
A survey, conducted by the State Bank of Vietnam's (SBV) Department of Monetary Forecast and Statistics in Q4/2015, also shows that thanks to last year's growth, the labour demand of banks is also expected to increase this year.
According to the SBV survey, 64.2 percent of the institutions said they will recruit more people in 2016, with 50 percent saying the recruitment will be made right in the first quarter to allow them to seize new opportunities.-VNA
The highest monthly salary for mid-level and senior managers in Vietnam was 225 million VND (10,000 USD), up by 11 percent in 2015 in comparison with the previous year.
The Ministry of Home Affairs has released a draft decree stipulating that the minimum wage for cadres, civil servants, public employees and those working in the armed forces will go up on May 1, 2016.
Domestic commercial banks plan to recruit thousands of employees this year to boost development and seize new opportunities, business news website cafef.vn reported.
Pham Minh Huan, Deputy Minister of Labour, Invalids and Social Affairs and Chairman of the National Wage Council, speaks with Vietnam Plus about workers' salaries this year.
Banking assets by the end of 2015 rose 12.35 percent year-on-year to more than 7,319 trillion VND (332 billion USD) thanks to the improved business performance of most of the credit institutions.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
A transaction office of Vietcombank (Photo: Vietcombank)
