Many bank workers have done well after a relatively good year for Vietnam's banks, with employee incomes remaining strong for 2014, financial reports show.
Banking staff earn high wages on average
Vietnam Bank for Industry and Trade (VietinBank) tops the list for average monthly payment for its staff, at VND20m in 2014, a slight decline of 0.3 percent on the previous year. VietinBank's total payroll of 19,787 staff was VND4.5 trn.
Individual incomes vary, with senior management earning hundreds of millions of VND a month, while lower staff earn far less, depending on their duties and responsibilities.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) spent over VND3trn on payroll for its 13,643 staff last year, for an average of VND18.9m a month.
The Military Commercial Joint- Stock Bank (MB) paid staff a monthly average of VND17.73m, for a total of VND1.28trn on 6,507 staff.
Vietnam Export Import Commercial Joint Stock Bank (Eximbank) paid its staff an average VND17.5m, while Saigon-Hanoi Commercial Joint Stock Bank (SHB) paid its staff VND17.39m. Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) paid VND17.2m and Asia Commercial Bank (ACB) paid a monthly average of VND15.5m last year.
The Vietnam banking sector reported lower bad debts and higher profit.
