The state-owned Vietcombank continued to secure top place in salary payment as it had done in recent years with an average monthly salary of VN36.8 million ($1,594), up 7 percent from last year’s average.

An employee counts Vietnamese banknotes at a bank in Hanoi.

It was followed by two private banks. Techcombank came in second at VND36.1 million ($1,563) and ACB third at VND35.8 million ($1,550).

The rest of the top five were made up of state-owned MB and private VPBank.

An average Vietcombank employee brought in revenues of nearly VND200 million each month, exceeding that of the next four banks at around VND160 million.

ACB, VPBank and private HDBank were among those with the highest salary growth rates of between 33 and 39 percent. Most other banks saw single-digit growth.

Salary declines were seen in state-owned BIDV, down 7 percent, private VIB, down 6 percent and Sacombank, down 16 percent. Industry insiders said the drop was a cost-cutting measure adopted by banks to ensure profit amid rising risk of bad debts caused by the Covid-19 pandemic.

The Governor of the State Bank of Vietnam Le Minh Hung recently called for banks to continue cutting down on salaries and bonuses so they could lower interest rates for borrowers and boost lending amid the pandemic-initiated crisis.

"Cow bank" - A meaningful livelihood gift

(BGO) – 2020 marks the 10th year of the Vietnam Red Cross Society (VRC) Central Committee’s  implementation of the "Cow Bank" programme, which provides breeding cows for disadvantaged households. In Bac Giang, many households have come out of poverty thanks to this meaningful livelihood gift.

Banks to offer credit packages for customers affected by Covid-19

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and the Vietnam Bank for Agriculture and Rural Development (Agribank) will provide credit packages worth 60 trillion VND (2.5 million USD) and 100 trillion VND respectively to support customers amid the Covid-19 pandemic.

Bac Giang’s commercial banks accompany enterprises in Covid-19 fight

(BGO) - The impacts of the Covid-19 pandemic, and production and business difficulties have caused many businesses to face the risk of not repaying bank loans on time. To limit the negative effects, banks in Bac Giang province have actively implemented many measures to accompany enterprises.

Banks to provide over 12-billion-USD credit to epidemic-hit firms

The banking sector is building a credit support programme with a value of 285 trillion VND (over 12.2 billion USD) for firms hit by the epidemic of the acute respiratory disease caused by the SARS-CoV-2 (COVID-19), in an attempt to help ease their difficulties, according to an official of the State Bank of Vietnam.

Banks, fintech firms promote cashless payments during epidemic

To prevent the spread of the new strain of coronavirus in Vietnam, customers are encouraged to adopt cashless payment methods.

Source: VnExpress