According to preliminary statistics, up to 10 banks reduced their human resource in the first three months (Q1) of 2019. Specifically, more than 780 employees at 10 banks quit their jobs in Q1 this year.
In particular, Vietnam Prosperity Commercial Joint Stock Bank (VPBank) recorded the strongest decline in workforce with 520 people. VPBank’s staff number (except for those of the parent bank) dropped from 11,466 people in the beginning of the year to 10,946 people. However, the bank’s subsidiaries still strongly recruited people. Accordingly, the number of employees of VPBank’s consolidated bank slightly rose by 61 people to 27,490 people. VPBank is still the bank with the most staff number at the recent time.
Apart from VPBank, the number of employees in Q1 2019 of Commercial Joint Stock Bank for Investment and Development of Vietnam (BIDV) also declined by 100 people, reaching 23,274 people.
About eight more banks also cut down their workforce, such as Export Import Commercial Joint Stock Bank (Eximbank) with reduction of 55 people, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) with a decline of 23 people.
Orient Commercial Joint Stock Bank (OCB), LienVietPostBank, HCM City Development Commercial Joint Stock Bank (HDBank), Petrolimex Group Commercial Joint Stock Bank (PGBank), Saigon Commercial Joint Stock Bank for Industry and Trade of Vietnam (Saigonbank), Saigon Hanoi Commercial Joint Stock Bank, etc., but the decline was relatively low at about some dozens of staff.
Meanwhile, some other banks recruited a fairly large workforce over the last four months with an increase of about 200-400 people. For example, the number of Vietnam International Commercial Joint Stock Bank (VIB)’s employees in Q1 increased by 414 people to 5,612 people. Asia Commercial Joint Stock Bank (ACB) saw an increase of 337 people in workforce, while that number was respectively 283 people and 341 people at Vietnam Technology Commercial Joint Stock Bank (Techcombank) and Military Commercial Joint Stock Bank (MBBank), etc.
According to statistics, the average income of bank employees is currently fairly high. More than ten banks offer average income of above 20 million dong per month. However, it should be noted that this is an average number, including the income of leaders. Therefore, despite being consider a sector with high income and an environment of good treatments, the changes in human resources in the banking sector are still huge. Many employees are recruited but many others also quit their jobs.
With decline in human resource at many banks in the past few months, the demand for recruitment of banks in the near future is forecasted to increase. According to a survey by the Statistics and Forecasting Department of the State Bank of Vietnam (SBV), just more than half credit institutions increased their workforce in the beginning of 2019, and more than 25 percent of credit institutions expect to recruit more in Q2 2019.
For Commercial Joint Stock Bank for Industry and Trade of Vietnam (VietinBank), in the last four months, the bank employed nearly 200 people for 29 branches throughout its system. Meanwhile, BIDV announced to recruit nearly 1,000 people in 2019.
ACB said that it wants to recruit 1,000 new employees with unlimited working experience in the banking sector and boosts recruitment in the Information Technology field, from fresh graduates to experienced ones.
Nam A Commercial Joint Stock Bank (NamABank) has the highest recruitment demand as it targets to hire more than 2,000 employees in 2019.
