Banks report big profits and increase recruitment


Many commercial banks in Vietnam have reported rising profits in the first half of 2017. They have also increased recruitment.

Vietcombank announced pre-tax profits of VND5.05 trillion (USD222.2m), a rise of 20.5% compared to the same period of 2016. Vietcombank has achieved 53.2% of its 2017 plan and may earn a profit of VND10 trillion (USD440 million) for the whole year of 2017.   

VietinBank made a pre-tax profit of nearly VND4.7 trillion (USD213.6m) in the first six months of this year, up 12% on-year and fulfilling 54% of the year target.

BIDV reported a pre-tax profit of VND3.7 trillion during the period, meeting nearly 48% of the year target.

Many small and medium-sized banks have already released their rising profits during the first half of 2017. LienVietPostBank made a profit of nearly VND900 billion (USD39.6 million), nearly double the profit of the corresponding period last year.

Similarly, SHB reported a profit of VND800 billion (USD35.2 million), while OCB and TPBank each reported a profit of nearly VND500 billion (USD22 million).

Thanks to the higher profits, the credit growth between January and June this year was estimated at 7.54% compared to 6.2% of the same period of 2016 and also the highest rate over the past years.

Many commercial banks have also increased their requirement for different positions. Vietcombank now wants to recruit 404 staff members for 94 branches nationwide.

VietinBank have also announced plans to recruit 77 staff for its branches in Hanoi, HCM City and Danang in the third quarter of this year. 

Meanwhile, after changing many of the key positions, Sacombank have recruited nearly 1,000 people for its different boards. Nam A Bank also needs to find 500 qualified candidates for its offices nationwide.


Photo: CBR Investment AG