Big gap in banking industry salaries
Bank employee salaries are always a topic of interest, especially when there is a strong differentiation between large and small banks.
Data from financial reports shows that, among the banks that have disclosed information, Techcombank, VIB, ACB and Saigonbank are the units that disclosed the average salary:
Techcombank: 41 million VND/person/month
VIB: 25.07 million VND/person/month
Saigonbank: 14 million VND/person/month
ACB: 13.6 million VND/person/month
Among them, ACB has the lowest average salary but the average income is still high thanks to bonuses and allowances. This reflects the difference in compensation policies between banks.
Techcombank continues to lead in average income
If considering total income (including salary, bonus and allowance), Techcombank still maintains the number one position with 48 million VND/person/month, far surpassing the remaining banks.
Top 10 banks with the highest average income in 2024:
Notably, HDBank unexpectedly rose to second place thanks to the strongest income increase in the system, an increase of VND9.9 million/person/month compared to the previous year. In contrast, TPBank, VIB, ABBank, LPBank, KienlongBank and Saigonbank are banks with average income decreasing compared to 2023.
What is noteworthy about bank leadership remuneration?
In addition to employee salaries and income, some banks such as Techcombank, Sacombank, Vietcombank and VPBank also announced after-tax remuneration of the Board of Directors (BOD), the Board of General Directors and the Board of Supervisors.
At Techcombank:
Chairman Ho Hung Anh received VND 4,367 billion (slightly increased compared to VND 4,344 billion in 2023).
Vice President Nguyen Dang Quang received 3,988 billion VND.
Other members of the Board of Directors receive from 1.7 - 3.8 billion VND/person.
Head of the Board of Supervisors Hoang Huy Trung received 5,135 billion VND.
Full-time members receive from 1.4 to 5 billion VND.
CEO Jens Lottner receives VND25.66 billion in 2024.
At Vietcombank:
The Board of Directors received 13.95 billion VND, a decrease of nearly 3 billion VND compared to 2023.
Chairman Nguyen Thanh Tung received 1,642 billion VND.
The three members of the Board of Directors with the highest remuneration are: Ms. Nguyen Thi Kim Oanh (2.249 billion VND), Mr. Ho Quang (2.081 billion VND), Mr. Nguyen Manh Hung (2.227 billion VND).
The Executive Board received 17,464 billion VND, down more than 50% compared to last year.
Deputy General Director in charge Le Quang Vinh received 1,938 billion VND.
At VPBank:
Chairman of the Board of Directors Ngo Chi Dung received 3.36 billion VND.
Two Vice Presidents Bui Hai Quan and Lo Bang Giang received 3.12 billion VND.
The Board of Directors received VND 63,431 billion, an increase of VND 6 billion compared to 2023.
At Sacombank:
The Board of Directors received 32.55 billion VND, an increase of 2.5 billion VND compared to last year.
The Board of Directors received 60.95 billion VND, a decrease of 8 billion VND compared to last year.
These figures show the disparity not only in employee earnings but also between leadership levels within each bank.
