Banks speed recruitment to meet expansion plans

Feb 22nd at 09:02
22-02-2020 09:02:57+07:00

Banks speed recruitment to meet expansion plans

Many banks have announced the recruitment of a large number of personnel to meet business expansion plans in 2020.

 

After recruiting more than 800 staff late last year, Sai Gon Thuong Tin Joint Stock Commercial Bank (Sacombank) announced plans to continue recruiting hundreds of new workers for offices and branches nationwide.

The positions to be filled are for individual and corporate customer relationship employees, consultants and tellers.

Saigon Hanoi Commercial Joint Stock Bank (SHB) also announced a plan to find candidates for 120 new positions in its offices nationwide in its first recruitment drive this year, also mainly for customer relationship, consultant and teller positions.

Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) has followed suit, recruiting for hundreds of positions in Ha Noi and HCM City. Applications for two positions of individual clients and tellers would be accepted until the end of this month.

Other banks such as Vietnam Technological and Commercial Joint Stock Bank (Techcombank), Tien Phong Commercial Joint Stock Bank (TPBank), Orient Commercial Joint Stock Bank (OCB), Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) are also carrying out large recruitment campaigns.

Agribank expects to recruit 700 to 900 personnel nationwide at the end of March.

The latest survey of the banking industry’s business trends released by the State Bank of Viet Nam (SBV)’s Department of Forecasting and Statistics earlier this year showed the recruitment demand of banks in 2020 was high.

Specifically, though 58.3 per cent of banks said that they had increased labour in the last quarter of last year, 23.3 per cent of banks stated that there was still a shortage.

With that demand, along with the expansion of business activities in 2020, up to 55.3 per cent of credit institutions planned to continue recruiting more employees in the first quarter of this year and 73.8 per cent of credit institutions expected to increase the number of employees throughout the year.

Last year’s data also showed the total staff of 20 banks increased by nearly 7,000 people, up more than 3.7 per cent from the end of 2018.

The two banks that recruited the most workers last year were Vietnam International Commercial Joint Stock Bank (VIB) with 1,746 people and Vietcombank with 1,696 people.

bizhub



RELATED STOCK CODE (4)

NEWS SAME CATEGORY

Consumer finance firm FE Credit turns joint-stock

The State Bank of Vietnam (SBV) has approved consumer finance firm FE Credit to change its legal status from limited liability to joint stock.

IFC increases trade finance limits to support Vietnamese businesses amid COVID-19

IFC, a member of the World Bank Group, has increased trade finance limits for Vietnamese banks as a rapid response initiative to address, in advance, potential...

Trade deals facilitate foreign investors in Vietnamese banks

Experts believed European investors would eye Vietnamese banks which have some good criteria.

Cyber threats slow down rise of cashless payments

Vietnamese lenders and fintech groups are catching up with international peers on kick-starting the economy and promoting cashless transactions in the face of the...

CIMB Bank joins hands with Sendo to promote fast digital loan solution

CIMB Bank (Vietnam) Ltd., under CIMB Group, the leading banking group in the ASEAN, and Sendo JSC today announced a strategic partnership to promote fast digital...

How FTAs can improve Vietnam’s MSCI rating

One of the significant events Vietnam was hoping to occur last June unfortunately did not transpire – being named on the Morgan Stanley Capital International (MSCI)...

Mobile money to add up 0.5 ppts to Vietnam economic growth

Over 50% of the Vietnamese population does not have a payment account at banks, therefore, mobile money would offer a non-cash payment method for a large base of...

Central bank makes net cash withdrawal amidst high inflation pressure

The State Bank of Viet Nam made a net cash withdrawal worth VND86 trillion out of the economy through open market operations (OMO) from January 20 to February 14.

BIDV offers assistance to individual customers amid coronavirus outbreak

The Joint Stock Commercial Bank for Investment and Development of Viet Nam (BIDV) has announced a credit package worth VND5 trillion (US$215 million) for its...

Specialist loans to jack up SME growth

Small- and medium-sized enterprises in Vietnam looking to develop new capabilities will now get a leg-up from business loans provided by Military Bank, Saigon-Hanoi...

Bank stocks

Insurance stocks


MOST READ


Back To Top