Banks launch recruitment drives to prepare for year-end
Several banks have recently announced they would recruit a large number of personnel to meet their business expansion plans in the last quarter of the year - the busiest time for banks.
HDBank announced a plan to recruit 1,000 new staff for transaction offices and branches in HCM City, Hanoi and 44 other cities and provinces nationwide. (Photo: HDBank)
Hanoi (VNS/VNA) - Several banks have recently announced they wouldrecruit a large number of personnel to meet their business expansion plans inthe last quarter of the year - the busiest time for banks.
HDBank announced a plan to recruit 1,000 new staff for transaction offices andbranches in Ho Chi Minh City, Hanoi and 44 other cities and provincesnationwide. The positions to be filled are for individual and corporatecustomer relationship managers and consultants.
HDBank currently has about 6,200 employees at 285 transaction offices andbranches nationwide, in addition to nearly 8,000 employees at its consumerfinance subsidiary HD Saison.
A number of other banks will also have to step up recruitment from now to theyear-end as they have announced plans to hire thousands of employees this year,but no significant progress has been made.
For example, ACB in March launched a nationwide effort to recruit 1,000 peoplefor various positions in the bank’s business, operations and informationtechnology divisions this year, but the number of the bank’s employeesdecreased by 168 people in the first half of this year.
The same move was seen at Nam A Bank, which said it would recruit 2,000employees from managers to consultants in 2019 to expand the network anddevelop nationwide, but the number of personnel at the bank basically remainedstable in the first six months according to the bank’s financial statements.
Earlier, in the first six months, many banks also recruited a large number ofemployees, such as Vietcombank with 1,136 new employees; TPBank, 682; MBBank,739; and Techcombank, 529.
Industry insiders said banks have been expanding their networks and deployingnew business activities, so demand for workers is growing. - VNS/VNA
Some banks have unexpectedly announced they would cut interest rates on VND loans in the Government’s priority sectors to support firms in 2019, starting from August 1.
The Vietnam Bank for Agriculture and Rural Development (Agribank) has been named on the list of the Top 10 prestigious banks in Vietnam in 2019 by the Vietnam Report Company.
Instead of the modest contribution made previously, the insurance business segment, or bancassurance (banks co-operate with insurers to sell insurance products), has now become the main source of income from service activities for many banks.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.