Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.
Income from services of most of Việt Nam’s commercial banks surged sharply by an average of 35 per cent annually in the past three years.
Commercial banks are expecting the revenue from fees and retail banking services to become their main income sources this year, as a result of rising market demands.
Together with high profits of a trillion đồng at the end of 2017, domestic commercial banks reportedly hired thousands of employees to boost their performances and seize new opportunities.
Banks are investing significantly in retail banking services instead of only focusing on corporate lending in the hope of gaining higher profits from the potential segment this year.
Commercial banks have consistently recruited thousand of new employees, especially for retail banking services, to meet business targets in 2017.
Strong efforts from the HCM City banking industry are needed to complete its mission in 2017, a high-ranking official has said.