Vietnam International Bank (VIB) recorded significant personnel changes in its separate financial report for the first half of the year. By the end of june, the bank's total workforce stood at 9,250, a reduction of 677 employees compared to the end of last year. Approximately 500 of these reductions occurred in the most recent three months.

VIB has seen a continuous reduction in its workforce over the past three years. Compared to the end of 2023, the number of employees has decreased by approximately 2,500, representing more than 20%.

At the annual general meeting in april, Dang Khac Vy, Chairman of VIB's Board of Directors, announced the bank's focus on cultivating employees with strong expertise and a proactive mindset. He emphasized that each individual must be able to identify key performance drivers and demonstrate effective decision-making skills.

Mr. Vy's objective is to double employee productivity using the HAGT model. This framework comprises: H for human intelligence, A for artificial intelligence, G for general navigation map, and T for technology tools. The general navigation map (G) is considered the most critical element, ensuring that all initiatives, from leadership to employees, are developed with clear logic regarding both objectives and methods.

This management model allows VIB to accelerate its experimentation and continuously introduce new products, Mr. Vy explained. "Hundreds of initiatives are proposed every week and every month, and the bank selects them for implementation," he stated.

Despite the reduction in staff, average employee income has improved. In the first half of this year, VIB allocated nearly 2,100 billion VND for salaries and bonuses. Each employee received an average of 36,55 million VND per month, a slight increase compared to over 35 million VND in the first half of 2025.

In its annual report released in march, the bank's leadership detailed their proactive approach to reviewing and adjusting the income structure for flexibility and sustainability. Employee income comprises a basic salary and bonuses tied to compliance, performance, and individual contributions. This strategy aims to optimize operating costs while ensuring that total income remains stable despite fluctuating market conditions.

"The average income of employees continues to be competitive in the market," VIB's leadership stated in the report.

VIB bank employees counting foreign currency. Photo: Giang Huy

VIB currently operates one head office and over 200 branches and transaction offices. In the first half of this year, the bank reported a pre-tax profit exceeding 5,100 billion VND, marking a 3,3% increase compared to the same period last year. By the end of Quarter II, both total assets and outstanding credit had grown by 4% since the start of the year, reaching over 580,000 billion VND and 397,000 billion VND, respectively.

VIB has set an ambitious target for this year, aiming for a pre-tax profit of 11,550 billion VND, a 27% increase from the previous year. Total assets and outstanding credit are projected to grow by 15%, with capital mobilization targeted for a 26% increase.

Phuong Dong