How to classify salaries of civil servants specializing in Banking in Vietnam

Tran Thanh Rin

10:25, 08/11/2022

Governor of the State Bank of Vietnam (SBV) issued Circular 14/2022/TT-NHNN dated October 31, 2022 regulates codes, professional standards, and salary rankings for specialized banking civil servant ranks.

The Banking specialized civil servant ranks specified in Circular 14/2022/TT-NHNN apply Table 2 (Professional salary schedule for officials and civil servants in state agencies) issued together with Decree 204/2004/ND-CP, specifically as follows:

- The rank of Bank Senior Controller class applies civil servant salary table type A3, group 1 (A3.1), from salary coefficient 6.20 to salary coefficient 8.00;

- The rank of Chief Controller of the bank applies the civil servant salary table type A2, group 1 (A2.1), from salary coefficient 4.40 to salary coefficient 6.78;

- The rank of Bank Controller class applies civil servant salary table type A1, from salary coefficient 2.34 to salary coefficient 4.98;

- The rank of Warehouse keeper and bank treasurer applies civil servant salary table type A0, from salary coefficient 2.10 to salary coefficient 4.89;

- The rank of Cash and treasury Staff applies the civil servant salary table type B, from salary coefficient 1.86 to salary coefficient 4.06.

(This is a new civil servant rank in the banking sector compared to Circular 12/2019/TT-NHNN)

Currently, the base salary is 1,490,000 VND.

Thus, the salary of civil servants specialized in banking will fluctuate, with the lowest level being 2,771,400 VND and the highest level being 11,920,000 VND.

Circular 14/2022/TT-NHNN takes effect on January 1, 2023, and replaces Circular 12/2019/TT-NHNN.

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