The event witnessed the participation of representatives from various associations, businesses, and Vietnamese communities across 27 EU member countries, showcasing the diaspora’s increasingly profound role in fostering economic and trade cooperation between Vietnam and the EU.
During the program, MB signed Memorandums of Understanding with three prominent organizations of Vietnamese entrepreneurs in Europe on June 7 (local time). This strategic move aims to foster financial linkages, expand the ecosystem of services for overseas Vietnamese, promote MB’s brand image, and enhance its capacity to provide banking services in the international market.
As a leading financial institution in Vietnam, MB is currently accelerating its digital ecosystem strategy to comprehensively meet the financial and banking needs of Vietnamese worldwide. MB’s products and services, such as payment accounts, international money transfers, savings, and investments, are integrated into a modern digital banking platform, enabling efficient financial management for users wherever they are. The MBBank App now allows overseas Vietnamese customers to register and use remote services, offering a seamless, fast, and secure experience.
In parallel with its retail focus, MB is also a strategic partner to over 3,000 FDI enterprises in Vietnam, especially from the EU market. The bank is committed to providing comprehensive financial solutions to support businesses from the investment research phase, entity establishment, operation, and business expansion, thereby enhancing their effectiveness in market access and regional supply chains.
“MB considers digital transformation not only as a strategic goal but also as a tool to create superior value for customers,” said Nguyen Thi Thuy, Director of the Retail Center. She added, “With a focus on enhancing customer experience, developing a multi-utility digital ecosystem, and leveraging big data and AI in core business operations, MB aims to fulfill its mission of contributing to the country’s development and benefiting its customers. Based on our seven years of digital transformation journey, MB is dedicated to working hand in hand with the government, the banking industry, and business partners to accelerate digital transformation, thereby building a professional, efficient, and resilient image of Vietnamese banks and enterprises in the global arena.”
Nguyen Thi Thuy, Director of MB’s Retail Center, delivers a speech at the event
The collaboration between MB and the Vietnamese Business Associations in Europe marks a strategic step forward in expanding their network and supporting Vietnamese entrepreneurs worldwide. Beyond connecting resources and opportunities, this partnership aims to build a robust financial ecosystem where MB offers modern and flexible banking solutions to meet the financial and investment needs of Vietnamese enterprises in Europe amidst global digital transformation. This foundation empowers Vietnamese businesses in the diaspora to enhance their competitiveness, deeply integrate into the global value chain, and substantially contribute to the sustainable development of the overseas Vietnamese community and the cooperation between Vietnam and the European Union.
About Military Commercial Joint Stock Bank (MB)
MB is one of the leading financial institutions in Vietnam, steadfast in its vision to become a Digital Enterprise and a Leading Financial Group. By the end of 2024, the bank served 30 million customers, recording total assets of over VND 1.1 quadrillion and pre-tax profits of nearly VND 29,000 billion. As early as 2017, MB established its strategy to become a “Digital Enterprise – Leading Financial Group,” with a strong and consistent commitment to comprehensive digitization. The achievements are remarkable:
– Digital transaction ratio reached 97%, on par with top Asian banks.
– MBBank App with over 12 million active accounts has consistently ranked among the most downloaded financial apps in Vietnam in the last three years.
– Upgraded technology infrastructure ready to serve 50 million customers in the near future.
As a pioneer in the self-serving trend, MB offers its customers not just a super app but a comprehensive ecosystem with over 200 mini-apps, integrating various non-banking services into the MBBank App to cater to users’ diverse daily needs – from utility payments to flight bookings, tour packages, and golf course reservations, all accessible within the app.
“The Private Sector’s Pivotal Role in the Green Transition”
“Green transformation is not merely about compliance but about investing in the future. It is about recognizing the intrinsic value it brings to a business’s balance sheet.”
‘The Author’ Proposes $100 Billion High-Speed Rail: We’re Not Kidding
“Despite a staggering $100 billion investment pledge for high-speed rail, representatives of the consortium remain tight-lipped about their business model and profitability. In a revealing conversation, they shared insights that will undoubtedly raise eyebrows.”
The White Gold Rush: How America’s Surplus Brine Transforms Vietnam’s Fortunes.
The United States is the primary market for Vietnamese exports of this product.
The Easiest Way to Start Your Business: Understanding the Draft Decree on Cases of Business Registration Exemption
“For low-income households engaged in production and service activities, registration as a business household is not mandatory, with a few exceptions. This exemption aims to simplify the process for households with modest economic activities.”
Charging the Owner of a Coffee Company
By the time the illegal activities were uncovered, the company had consumed 17,671 kg, equivalent to 35,342 units of ground coffee products, generating a total revenue of nearly 1.3 billion VND.
