“MB Retains Crown as Vietnam’s “Best Forex Bank””

For the fourth time in nine years and consecutively for the second year, MB has been awarded this recognition, underscoring its superior capabilities and leading position in the fields of forex, derivatives, and international payments.

Asserting its dominance in forex, derivatives, and international payments

According to The Asian Banker, MB was honored in the “Best FX Bank in Vietnam” category due to its superior scale of operations, solid market position, robust digital transformation capabilities, and high-quality human resources. With a large market share and a diverse product portfolio, MB’s forex business has maintained impressive growth over the years and is regarded as one of the market leaders. In the last three years, forex trading volume has grown by an average of nearly 30% annually, and MB’s forex market share consistently ranks among the top five financial institutions in terms of efficiency and trading volume. In 2024, MB’s total operating income exceeded $2.1 billion, a 17% increase year-over-year, with forex trading and services serving as the main growth drivers. Simultaneously, MB sustained its high profitability with an ROE of 21.5% and an ROA of 2.2%, cementing its competitive edge in the industry.

In addition to its remarkable financial performance, MB is also a pioneer in digital service innovation for corporate clients. The Biz MBBank platform has been synchronously upgraded, allowing customers to perform online LC openings for imports with processing times reduced by up to 80%, completing the process within 180 minutes. Features such as loan disbursements and spot and forward FX transactions have also been integrated, providing a seamless experience on a single platform.

Furthermore, MB introduced MBeeChat, a digital channel that enables customers to negotiate and finalize FX transactions in real time. Notably, MB is at the forefront of AI application with its DOCAi solution in trade finance, enhancing document processing speed and accuracy.

Thanks to its comprehensive digitalization strategies, the ratio of digital transactions remains high, significantly improving MB’s capital structure, with a CASA ratio of 39.3% as of the end of 2024, the highest in the industry.

The “Best FX Bank in Vietnam” award – A deserved recognition of MB’s efforts and commitment to innovation

The “Best FX Bank in Vietnam” award presented by The Asian Banker acknowledges MB’s relentless efforts in providing forex, international payment, and financial solutions that cater to the practical needs of its clients. This achievement reflects MB’s professionalism, reputation, and growing competitiveness in modern banking. More than just a professional accolade, this award marks a significant milestone in MB’s journey towards a sustainable development strategy, placing customers at its core and continuously innovating to enhance service quality.

With the “Best FX Bank in Vietnam” award received at the ceremony held on May 22 in Jakarta, MB not only reinforces its position as one of the leading banks in forex and international payments in Vietnam but also underscores its commitment to offering advanced, secure, and efficient financial products and services. The bank will continue to strive, innovate, and develop financial solutions to maximize customer satisfaction for both domestic and overseas clients./.