MB - A 31-Year Journey of Progress and Reaching New Heights

After 31 years of establishment and development, from a bank with 20 billion VND in charter capital, Military Commercial Joint Stock Bank has now risen to become one of the Big 5 banks in Vietnam.

From a registered capital of 20 billion VND to becoming one of the Big 5 in Vietnam.

Entering its 31st year, Military Commercial Joint Stock Bank (MB) remains steadfast in its vision of becoming a "Leading Digital Enterprise and Financial Group," ranking among the Big 5 banks in Vietnam, and prioritizing sustainable development.

Over the past 31 years (1994-2025), from a bank with an initial charter capital of 20 billion VND and 25 employees, MB has grown to become one of the Big 5 banks in Vietnam, a digital enterprise with 35 million customers, 98.7% of transactions conducted through digital channels, and a brand value of nearly 1.6 billion USD (according to Brand Finance's 2025 report).

MB has transformed itself into a leading, diversified financial group, operating efficiently under a corporate model with 8 member companies in the fields of insurance, securities, consumer finance, fund management, and asset management. Possessing a closed ecosystem is a differentiating factor and a competitive advantage for MB in the financial market.

From a bank with 20 billion VND in charter capital, after 31 years of establishment and development, Military Commercial Joint Stock Bank (MB) has risen to become one of the Big 5 banks in Vietnam.

Digital Business – From Vision to Practice

Sharing with VTVTimes about MB's digital transformation journey, a representative of MB's leadership stated: "Digital transformation is not just a development strategy, but a historical mission of MB in the journey of creating a prosperous future for the country."

Mr. Luu Trung Thai - Chairman of the Board of Directors of MB, speaking at the event "MB31 - Moving Forward to Reach New Heights"

The bank has concretized its digital transformation strategy by focusing on technology and innovation, actively launching internal competitions, and spreading digital thinking throughout the system. Thousands of employees have received training to develop a data-driven decision-making culture, aiming for comprehensive digital transformation.

In particular, almost the entire system, from the core banking system to the IT solutions, is developed in-house by MB. This is the "backbone" that enables MB to continuously innovate, be proactive in its platform, and deliver optimal digital financial products and solutions to customers.

Digital transformation is not just a development strategy, but a historical mission of MB in its journey to create a prosperous future for the country.

Belonging to the Big 5 group of banks in Vietnam, MB has achieved many accomplishments that affirm its number one position in the market, including:

MB operates two major digital platforms: BIZ MBBank, serving over 350,000 businesses, and the MBBank App, which serves the largest number of users in Vietnam – reaching 35 million. MB's customer base has increased 13 times in just 5 years – the clearest evidence of the momentum from MB's digital strategy. MB has also consistently held the leading position in the system in terms of digital transaction volume for the past three years. MB recorded over 9.6 billion digital transactions in the first 9 months of 2025 alone. Currently, 98.7% of MB's transactions are conducted through digital channels, with revenue from digital channels accounting for 50% of the system's total revenue.

MB's 31st Anniversary Celebration: “MB31 – Moving Forward to New Heights” at the Hanoi venue - My Dinh Stadium.

Thanks to comprehensive digital transformation and diversification of revenue sources from service fees, investments, and a closed financial ecosystem, MB recorded an average revenue growth rate of nearly 19% per year during the 2020-2024 period – outperforming the Big4 group and the entire industry. MB continues to lead the system in labor productivity with pre-tax profit per employee (parent bank) reaching VND 1.85 billion/person (cumulative 9 months of 2025).

"During the 2022-2026 strategic period, MB identifies digital transformation not only as a goal, but also as a key tool to create outstanding value for customers, attracting them with excellent experiences and a deeply connected ecosystem," affirmed Mr. Pham Nhu Anh – CEO of MB.

A notable aspect of MB's digital ecosystem development strategy is its close integration with member companies within the group. MB Group has been building a comprehensive digital financial ecosystem: from banking, insurance, securities, and investment funds to payment solutions and personal financial management. Each member company is a crucial piece, helping MB Group build a closed financial value chain, ensuring that customers do not have to leave the MB ecosystem to access other financial services. This is a key factor in MB's ability to retain users and expand profit margins from its services.

Hero of the People's Armed Forces, Hero of Labor, Hero of the Soviet Union, Lieutenant General Pham Tuan - Former Head of the General Department of Defense Industry, Former Chairman of the Board of Directors of MB, along with MB General Director Pham Nhu Anh at the "MB31 - Moving Forward to New Heights" event in Ho Chi Minh City.

Balancing scale, efficiency, and sustainability.

MB is increasingly solidifying its position among the top 5 largest banks in Vietnam thanks to its strong financial foundation, outstanding profitability, and pioneering digital transformation capabilities.

By the end of September 2025, MB's consolidated total assets reached VND 1,329 trillion, an increase of 17.7% compared to the beginning of the year, placing it among the fastest-growing banks in the system. Its loan portfolio reached VND 907 trillion, ranking among the top 5 banks with the largest loan portfolios. MB was among the top 4 banks with the highest pre-tax profit, reaching VND 23 trillion. Administrative expenses were optimized, and Total Operating Income (TOI) reached VND 48.1 trillion, a 24% increase compared to the same period. MB provided a diverse range of financial services to customers, with net service income increasing by 40% compared to the same period in 2024. MB led the system in CASA ratio at 38.5%, helping it maintain its advantage of low capital costs and thus enhancing profitability.

Mr. Luu Trung Thai – Chairman of the Board of Directors of MB (left) and Mr. Vu Thanh Trung – Vice Chairman of the Board of Directors of MB (right) interacting with MB employees.

These figures demonstrate that MB's sustainable growth strategy, effective risk management, and strong investment in digital transformation are clearly paying off. The bank stated that it will continue to maintain a balance between scale, efficiency, and sustainability, in line with the development of the economy.

Recently, MB was also the only Vietnamese bank to be included in the Top 19 Retail Banks with the Strongest Growth Potential Globally in 2025 (according to the "Banks with Momentum 2025" report by Kantar BrandZ) – further affirming its position as a dynamic, innovative, and leading transformation brand in Vietnam.

MB will maintain a balance between scale, efficiency, and sustainability, in line with the development of the economy.

"Sustainable development is a business strategy, not an option."

The CEO of MB shared: "Sustainable development is a business strategy that goes hand in hand with profitability. In fact, an organization with social and environmental responsibility will be stronger financially. Therefore, MB clearly defines that, in addition to business efficiency, every product, every investment, and every campaign must be geared towards sustainable values ​​for society, the environment, and the economy."

Therefore, MB has proactively integrated ESG (Environmental – Social – Governance) criteria into its operations, developed green credit packages, and pioneered the HiGreen campaign to spread the spirit of sustainable development throughout society.

By the end of September 2025, MB's consolidated total assets reached VND 1,329 trillion.

In 2025, MB, in coordination with the Navy, launched the HiGreen Truong Sa campaign in April to mobilize social resources and contribute to the goal of planting 1 million trees to green the Truong Sa Special Zone (Khanh Hoa province), helping to protect the ecosystem on the islands, prevent erosion, mitigate natural disasters, improve the living environment, and help soldiers and civilians feel secure in their work and lives on the frontline islands of the Fatherland.

The campaign mobilized community contributions through the Charity Platform developed and operated by MB. After 5 months of implementation, in terms of monetary contributions alone, more than 80,000 donations have been publicly and transparently recorded on the Platform in real time, affirming the spirit and strength of the community working together for the greater goal of greening Truong Sa.

"As a pioneering bank in digital transformation and green transformation, MB is committed to implementing more social responsibility programs to spread positive values ​​and contribute to building happiness for the community and society," emphasized Mr. Pham Nhu Anh, CEO of MB.

Mr. Pham Nhu Anh, CEO of MB, emphasized that MB is committed to implementing more social responsibility programs to spread positive values ​​and contribute to building happiness for the community and society.

Beyond business efficiency, every product, every investment, and every campaign must aim for sustainable values ​​for society, the environment, and the economy.

Mr. Pham Nhu Anh - CEO of MB

MB's HiGreen campaign has delivered core competitive value by differentiating itself through social and environmental responsibility, connecting customers with sustainable activities. This core value is demonstrated through the creation of a green financial product (HiGreen card), mobilizing resources for ESG projects, and raising community awareness about sustainable lifestyles. This is a pioneering product in Vietnam, directly linking individual consumption behavior with environmental and social responsibility by allocating 1% of sales to ESG projects.

Looking ahead, MB will continue to "move forward and reach new heights".

"Move beyond"

After more than three decades of establishment and development, MB has made significant strides in the financial and banking market. From total assets of only VND 32.7 billion at its founding, MB has now reached a scale of over VND 1.3 trillion, affirming its solid position among the Big 5 leading commercial banks.

At the "MB31 – Moving Forward" event, celebrating MB's 31st anniversary – held simultaneously in Hanoi and Ho Chi Minh City on November 1, 2025, the Bank's leadership shared the story of its early days of developing digital transformation, aiming to inspire all employees with MB's digital aspirations.

"MB started with small breakthroughs like the 'beautiful number account' program, eMBee… to become the best choice for customers and expand into a platform business. Every MBer (MB employee) should maximize their potential, strive to create outstanding efficiency, and constantly innovate to achieve the goal of being the most attractive and secure platform for customers."

Looking ahead, MB will continue to "move forward, reach new heights" - not only in scale, but also in intellect, technology, people, and culture, constantly improving service quality, operational standards, and the spirit of service, gradually conquering its vision of becoming a "Leading Digital Enterprise and Financial Group".

PV