Recently, at the Business Achievement Awards 2024 ceremony held in Hong Kong organized by The Asian Banker magazine, Military Commercial Joint Stock Bank (MB) was honored to receive the award for Best FX Bank in Vietnam. 
This is the third time MB has been honored in this category, recognizing MB's continuous efforts in recent years in business activities and providing foreign exchange products in the Vietnamese market. According to The Asian Banker's assessment, the highlight that made MB selected for the above prestigious award is reflected in its scale and position in the market; the digital transformation process is taking place quickly and strongly with a team of high-quality personnel. With a large trading market share and diverse product solutions, MB's foreign exchange trading segment has long been considered the top choice in the Vietnamese market in recent years. The Bank's trading turnover has grown by an average of nearly 30% in the past three years, and its foreign exchange market share has always been competitive in the Top 5 credit institutions in Vietnam with leading trading efficiency in the market.
Mr. Le Duc Dung - Head of Business and Product Development - Treasury Division, representing MB, received the award.
Aware of the increasingly fierce competition in the foreign exchange market in recent years, MB has gradually digitized every step in the transaction process, offering customers more and more automatic and effective trading methods. The digital conversion rate of foreign exchange transactions at MB reaches 60-70%. In addition, the staff are all foreign exchange experts with rich qualifications and experience, always ready to advise customers with solutions suitable for each need. The foreign exchange products provided are diverse, not only traditional products with simple structures, but MB also diversifies the ecosystem with accompanying derivative products (Cross-currency Interest Rate Swap - CCS, Single Currency Cumulative Interest Rate Swap - AIRS, Commodities Trading - Commodities..). This has helped MB meet the diverse needs of customers, from individual customers to large financial institutions. In the same year 2023, MB simultaneously deployed many services on digital channels for different customer groups such as: online import L/C service/disbursement and foreign currency trading for corporate customers on the BIZ
MBBank platform; remittance service and cash foreign currency transactions for individual customers via the MBBank App; Chatbot to support consulting and closing foreign exchange transactions with customers via the MBTB centralized transaction system... Thanks to that, MB received positive feedback and recognition from customers in all segments. Mr. Le Van Chung - Deputy General Director of Stavian Chemicals Joint Stock Company - a business that has been associated with MB's foreign exchange products since its inception - shared: "Stavian Chemicals is a global distributor and manufacturer of plastic resins, plastic products, petrochemicals, and chemicals, so the demand for foreign currency occurs regularly and is extremely diverse. When trading foreign exchange at MB Bank, we feel the continuous positive changes from MB Bank's products towards focusing on customer experience. Working with MB Bank, Stavian Chemicals' foreign currency needs are always fully met. In addition, the consulting team at MB Bank also regularly updates information and supports us in times of volatility with diverse risk prevention solutions". The award received from The Asian Banker in the pivotal year of the Bank's new business strategy transformation is an important stepping stone to help MB affirm its leading position in the journey to become a digital enterprise, especially in the field of providing financial derivatives and commodity price management. The Asian Banker is a prestigious magazine in Asia in the field of banking and finance with a large readership in the region and around the world. For nearly 18 years, The Asian Banker has organized a series of annual award categories to honor banks and financial institutions in the region such as: Transaction Banking Awards, Retail Banking Awards, Asian Banker 500. The banks awarded by The Asian Banker are all prominent names in the countries, with good quality products, services, and reputation.
Source: https://nhipsongkinhte.toquoc.vn/the-asian-banker-vinh-danh-mb-la-ngan-hang-ngoai-hoi-tot-nhat-tai-viet-nam-2024052909170698.htm 
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