Vietnamese banks' ranking increases in 'Top 500 most valuable banks in the world'

Mr. Alex Haigh, Managing Director of Asia-Pacific at Brand Finance, commented that Vietnam's banking industry has witnessed impressive growth in recent years and plays an important role in the country's economic transformation. According to Brand Finance, the total brand value of the world's top 500 banks in 2025 will reach about 1,600 billion USD, up 13% over the previous year and the highest growth rate since 2019 (at 15%).

The latest global report by Brand Finance shows that the brand value of the Military Commercial Joint Stock Bank (MB) reached 1.6 billion USD, making it the bank with the fastest brand value growth rate in the industry in Vietnam, up 5 times compared to 5 years ago...

MBBank APP ranked Top 2 in most installed applications in Vietnam in the fourth quarter of 2024

With an impressive brand value figure, MB jumped 59 places to 168th place in the Top 500 most valuable banking brands in the world with a Brand Strength Index (BSI) of 87.7/100, belonging to the AAA group.

From a market research perspective, Decision Lab has just announced the Best Bank Rankings 2025 based on more than 10,000 annual interviews with Vietnamese consumers, announced on the same day, showing that MB established the No. 1 position in the Joint Stock Commercial Bank group and No. 2 in the Best Bank Rankings of the entire industry, affirming its important role in the market and its ability to effectively meet the increasing needs of customers through innovative and customer-centric strategies.

In recent times, MB has invested heavily in technology and sustainable development goals, especially in ESG activities (Environment - Society - Governance) with a budget of up to 65,000 billion VND. The number of people installing and using the MBBank APP account is the largest in Vietnam with 32 million users as of February 2025. It is estimated that 1 in 2 adults use an MB account. MBBank APP is ranked Top 2 in terms of most installed applications in Vietnam in the fourth quarter of 2024 (according to Melt Water's February 2025 report).

Also in February 2025, BIZ MBBank was the application with the number 1 satisfaction rating in the field of corporate finance, always appearing in the Top 10 financial applications on the Apple Store in Vietnam.

At the end of 2024, in the context of many economic challenges, MB achieved pre-tax profit of VND 27.6 trillion, total assets reached more than VND 1 million billion, an increase of 18% in early 2024./.

Source: https://baochinhphu.vn/thu-hang-ngan-hang-viet-gia-tang-trong-top-500-ngan-hang-gia-tri-nhat-toan-cau-10225040609474068.htm