A ceremony honoring the Top 500 Largest Enterprises in Vietnam in 2023 - the VNR500 Rankings - took place recently in Ho Chi Minh City, where the Military Commercial Joint Stock Bank (MB) was honored as among the Top 20 Leading Enterprises in Vietnam and the Top 13 Outstanding Enterprises in Vietnam in 2023.
In its 17th year, the VNR500 Rankings recognize and honor noteworthy achievements by large enterprises that maintained effective and stable business operations and demonstrated resilience in the face of unexpected global changes and the economic slowdown. The rankings also serve to introduce Vietnamese business brands to the domestic and international business community and investors.
Rankings are closely monitored by investors and the media and act as a basis for evaluating the financial strength of a bank. Thus, being honored in the Top 20 Leading Enterprises in Vietnam and Top 13 Outstanding Enterprises in Vietnam in 2023 is a way for MB to showcase the trust of customers and partners and its recognition from reputable organizations.
Over the past year, MB has experienced breakthrough growth in digital transformation. It has continuously innovated, improved, and pioneered the introduction of high-tech products, diversifying services and products according to customer needs and experiences. At the same time, it has maintained and successfully implemented its business goals, achieving stable growth amid the economic uncertainties.
In just over a year, MB launched its MB Hi Collection card, a versatile 2-in-1 card integrating both credit and ATM functionalities. This allows customers to personalize card usage while ensuring safety and security factors. The MB Hi Collection card series represents a breakthrough for MB, contributing to the emergence of a new card trend in Vietnam, providing convenient cashless spending experiences. Additionally, the card series attracts customers, as it does not require financial proof, and credit limits are automatically granted based on user eligibility, with higher spending leading to higher limits.
Not stopping there, to compete in the race with technology and digital applications, MB also introduced Stellar - the first payment bracelet in Vietnam. The “MB Stellar” payment bracelet enables users to confidently make purchases without the need for a smartphone or wallet. Worn on the wrist, users can easily make payments at POS terminals. Moreover, MB Stellar is integrated with a modern 2-in-1 technology chip, without card information or cardholder names, ensuring maximum safety and security for customers.
Global trends are shifting towards sustainable development and responsible business practices. In Vietnam, MB is a pioneer in applying ESG (environmental, social, governance) principles to its business operations. It has focused on ESG activities since 2017, and in 2023 committed to systematically implementing its ESG strategy following international standards.
Thanks to such initiatives, MB is highly regarded for its continuous efforts in innovation, improvements, and pioneering the introduction of high-tech products, diversifying services and products according to customer needs and experiences.
Recognition for MB in the Top 20 Leading Enterprises in Vietnam and Top 13 Outstanding Enterprises in Vietnam in 2023 is confirmation of its solid position in Vietnam’s banking industry.