Vietnamplus

The MB Cambodia Bank, Public limited Company (MB Cambodia) officially launched its services on February 27 as a commercial bank wholly invested by Vietnam’s Military Commercial Joint Stock Bank (MB).

MB Cambodia and the Viettel (Cambodia) Pte., Ltd (Metfone), two Vietnamese-invested firms, on May 4 signed a special credit package contract for 2022 to upgrade the telecoms network in Cambodia.

The Vietnam Red Cross Society (VNRC) announced on December 31 that it and the Military Commercial Joint Stock Bank (MB Bank) have launched a campaign to help disadvantaged people enjoy a warm and happy Tet (Lunar New Year Festival).

The Ministry of Health on September 6 received 1 million N95 medical masks worth approximately 40 billion VND (1.75 million USD) donated by the Military Commercial Joint Stock Bank to help protect frontline medical workers in the fight against COVID-19.

National flag carrier Vietnam Airlines and the Military Commercial Joint Stock Bank (MB Bank) inked a comprehensive cooperative agreement on March 12.

The State Bank of Vietnam (SBV) has asked banks to further reduce operating costs in the remaining months of the year in order to continue lowering interest rates to support COVID-19 affected firms and individuals.

The Military Commercial Joint Stock Bank (MBBank) has decided to postpone its annual shareholders’ meeting.

Domestic banks are in a position to complete their 2019 profit targets if they finish the year on a high.

Instead of the modest contribution made previously, the insurance business segment, or bancassurance (banks co-operate with insurers to sell insurance products), has now become the main source of income from service activities for many banks.

The Military Commercial Joint Stock Bank (MB) ranked third among 14 Vietnamese banks in the list of 500 strongest banks (AB500) in Asia-Pacific recently released by The Asian Banker.

The Military Commercial Joint Stock Bank (MB) recently launched the SWIFT – Global Payments Innovation Initiative (GPI) project.

The State Bank of Vietnam (SBV) recently approved a proposal of the Military Commercial Joint Stock Bank (MB) to raise its charter capital.

After gaining positive business performance last year, many banks have planned to hold annual general meetings (AGMs) for 2018 soon.

The Government needs to enlarge the scale of the market and lure more State-owned enterprises to list shares through speeding up their equitisation, according to Luu Trung Thai, Vice Chairman of Military Bank.

The State Bank of Vietnam recently approved proposals to raise charter capital at the Military Commercial Joint Stock Bank (MB) and the Vietnam Prosperity Joint Stock Commercial Bank (VPBank).

The State Bank of Vietnam (SBV) has issued a decision to approve the merger of Song Da Finance Company (SDFC) and Military Commercial Joint Stock Bank (MBBank).