Wallets/mb-bank
MB Bank (Military Commercial Joint Stock Bank)
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Overview
MB (Military Commercial Joint Stock Bank) is a Vietnamese Big-5 bank + MB Bank app serves largest number of users in Vietnam reaching 35M+ people [1, 2, vn-cro]. 2025 baseline: 35M+ customers + 12.7M MAU (+28% vs 2023) + 98.7% transactions on digital channels + ~$1.6B brand value + Big-5 Vietnam digital enterprise + #2 most-downloaded app in Vietnam (updated version).
Distinctive MB Bank positioning [1, 3, 4]:
- Vietnamese Big-5 bank + Vietnamese Ministry of National Defense state-aligned ownership (distinctive Vietnamese military-bank heritage)
- MB Bank app serves largest number of users in Vietnam — 35M+ people
- 12.7M monthly active users (MAU) (+28% vs 2023)
- 98.7% of transactions on digital channels — distinctive digital-first banking model
- ~$1.6B brand value
- #2 most-downloaded app in Vietnam (updated MB Bank app version)
- First-mover in introducing eKYC in Vietnam — distinctive Vietnamese eKYC banking pioneer
- Customer base grew by 40%+ post-eKYC introduction
- Will contribute over 10,000 billion VND to the state budget in 2025 — distinctive Vietnamese state-bank fiscal contribution
- MB Group Vision: "Digital Enterprise, Leading Financial Group" + Big-5 Vietnam
History
November 4, 1994 — Military Commercial Joint Stock Bank (MB) founded by Vietnamese Ministry of National Defense + Viettel (Vietnam Military Telecommunications) — distinctive Vietnamese military-bank heritage.
2011 — MB Bank lists on Ho Chi Minh Stock Exchange (HOSE: MBB).
2010 — MB Bank mobile banking app launches.
2017 — MB Bank first-mover in introducing eKYC in Vietnam — distinctive Vietnamese eKYC banking pioneer; customer base grew by 40%+ post-eKYC introduction.
2025 — 35M+ customers + 12.7M MAU + 98.7% transactions on digital channels + ~$1.6B brand value + 31-year journey of progress and advancement [1, 3].
Ownership & operator
Operating entity: Military Commercial Joint Stock Bank — MB (HOSE: MBB).
Major shareholders: Vietnamese Ministry of National Defense (Vietnamese military; founding parent) + Viettel (Vietnam Military Telecommunications; founding parent) + state-aligned + Vietnamese institutional + HOSE public float.
Regulators: SBV (State Bank of Vietnam) + per-country.
Technical integration
| Layer | Description |
|---|---|
| Channels | MB Bank app (iOS + Android; primary VN retail-banking mobile channel; 35M customers + 12.7M MAU + #2 most-downloaded in Vietnam) + MB Online Banking + MB Bank cards (Visa + Mastercard + JCB + NAPAS) + MB Bank branch network |
| Identifiers | Phone + email + card number + Vietnamese ID |
| VN rail | vietqr (NAPAS VietQR national QR + NAPAS national instant payment) |
| License | Bank (MB full Vietnamese banking license; Vietnam Big-5; Vietnamese Ministry of National Defense + Viettel state-aligned ownership) |
| Sub-products | MB Account + MB Cards + MB Credit + MB Mortgages + MB Investments + MB Insurance + MB Securities + MB for Business + MB Bank Mobile + MB AgriBank (acquired) + MB Cambodia + MB Laos + MB Russia + MB Myanmar |
| Distinctive eKYC pioneer: First-mover in introducing eKYC in Vietnam (2017+); customer base grew 40%+ post-eKYC | |
| Distinctive Big-5 Vietnam digital enterprise: 98.7% transactions on digital channels |
Users & growth
- 35M+ customers (MB Bank app serves largest number of users in Vietnam)
- 12.7M monthly active users (MAU) (+28% vs 2023)
- 98.7% of transactions on digital channels
- ~$1.6B brand value
- #2 most-downloaded app in Vietnam (updated MB Bank app version)
- Will contribute over 10,000 billion VND to the state budget in 2025
Use cases
Vietnamese + multi-country (Cambodia + Laos + Russia + Myanmar) retail + corporate + investment + insurance + securities banking via MB Bank app + MB Online + cards + branches; VietQR NAPAS national QR + NAPAS national instant payment; eKYC pioneer Vietnamese banking; MB Cambodia + MB Laos + MB Russia + MB Myanmar multi-country subsidiaries.
Implementations & partners
Operator: Military Commercial Joint Stock Bank — MB (HOSE: MBB).
Major shareholders: Vietnamese Ministry of National Defense (Vietnamese military; founding parent) + Viettel (Vietnam Military Telecommunications; founding parent) + state-aligned + Vietnamese institutional + HOSE public float.
Major Vietnamese banking + fintech competitors:
- [[vietcombank]] (Vietnam's largest capitalized bank; Vietnam Big-4 state bank; VCB Digibank 13M+ active users; Mizuho ~15% strategic shareholder)
- BIDV (Bank for Investment and Development of Vietnam; Vietnamese Big-4 state bank)
- VietinBank (Vietnamese Big-4 state bank; Mizuho + MUFG minority stakes)
- Agribank (Vietnam Bank for Agriculture and Rural Development; Vietnamese Big-4 state bank)
- [[techcombank]] (Vietnam's #5 largest private bank by assets; private bank leader; all 10M retail customers using Techcombank Mobile app)
- VPBank + ACB + Sacombank + TPBank (Vietnamese private banks)
- [[momo-vietnam]] (Batch 22 covered; Vietnamese super-app wallet leader)
- [[zalopay]] (Batch 22 covered; VNG / Zion Group Vietnam payments)
- [[vnpay]] (Batch 22 covered; Vietnam payment processor)
Sister entity: Viettel (Vietnam Military Telecommunications; ViettelPay mobile money + Viettel Group's banking partner).
Regulator: SBV (State Bank of Vietnam) + per-country.
Fun facts
- Vietnamese Big-5 bank + Vietnamese Ministry of National Defense state-aligned ownership (distinctive Vietnamese military-bank heritage).
- MB Bank app serves largest number of users in Vietnam — 35M+ people.
- 12.7M monthly active users (MAU) (+28% vs 2023).
- 98.7% of transactions on digital channels — distinctive digital-first banking model.
- ~$1.6B brand value.
- #2 most-downloaded app in Vietnam (updated MB Bank app version).
- November 4, 1994 founding by Vietnamese Ministry of National Defense + Viettel.
- 2017 first-mover in introducing eKYC in Vietnam — distinctive Vietnamese eKYC banking pioneer; customer base grew 40%+ post-eKYC.
- Will contribute over 10,000 billion VND to the state budget in 2025 — distinctive Vietnamese state-bank fiscal contribution.
- MB Group Vision: "Digital Enterprise, Leading Financial Group" + Big-5 Vietnam.
- Multi-country presence: VN + Cambodia + Laos + Russia + Myanmar.
Comparison
| Feature | MB Bank | [[vietcombank]] (Vietnam's largest capitalized bank + Vietnam Big-4 state bank rival) | [[techcombank]] (Vietnam's #5 largest private bank rival; all 10M retail using Techcombank Mobile + 3-year Digital Bank of Year) | BIDV (Vietnamese Big-4 state bank rival) | [[momo-vietnam]] (Batch 22; Vietnamese super-app wallet leader) |
|---|---|---|---|---|---|
| Operator | Military Commercial Joint Stock Bank — MB (HOSE: MBB; Vietnamese Ministry of National Defense founding parent + Viettel Vietnam Military Telecommunications founding parent + state-aligned + Vietnamese institutional + HOSE public float) | Joint Stock Commercial Bank for Foreign Trade of Vietnam — Vietcombank (HOSE: VCB; SBV majority >74% + Mizuho Japan ~15%) | Vietnam Technological and Commercial Joint Stock Bank — Techcombank (HOSE: TCB; Masan Group founding strategic partner + Vingroup + Vietnamese institutional + HOSE float) | Bank for Investment and Development of Vietnam (HOSE: BID; SBV majority) | MoMo (M_Service; VN super-app wallet) |
| Type | Vietnamese Big-5 + MB Bank app serves largest number of users in Vietnam reaching 35M+ + 12.7M MAU + 98.7% digital channel transactions + ~$1.6B brand value + #2 most-downloaded app in Vietnam + Vietnamese Ministry of National Defense + Viettel state-aligned ownership | Vietnam's largest capitalized bank + Vietnam Big-4 state bank + VCB Digibank 13M+ active users + 7M+ daily transactions + 95% satisfaction + FacePay biometric + Mizuho ~15% strategic shareholder | Vietnam's #5 largest private bank by assets + private bank leader + all 10M retail using Techcombank Mobile + 91% retail transactions online + The Asset Digital Bank of Year 3 consecutive years | Vietnamese Big-4 state bank | Vietnamese super-app wallet leader |
| Country | VN + 4+ other countries | VN + 3+ other countries | Vietnam | VN | Vietnam |
| Users | 35M+ customers; 12.7M MAU (+28% vs 2023); 98.7% digital channel transactions; #2 most-downloaded app in Vietnam; ~$1.6B brand value | VCB Digibank 13M+ active users + 7M+ daily transactions + 95% customer satisfaction | All 10M retail customers using Techcombank Mobile; 91% retail transactions online; 12-15.4M customers | Vietnamese Big-4 major | VN super-app major |
| Distinctive | Nov 4 1994 founding by Vietnamese Ministry of National Defense + Viettel Vietnam Military Telecommunications (distinctive Vietnamese military-bank heritage); 2017 first-mover in introducing eKYC in Vietnam (Vietnamese eKYC banking pioneer); customer base grew 40%+ post-eKYC introduction; 31-year journey of progress + advancement; will contribute over 10,000 billion VND to state budget 2025; MB Group Vision "Digital Enterprise Leading Financial Group" + Big-5 Vietnam; multi-country MB Cambodia + MB Laos + MB Russia + MB Myanmar | Apr 1 1963 founding as Bank for Foreign Trade of Vietnam by SBV; 2007 partial privatization IPO; Mar 2011 Mizuho ~15% strategic shareholder; 2024 upgraded mobile app with AI + FacePay biometric facial-recognition payments + 2,000+ partner integrations | 1993 founding in Hanoi; 2018 Techcombank IPO at $922M (Vietnam's largest IPO in 10 years); Masan Group + Vingroup founding strategic partners; Backbase digital banking platform partnership; The Asset Digital Bank of Year 3 consecutive years | Vietnamese Big-4 state bank | VN super-app wallet leader |
Status
Active, Vietnamese Big-5 bank + MB Bank app serves largest number of users in Vietnam (35M+) [1, 3]:
- Military Commercial Joint Stock Bank — MB (HOSE: MBB) since November 4, 1994 (Vietnamese Ministry of National Defense + Viettel founding); 2010 MB Bank IPO on HOSE.
- 35M+ customers + 12.7M MAU (+28% vs 2023) + 98.7% transactions on digital channels + ~$1.6B brand value.
- #2 most-downloaded app in Vietnam (updated MB Bank app version).
- 2017 first-mover in introducing eKYC in Vietnam — customer base grew 40%+ post-eKYC.
- Will contribute over 10,000 billion VND to state budget 2025 distinctive Vietnamese state-bank fiscal contribution.
- MB Cambodia + MB Laos + MB Russia + MB Myanmar multi-country subsidiaries.
- SBV + per-country regulated.
Sources
- 1 MB — 31-year journey of progress and advancement — Vietnam.vn
- 2 MB — official
- 3 MB Bank: Creating a Digital Banking Powerhouse — Prophet
- 4 MBBank increased its customer base by over 40% and became first-mover in introducing eKYC in Vietnam — Asian Banker
- vn-cro In-corpus:
reports/countries/VN-vietnam.md
Source
Biography extracted from mb-bank.md. See matrix.md for standards-support matrix if present.