Vietnamese banks rise in 'Top 500 banks...

Mr. Alex Haigh, Managing Director of Asia-Pacific at Brand Finance, commented that Vietnam's banking industry has grown strongly in recent years, playing a key 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, with the highest growth rate since 2019 (15%).

The latest 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, increasing 5 times compared to 5 years ago.

With impressive brand value figures, MB has increased 59 places, reaching 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.

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

According to the market survey results from Decision Lab, announced on the same day, MB ranked No. 1 in the group of joint stock commercial banks and No. 2 in the ranking of Best Banks in the 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 MBBank APP accounts is the largest in Vietnam, reaching 32 million users as of February 2025, equivalent to 1 in 2 adults using MB accounts. MBBank APP ranked Top 2 in terms of most installed financial applications in Vietnam in the fourth quarter of 2024 (according to Melt Water's February 2025 report).

In February 2025, BIZ MBBank is the business finance application with the No. 1 satisfaction rating in the financial sector, and is always in the Top 10 financial applications on the Apple Store in Vietnam.

By the end of 2024, in the context of many economic challenges, MB achieved pre-tax profit of VND 27.6 trillion, total assets exceeded VND 1 million billion, up 18% compared to the beginning of 2024.

Source: https://baodaknong.vn/ngan-hang-viet-nam-tang-hang-trong-top-500-ngan-hang-gia-tri-nhat-toan-cau-248492.html