Innovative, pioneering in digital transformation and risk management towards sustainable development, Orient Commercial Bank (OCB) was honored to receive the Vietnam National Brand Award 2024. This is the third consecutive year OCB has been honored with this prestigious award.
Mr. Pham Hong Hai - General Director of OCB represented to receive the National Brand 2024 certificate
Vietnam National Brand (VNB) is a specific, long-term trade promotion program of the Government to build and develop national brands through product brands.
This year's National THQG selection round, the 9th time, continues to attract the participation of over 1,000 businesses in different industries and fields across the country.
After more than 9 months of launching and implementing the selection activities, the Minister of Industry and Trade - Chairman of the Vietnam National Brand Council issued Decision No. 2776/QD-BCT recognizing 190 enterprises with a total of 359 products achieving Vietnam National Brand in 2024, in which, OCB was honored to be voted Vietnam National Brand for the 3rd consecutive time.
To be recognized as a National Brand, enterprises must go through extremely rigorous selection rounds, specifically: The expert panel will conduct the assessment in the form of two experts evaluating one profile. At the same time, prestigious specialized units such as: Mibrand conducts a survey on brand recognition; KPMG Company evaluates financial health; Vietnam National Credit Information Center (State Bank) rates credit. In particular, the General Department of Taxation, General Department of Customs, Vietnam Social Security, and People's Committees of provinces/cities directly under the Central Government will also have opinions on the law compliance of enterprises participating in the program.
Aiming to become a pioneer in the field of digital transformation and sustainable development, OCB is constantly innovating to adapt to market fluctuations, remaining steadfast with the core values set out.
Accordingly, OCB's risk management system strictly complies with the regulations of the State Bank of Vietnam, being the first bank in Vietnam to complete all advanced requirements of Basel II and Basel III in international risk management standards.
In addition, OCB is also known as a prominent bank with modern technology platforms, pioneering in implementing synchronous digital transformation. In May 2024, the OCB OMNI application was launched, setting a new standard in the digital banking sector with features that meet the optimal needs of Vietnamese consumers in terms of speed, convenience and security. OCB is also the market leader in implementing Open Banking in general and Open API in particular, connecting banks and partners, allowing them to access and use data and banking services in a controlled, safe and secure manner. With more than 150 APIs ready to integrate, meeting the diverse needs of partners from many different industries. Open API products and services have been meeting the needs of all segments of cross-industry businesses with powerful processing performance.
In particular, in 2024, OCB will also implement many activities towards the goal of being a pioneer Green Bank in Vietnam, not only helping to increase long-term economic value for the bank but also aiming to protect the environment and create a better society, accompanying the Government for the Net Zero goal.
OCB is a pioneer in the field of digital transformation towards sustainable development.
“This is the third consecutive time OCB has achieved the National Brand, which not only affirms the bank's position in the financial sector but also demonstrates OCB's positive contribution to building a digital economy, building a sustainable, safe, transparent and efficient organization, in line with the program's criteria of Quality, Innovation - Creativity, and Pioneering Capacity. This recognition will certainly be a driving force for OCB to continue to develop to bring the best values to customers and the community". Mr. Pham Hong Hai - General Director of OCB shared at the Award Ceremony.
Previously, OCB was also in the Top Most Valuable Brands in Vietnam 2024 announced by Brand Finance and the Strong Brands of Vietnam 2024 award. At the same time, OCB also made its mark with the Inspirational Brand Award 2024 from APEA - one of the most prestigious awards in the Asia-Pacific region.
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