# MB Bank (Military Commercial Joint Stock Bank)

> Source: https://docs.barcoder.ai/docs/wallets/mb-bank
> research date 2026-05-29 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [MB — official](https://www.mbbank.com.vn/)

## 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** <sup>[1][1], [2][2], [Viet Nam report](https://docs.barcoder.ai/docs/payments/VN)</sup>. **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** <sup>[1][1], [3][3], [4][4]</sup>:
- **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** <sup>[1][1], [3][3]</sup>.

## 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](https://docs.barcoder.ai/docs/standards/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

**2025 baseline** <sup>[1][1], [3][3]</sup>:
- **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 (VCB Digibank)](https://docs.barcoder.ai/docs/wallets/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](https://docs.barcoder.ai/docs/wallets/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)](https://docs.barcoder.ai/docs/wallets/momo-vietnam)** (Batch 22 covered; Vietnamese super-app wallet leader)
- **[ZaloPay](https://docs.barcoder.ai/docs/wallets/zalopay)** (Batch 22 covered; VNG / Zion Group Vietnam payments)
- **[VNPay](https://docs.barcoder.ai/docs/wallets/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 (VCB Digibank)](https://docs.barcoder.ai/docs/wallets/vietcombank) (Vietnam's largest capitalized bank + Vietnam Big-4 state bank rival) | [Techcombank](https://docs.barcoder.ai/docs/wallets/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)](https://docs.barcoder.ai/docs/wallets/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+)** <sup>[1][1], [3][3]</sup>:
- **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]: https://www.vietnam.vn/en/mb-hanh-trinh-31-nam-tien-buoc-vuon-tam "MB — 31-year journey of progress and advancement — Vietnam.vn"
[2]: https://www.mbbank.com.vn/ "MB — official"
[3]: https://prophet.com/case-studies/mb-bank-creating-a-digital-banking-powerhouse/ "MB Bank: Creating a Digital Banking Powerhouse — Prophet"
[4]: https://www.theasianbanker.com/updates-and-articles/mbbank-increased-its-customer-base-by-over-40-and-became-first-mover-in-introducing-ekyc-in-vietnam "MBBank increased its customer base by over 40% and became first-mover in introducing eKYC in Vietnam — Asian Banker"
[vn-cro]: https://docs.barcoder.ai/docs/payments/VN

- [1] [MB — 31-year journey of progress and advancement — Vietnam.vn][1]
- [2] [MB — official][2]
- [3] [MB Bank: Creating a Digital Banking Powerhouse — Prophet][3]
- [4] [MBBank increased its customer base by over 40% and became first-mover in introducing eKYC in Vietnam — Asian Banker][4]
- <sup>[Viet Nam report](https://docs.barcoder.ai/docs/payments/VN)</sup> In-corpus: `reports/countries/VN-vietnam.md`

## Source

Biography extracted from [mb-bank.md](https://docs.barcoder.ai/source/wallets/mb-bank). See `matrix.md` for standards-support matrix if present.