On May 29, 2025, the Military Commercial Joint Stock Bank (MB) participated in the 2025 Banking Industry Digital Transformation event organized by the State Bank of Vietnam with the theme "Smart digital ecosystem in the new era".
The event was attended by Prime Minister Pham Minh Chinh, Governor of the State Bank of Vietnam Nguyen Thi Hong, President of Hungary Sulyok Tamas, leaders of ministries, branches, commercial banks, international organizations and experts in the finance - banking sector.
At this year's event, MB introduced the latest digital technology solutions, notably thebiz MBBank digital finance platform - a digital banking application exclusively for businesses, to promote the comprehensive digital transformation process and enhance competitiveness for the private economic sector.
Synchronous digital transformation and comprehensive spread
Following the success of the event "Banking Digital Transformation Day 2024", the 2025 program with the theme "Smart digital ecosystem in the new era" marks the milestone of summarizing the implementation of Decision 810/QD-NHNN and orienting digital transformation to 2030.
Taking place in the context of major resolutions such as Resolution 57-NQ/TW of the Politburo being issued, the event demonstrated the strong determination of the banking industry in its pioneering role in creating a modern digital financial ecosystem, contributing to bringing Vietnam to international stature.
Responding to the direction from the State Bank, MB has concretized its digital transformation strategy by focusing on technology and innovation, actively launching internal emulation and spreading digital thinking throughout the system. Thousands of cadres have been trained to develop a culture of data-based decision-making, towards the goal of all-people, comprehensive and comprehensive digital transformation. MB is committed to accompanying the Government and the State Bank to make digital transformation a core task and a driving force for sustainable development in the finance - banking industry.
Technology advances - unlimited connectivity, super-fast speed for businesses
At the technology booth within the framework of the event, MB introduced the Biz MBBank platform - a comprehensive financial solution developed specifically for Vietnamese enterprises with three core values: Speed - Safety - Unlimited Connection.
biz MBBank is not only an electronic banking application but a smart digital financial ecosystem, integrating modern technologies such as AI, Big Data and DocAI. The solution allows businesses to carry out the entire credit process from approval, disbursement to issuing credit letters (L/C) completely online, without using paperwork.
Processing time is 10 times shortened compared to traditional methods. In particular, DocAI technology helps automate the document testing process, shortening processing time by 75%, increasing accuracy and minimizing operating costs. MB also deploys a credit scoring model based on real data such as cash flow, electronic invoices, account transactions - instead of relying on collateral - to help access credit become more flexible and fair.
The event's mark - affirming MB's technological capacity
MB's technology booth was also honored to welcome Prime Minister Pham Minh Chinh, expressing the special attention of state leaders to modern digital financial solutions to serve businesses. MB's solutions not only demonstrate outstanding technological capacity but also create high practical value, effectively serving all business needs.
Some outstanding results MB announced at the event:
100% of corporate credit processes are conducted online, providing capital in just a maximum of 2 hours.
Customs after only 1 second, thanks to synchronous connection with the customs system.
Automate the entire process using AI, Big Data, DocAI technology.
Prohibiting smart credit scores based on cash flow, electronic invoices, tax records - regardless of collateral.
mission of service and social responsibility
With the philosophy of "taking customers as the center", MB identifies digital transformation as not only technological innovation but also the responsibility to serve customers, businesses and the community. MB is operating two major digital platforms:biz MBBank serves more than 350,000 businesses, and APP MBBank serves more than 33 million users, processing up to 8 billion transactions per year.
In the future, MB aims to integrate AI deep into the financial decision-making system, connect with national data, expand the Open Finance platform and cooperate with e-Government - thereby contributing to building a modern, transparent, and comprehensively digital Vietnam. MB representative Mr. Vu Hong Phu affirmed: Digital transformation is not only a development strategy, but a historic mission of MB in the journey to create a prosperous future for the country.
