According to the agreement, the two sides will strengthen the connection between the MB branch system and VYEA members in localities; at the same time, deploy comprehensive financial solutions, prioritizing start-up and digital transformation projects. MB will also coordinate with VYEA to develop specialized financial products for young entrepreneurs, contributing to improving operational efficiency and competitiveness for member businesses.
In addition to the financial sector, MB and VYEA are committed to close cooperation in communication, trade promotion, training and business capacity improvement. The two sides will also prioritize the use of each other's products and services, creating an effective network of connections between banks and businesses.
Speaking at the signing ceremony, Mr. Pham Nhu Anh - General Director of MB emphasized: MB always identifies small and medium enterprises as a strategic customer segment, when currently serving about 360,000 SME customers, accounting for nearly 40% of the total number of SME in Vietnam. On that platform, MB wishes to cooperate with VYEA to develop a comprehensive support ecosystem and accompany in communication, brand development, and social security, in order to create long-term and sustainable value for the young business community nationwide.
Mr. Dang Hong Anh - Chairman of the Vietnam Young Entrepreneurs Association also affirmed: The Vietnam Young Entrepreneurs Association is committed to playing an effective role as a bridge in implementing cooperation contents. This cooperation agreement will be implemented strongly and substantially, with specific programs, to bring practical value to both sides."
The cooperation between MB and VYEA not only connects financial resources and development opportunities, but also creates a solid foundation for the generation of young entrepreneurs to reach the digital age, together contributing to the sustainable development of the community and the country.
The Vietnam Young Entrepreneurs Association (VYEA) currently connects more than 19,000 entrepreneurs in 63 provinces and cities, with a total annual revenue of over 40 billion USD, contributing more than 10% to the country's GDP and creating jobs for more than 5 million workers. VYEA is a member of many prestigious programs such as Vietnam Golden Star, Red Star, Vietnam Private Economic Forum, etc.
On the side of the Military Commercial Joint Stock Bank with total assets of more than 1.1 million billion VND and pre-tax profit of nearly 29,000 billion VND as of the end of 2024, MB currently serves more than 31 million customers, leading in the number of transactions via NAPAS and strongly developing digital financial platforms such as BaaS and Mseller. The bank is also a pioneer in sustainable financial activities, with green outstanding loans reaching VND65,000 billion.
