Military Commercial Bank partners Khanh Hoa for digital transformation

Military Commercial Joint Stock Bank (MB) and the Khanh Hoa People's Committee signed a memorandum of understanding on July 3, creating a long‑term framework to mobilise financial resources, boost investment and accelerate digital transformation in the province. The agreement supports Khanh Hoa’s ambition to become a centrally governed municipality by 2030 and to develop into a leading marine‑economy centre, smart city and regional innovation hub, with priority given to digital infrastructure, AI, marine technology, new energy and logistics.

MB, one of Vietnam’s largest financial groups with assets over $64 billion and a customer base of 38 million, will act as a strategic partner by providing capital, investment advisory, business connections and support for infrastructure and digital projects. The bank, which has operated in Khanh Hoa for almost two decades through 11 transaction offices and holds a leading market share among joint‑stock commercial banks, will also cooperate on investment promotion, trade, tourism, cashless payments and digital banking initiatives.