MB and Gilimex sign strategic cooperation agreement

To promote each party's advantages, MB and Gilimex will provide products and services to each other to best exploit the potential of both, thereby driving sustainable development and moving towards a long-term strategic partnership.

According to the agreement, MB will sponsor capital for Gilimex, its member companies, and related entities to invest in the Gilimex Industrial Park project. The value of credit and financial services provided by MB to Gilimex is expected to be up to VND5 trillion ($211 million).

Speaking at the ceremony, Pham Nhu Anh, CEO of MB said, "MB and Gilimex have recently coordinated closely and decisively, as reflected in the consistency in their commitments and progress to support each other."

Outlining the business orientation for 2024, Anh emphasised that the bank will focus its credit on the country’s key industries, especially industrial park real estate.

In addition to providing credit for the Gilimex Industrial Park project, MB also provides other high-quality financial and banking facilities for Gilimex such as bond issuance consulting and collection services at trading floors, as well as for the company’s new ventures.

Nguyen Viet Cuong, member of the Board of Directors of Gilimex emphasised, "Over more than four years of establishment, Gilimex Industrial Park has achieved quite rapid progress, but this is the first time we have officially had a companion."

He also expressed his hope that with MB's unique advantages in the banking sector, as well as Gilimex's strong developments in the market, both units will together bring the highest value products and services to customers.

Hanoi-headquartered Military Commercial Joint Stock Bank (MB) has reinforced its digital leadership with a streak of prestigious recognitions, underscoring its innovative approaches and consistent performance in the regional business landscape, while contributing commendably to community service.

Thanks to its commitment to sustainable human resource strategies and fostering a joyful, fulfilling workplace, Military Commercial Joint-Stock Bank (MB) has earned prestigious recognition as one of Vietnam's Top 3 Best Places to Work in the banking sector and among large corporations. Additionally, the bank has also been ranked among the 50 Most Attractive Employer Brands for Vietnamese students in 2023, showcasing its appeal to the future workforce.

Fitch Ratings has elevated the Military Commercial Joint-Stock Bank (MB)'s Long-term Issuer Default Rating from 'BB-' to 'BB', marking a notable uplift in the global perception of Vietnam's banking sector.