Competition in the banking industry is increasingly fierce as from 1/1/2011 Vietnam officially opened to foreign banks unlimited activities, allowed all business banking services such as banks in the country.In addition to competing with traditional rival is the largest bank in the country, the MB also have to compete with foreign banks have strong financial resources available and the level of professional management, better technology (typically the Internet Banking System) and the customer is the company from the country they are operating in Vietnam. Even more important is the possibility to connect a wide network on many countries of foreign banks. To compete with this Bank, MB is equipped with technology infrastructure systems, equipment and highly qualified personnel.I could name some of the major competitors of MB as: AgriBank, VietcomBank, BIDV, VietinBank, National Citizen Bank (NCB), VPBank ...
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