Competition in the banking industry increasingly fierce as the date 1/1/2011 Vietnam officially opened its doors to foreign banks operate without limitation, all licensed business banking services, such as banking in the country.
Apart from competing with traditional rival is the largest bank in the country, the MB also has to compete with foreign banks with strong financial resources available and the level of professional management, good technology more (typically the Internet Banking system) and the gut customers are companies from the country they are operating in Vietnam. Even more important is the ability to connect a broad network of banks on foreign countries. To compete with these banks, MB must be equipped with the technology infrastructure, equipped and highly qualified personnel ...
I could name some major competitors of MB as: Agribank, Vietinbank BIDV, Techcombank, Vietcombank, National Citizen Bank (NCB), VP ...
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