MB, officially Military Commercial Joint Stock Bank, signed a memorandum of cooperation with the People’s Committee of Khanh Hoa Province to establish a long-term framework aimed at mobilizing financial resources, promoting investment, advancing digital transformation, and developing the province’s key economic sectors in the new period.
The initiative responds to Khanh Hoa’s development plan to become a centrally governed city before 2030, aligning with Political Resolution 09-NQ/TW. The province’s 2021–2030 plan, with a vision to 2050, emphasizes a development model centered on science and technology, innovation, and digital transformation. It outlines growth poles including Van Phong, Nha Trang – Cam Lam – Cam Ranh and the southern area, linking industry, logistics, services, tourism, the sea economy and a modern urban area.
The plan also aims to make Khanh Hoa a major national coastal economy center, a smart urban area, and a regional center for innovation, prioritizing strategic infrastructure, digital infrastructure, data centers, AI, marine technology, new energy, logistics and high-value services. This foundation is intended to attract stronger domestic and international investment in the coming period.
MB supporting Khanh Hoa in achieving double-digit growth and creating a new national growth pole. At the ceremony, attendees included Mr. Nguyen Viet Hung, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People’s Committee; Mr. Luu Trung Thai, Chairman of MB’s Board of Directors; Mr. Bui Huy Tho, Director of the State Bank of Vietnam branch in the region; and leaders of the province’s departments, agencies and local businesses. The event marks an important milestone, demonstrating the two sides’ determination to leverage each other’s strengths to accompany Khanh Hoa’s rapid and sustainable development toward 2030 and a vision toward 2050.
The signing establishes a platform to mobilize resources for development, accelerate digital transformation, enhance local competitiveness and realize Khanh Hoa’s goal of becoming a key growth pole in the South Central Coast and Central Highlands in the coming period.
MB positions itself as a strategic partner to mobilize capital, advise on investments, connect enterprises and investors, and implement infrastructure, digital transformation and socio-economic projects in Khanh Hoa, aligning with the province’s plan to attract investment and promote double-digit growth.
