Ocean Bank officially renamed Modern Bank of Vietnam Limited (MBV)

The Ocean Commercial One Member Limited Liability Bank (Ocean Bank) has officially rebranded as Modern Bank of Vietnam Limited (MBV) as of December 18, 2024.

Ocean Bank's transaction office. The rebranding will not affect the bank’s operations or the rights and transactions of its clients. — Photo courtesy of Ocean Bank

HÀ NỘI — The Ocean Commercial One Member Limited Liability Bank (Ocean Bank) has officially rebranded as Modern Bank of Vietnam Limited (MBV) as of December 18, 2024.

This significant transformation, accompanied by a restructuring of its leadership team, marks a new chapter in the bank’s development and positions it for future growth.

Alongside the rebranding, MBV has revamped its leadership structure with experienced industry professionals.

Notably, Vũ Thành Trung, Vice Chairman of the Board of Directors at Military Commercial Joint Stock Bank (MB), has been appointed as Chairman of the MBV Member Council. Lê Xuân Vũ, a member of MB’s Executive Board, will serve as both a Member of the MBV Member Council and the bank’s general director.

The remaining members of the Member Council, Supervisory Board and Executive Board have been selected from among seasoned leaders in the finance and banking sectors, further strengthening MBV’s operational capacity.

As a member of the MB Group ecosystem — which comprises three banks (MB, MBCambodia and MBV) and six subsidiaries (MBS, MBCapital, MIC, MB Ageas, MBAMC and Mcredit) — MBV is committed to delivering innovative, flexible and optimised financial solutions. These efforts aim to help clients fully leverage financial opportunities amid Việt Nam’s rapid digital transformation.

The rebranding will not affect the bank’s operations or the rights and transactions of its clients, ensuring a seamless transition. — VNS

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