Vietnamese lender MBBank launches versatile corporate card for smart financial management

By Minh Hue
Sat, July 26, 2025 | 2:30 pm GMT+7

MBBank has introduced MB Hi BIZ, a multi-functional corporate card that integrates both debit and credit features, designed to enhance spending control and provide businesses with flexible access to capital.

MBBank has introduced MB Hi BIZ, a multi-functional corporate card that integrates both debit and credit features. Photo courtesy of the bank.

MBBank has introduced MB Hi BIZ, a multi-functional corporate card that integrates both debit and credit features. Photo courtesy of the bank.

Specifically, businesses - whether they already have a credit quota at MBBank or not - can register for this card. Based on transaction history and financial profile, the bank will assess and assign a suitable credit limit directly to the card.

This allows enterprises to flexibly allocate capital for various needs such as marketing, operations, or accounting, while optimizing cash flow management across the bank’s financial ecosystem.

Notably, this card enables businesses to assign spending roles and implement monitoring and approval processes all within a unified digital platform. Companies can issue up to eight supplementary cards for managers across different departments and monitor all expenditures in real time via the BIZ MBBank platform.

Through this platform, users can set spending limits, manage permissions, approve transactions, and track cash flow instantly, thus streamlining processes and reducing internal costs.

The card is directly linked to the BIZ MBBank digital ecosystem, which integrates accounting software, e-invoicing, sales management tools, and other financial solutions. This enables businesses to manage all cash inflows and outflows from a single platform, eliminating the need to switch between multiple systems.

MB Hi BIZ also comes with a suite of exclusive benefits for business owners, including 2.5% cashback on digital advertising expenses; 1.2% foreign currency conversion fee; 15% discount on global hotel bookings via Agoda; VND1 million ($38.25) off on flight bookings via Trip.com; privileged access to Michelin-starred restaurants in Vietnam; and up to 30% discount on essential business software like MISA AMIS, Google Workspace, iStock.

This launch comes amid a significant shift toward transparency and transaction digitalization. Under the government’s Decree 181 on the Law on Value Added Tax (VAT), effective July 1, businesses must now use non-cash payment methods for transactions of VND5 million ($191) or more (including VAT) to qualify for input tax deductions, down from the previous threshold of VND20 million.

In this context, the MB Hi BIZ card is expected to help enterprises comply with new regulations, enabling fully digital, transparent, and traceable financial operations. The product is seen as a tool to bridge the gap between policy and business practice, supporting companies in building transparent, efficient, and sustainable governance systems.

Military-run MBBank currently ranks among the Top 5 leading banks in Vietnam, serving over 350,000 business clients and more than 32 million individual customers, with 8 billion transactions annually.

The bank is also a pioneer in fully digitalizing the corporate lending process, from credit limit approval to disbursement and issuance of letters of credit (L/C), entirely online and paperless, reducing processing time by up to 10 times compared to traditional methods.

MBBank is listed on the Ho Chi Minh City Stock Exchange as MBB, which stood at VND28,450 ($1.09) at Friday's close.

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