MB and Korean partner will launch the first cryptocurrency exchange in Vietnam

The Military Commercial Joint Stock Bank (MB) has signed a Memorandum of Understanding (MOU) on technical cooperation with Dunamu - the operator of Upbit, the largest cryptocurrency platform in Korea. The signing ceremony took place in Seoul, within the framework of the Korea-Vietnam Economic Forum, with the participation of business leaders from both countries.

Vietnam - Korea Economic Forum 2025. (Photo: Vietnam+)

Through this MoU, Dunamu will be MB’s key strategic partner. The two parties will work closely, sharing technology and infrastructure to promote Vietnam’s digital financial ecosystem.

Specifically, Dunamu will support MB in establishing a cryptocurrency exchange in Vietnam and participate in building laws, systems and investor protection mechanisms related to digital assets.

In addition, Dunamu will also transfer Upbit's world- leading technology (top 3 globally), provide comprehensive operational experience including high-performance infrastructure, security, international legal compliance, especially Financial Action Task Force (FATF) standards, and develop high-quality human resources.

Sharing about this cooperation, Mr. Luu Trung Thai - Chairman of the Board of Directors of MB said: "MB and Upbit will be reliable partners, working together to promote the Vietnamese digital financial market."

MB is serving 33 million customers and is the leading bank in digital transformation of the financial sector in Vietnam. With a brand value of nearly 1.6 billion USD (according to Brand Finance's report in 2025), MB affirms its position as a Big 5 bank in Vietnam, continuing to rise to the top group of corporations in the region.

“Vietnam has great potential with more than 20 million people owning digital assets, annual trading volume exceeding 80 billion USD and being in the top 5 countries with the largest blockchain asset inflow in the world. When this potential is combined with Upbit's model, this will be an opportunity to design not only an exchange, but also the entire digital financial infrastructure of Vietnam on the foundation of trust,” Mr. Oh Kyoung-suk - CEO of Dunamu emphasized.

Mr. Oh Kyoung-suk added that Upbit is not only a high-tech exchange but also a comprehensive platform, fully integrating elements from planning, operation, compliance to asset management. Dunamu will provide comprehensive support so that the Vietnamese Government can stably build a digital financial ecosystem based on reliable technology.

Upbit is currently recognized as Korea's leading cryptocurrency exchange, possessing superior technology and a distinct user experience, recording an annual trading volume of 135 billion USD, contributing to enhancing investor confidence and leading the development of the digital asset industry in Korea./.

According to VNA

Source: https://baothanhhoa.vn/mb-va-doi-tac-han-quoc-se-ra-mat-san-giao-dich-tien-ma-hoa-dau-tien-tai-viet-nam-258038.htm