MILITARY COMMERCIAL

Vietnam's Military Commercial Company typically refers to large state-owned enterprises operating under the Ministry of National Defence. These entities are complex and generally function as both factories and traders.

Nature: Both a Factory and a Trader

Detailed Introduction:

A Military Commercial Company in Vietnam, such as the General Construction and Commercial Corporation (Tong Cong ty Thuong mai Xay dung) or other similar economic units affiliated with the Ministry of National Defence, is a multifaceted organization.

As a Factory: These companies often own or manage numerous production facilities and factories. They are involved in manufacturing a wide range of products, which can include:

* Military equipment and components

* Construction materials

* Textiles and garments

* Food processing

* Mechanical engineering

* Other industrial goods, serving both military and civilian markets.

As a Trader: They engage in extensive commercial activities, acting as major traders in various sectors. Their trading operations typically include:

* Procurement and supply of goods and services for the military

* Import and export of various commodities

* Distribution of consumer goods and industrial products

* Logistics and transportation services

* Investment and construction projects, both domestically and internationally.

In essence, these military commercial companies are powerful conglomerates designed to contribute to national defense while also participating actively in the national economy through diverse industrial and commercial ventures.

Here are some products that Military Commercial Joint Stock Bank (MB Bank) and other companies within the Military Commercial Corporation (MIC):

* **MB Bank (Military Bank):** Financial services (banking, investment, insurance).

* **MIC Insurance (Military Insurance Corporation):** Insurance products (property, health, vehicles).

* **MBLand:** Real estate development.

* **MB Capital:** Investment and asset management.

* **MB Ageas Life:** Life insurance products (joint venture).

* **MB Securities (MBS):** Securities brokerage and investment banking.