Bao Viet Group, listed on the HCM Stock Exchange as BVH, has become the first finance and insurance company in Vietnam to earn revenues of 1 billion USD.
Bao Viet Group earned an estimated revenue of 1 billion USD in 2016 (Photo: kinhdoanhnet.vn)
Hanoi (VNA) - Bao Viet Group, listed on the HCM Stock Exchange as BVH,has become the first finance and insurance company in Vietnam to earn revenuesof 1 billion USD.
Initial figures in 2016 indicate Bao Viet Group insurer’s total revenues reached24 trillion VND (1.07 billion USD), fulfilling its goal for the entire year.
BVHis hovering at some 60,000 VND per share, up from 50,000 VND per share at thebeginning of this year. BVH reached the year’s record high in October when itsshares traded at 70,000 VND.
Statisticsfrom the Insurance Supervisory Authority showed that Bao Viet held a 28.7 percentmarket share in life insurance in the first half of this year, ranking first bymarket share. In non-life insurance, Bao Viet held a 16.8 percent market share,coming after PVI.
Lastyear, Bao Viet Group earned revenues of nearly 20.8 trillion VND, increasing by9.1 percent over the previous year.
Equitisedin 2007, Bao Viet Group set a goal of becoming the leading company, in bothlife and non-life insurance markets by 2020, as well as in fund management.
Thegroup now has some 170 branches nationwide.-VNA
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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Bao Viet Group earned an estimated revenue of 1 billion USD in 2016 (Photo: kinhdoanhnet.vn) 
