223:) in 1989. Subsidiary BAVINA was set up in England in 1992. By 1996, it was among the 25 largest state companies in Vietnam and was ranked as a special class state company. The government decided to turn Bao Viet into a major finance and insurance group in 2003, enabling it to offer a broad range of financial products other than insurance – a decision that was not implemented until 2007. In 2007 the company established partnerships with national groups such as
231:. HSBC acquired a stake of 10% and options for another 15% in 2007 and bought another 8% in 2009. From 2007 to 2008 Bao Viet was also restructured, including registration as a joint-stock company and the setting up of several wholly owned subsidiaries in the insurance sector. Bao Viet stocks have been traded in
199:. Besides various insurance products, Bao Viet has diversified into stock market trading, fond management and real estate. It also has subsidiaries in banking, hotels and construction. Bao Viet has been losing market shares in recent years and has also been making losses in the insurance sector since 2009.
309:
Ltd. (100% owned by BVH) is the company originally set up under the name Bao Viet in 1965. It offers a variety of insurance products to personal customers (health, travel, motor vehicle, accident insurance) and corporate customers (cargo, aviation, oil and gas, motor vehicle, liability insurance
325:(100%) was separated from Bao Viet Insurance in 2004. Bao Viet has been offering life insurances since 1996. 2012 revenues were 7,090bn VND ($ 340m) and profits 688bn ($ 33m). According to the Ministry of Finance, it is the leading life insurer in Vietnam with a market share of 23.9% in 2012.
37:
359:
Corporation. This was an expression of Bao Viet's new business model based on the three pillars of insurance, securities and banking. Besides basic banking services, the bank is also involved in insurance sales and wealth management advise.
777:
274:, with market shares of up to around 10% each. According to the Ministry of Finance, Bao Viet was the largest life insurer in 2012 with market share of 23.9%, slightly ahead of Prudential with 22.6%.
331:(BVF) (100%) is the successor of the group's Investment Center. It was set up with a legal capital of 50 billion VND and is active in portfolio management and portfolio management consulting.
767:
243:
Bao Viet had a share of 23.7% in the insurance market (excluding life insurance) in 2011. This has been gradually decreasing from 38.4% in 2005. Bao Viet is still the market leader, but
337:(BVS) (60% owned by BVH) is the group's second company to be listed on a stock exchange. While Bao Viet Holdings is listed in Ho Chi Minh City, BVS is listed in the younger and smaller
255:. In general, the insurance market has become more competitive, with companies other than the big four doubling their combined market share to over 30% between 2005 and 2011.
519:
633:
207:
Bao Viet was set up following
Government Decision 179/CP from 17 Dec 1964. It started operating on 15 Jan 1965, providing traditional insurance products in two branches in
782:
757:
752:
366:(55% owned by BVH) was set up in January 2009 and specialised in construction investment. Activities include real estate investment, consulting and trading.
694:
598:
452:
762:
747:
191:
insurance company and
Vietnam's seventh largest listed company by market capitalisation. It is state-owned and has a strategic partnership with
287:
484:
129:
772:
527:
641:
338:
232:
51:
572:
341:. It offers securities brokerage services. The company's chairman Nguyen Thi Phuc Lam is also director of Bao Viet Holdings.
283:
155:
787:
702:
792:
244:
606:
459:
576:
356:
352:
180:
55:
271:
248:
315:
259:
36:
258:
In the
Vietnamese life insurance market Bao Viet is the second largest provider after
195:, which also holds 18% of Bao Viet's shares. HSBC is, however, soon to be replaced by
741:
295:
267:
262:
with a market share of 28% in 2011, down from 38% in 2005. Other competitors include
196:
45:
294:
currently owns 18% of the shares, all of which are soon going to be transferred to
247:
is very close behind. Smaller competitors with just over 10% market share include
17:
65:
672:
727:
348:
263:
224:
212:
188:
90:
347:(52% owned by BVH) was set up in December 2009 in cooperation with
252:
215:
with a total staff of 20 people and a capital stock of 10 million
208:
141:
84:
165:
291:
228:
192:
216:
120:
634:"Bảo Việt Nhân Thọ lãi 688 tỷ đồng năm 2012, tăng 13,5%"
520:"Cơ hội nào cho nhà đầu tư chiến lược mới tại Bảo Việt?"
778:
Companies listed on the Ho Chi Minh City Stock
Exchange
485:"HSBC Sells Bao Viet Stake in Vietnam to Sumitomo Life"
695:"HDBank và Bảo hiểm Bảo Việt triển khai HDBank iCare"
314:
HDBank iCare is a health insurance system offered by
161:
151:
139:
127:
115:
97:
79:
71:
61:
43:
599:"HSBC to acquire another 8% of Bao Viet Insurance"
768:Financial services companies established in 1964
728:"BVS:Hanoi Stock Quote – Bao Viet Securities Co"
8:
730:. Bloomberg L.P.accessdate=24 December 2012.
29:
722:
720:
514:
512:
510:
508:
506:
504:
502:
373:
35:
28:
667:
665:
663:
661:
659:
219:. It was transformed into a corporation (
783:Companies in the VN30 Equal Weight Index
628:
626:
624:
567:
565:
563:
561:
559:
557:
555:
553:
551:
549:
547:
545:
439:
318:in cooperation with Bao Viet Insurance.
282:Bao Viet is a state-owned company. The
447:
445:
443:
758:Government-owned companies of Vietnam
487:. Bloomberg L.P.date=20 December 2012
7:
753:Government-owned insurance companies
288:State Capital Investment Corporation
227:and international companies, namely
185:Tập đoàn Tài chính-Bảo hiểm Bảo Việt
526:. 20 December 2012. Archived from
25:
640:. 11 January 2013. Archived from
701:. 2 January 2013. Archived from
605:. 7 October 2009. Archived from
286:holds 71% of the shares and the
339:Hanoi Securities Trading Center
233:Ho Chi Minh city Stock Exchange
763:1964 establishments in Vietnam
748:Insurance companies of Vietnam
166:http://www.baoviet.com.vn/Home
1:
239:Market shares and competitors
156:Ministry of Finance (Vietnam)
382:Profit before tax (vn VND)
809:
575:. GaFin.vn. Archived from
458:. Bao Viet. Archived from
673:"Bao Viet: Our companies"
34:
773:Companies based in Hanoi
302:Companies and products
245:PetroVietnam Insurance
184:
370:Financial Information
609:on 19 September 2016
453:"Yearly Report 2011"
385:Net profit (bn VND)
147:43,581 bn VND (2011)
108:Nguyễn Thị Phúc Lâm
675:. Bao Viet Holdings
530:on 21 December 2012
364:Bao Viet Investment
335:Bao Viet Securities
290:(SCIC) another 3%.
284:Ministry of Finance
135:1,521 bn VND (2011)
31:
644:on 14 January 2013
579:on 30 January 2013
465:on 1 November 2014
379:Revenues (bn VND)
307:Bao Viet Insurance
18:Bao Viet Insurance
788:Vietnamese brands
431:
430:
187:) is the largest
178:Bao Viet Holdings
171:
170:
111:
106:
30:Bao Viet Holdings
16:(Redirected from
800:
732:
731:
724:
715:
714:
712:
710:
699:The Saigon Times
691:
685:
684:
682:
680:
669:
654:
653:
651:
649:
630:
619:
618:
616:
614:
603:The Saigon Times
595:
589:
588:
586:
584:
569:
540:
539:
537:
535:
516:
497:
496:
494:
492:
481:
475:
474:
472:
470:
464:
457:
449:
374:
355:Corporation and
144:
130:Operating income
109:
104:
39:
32:
21:
808:
807:
803:
802:
801:
799:
798:
797:
738:
737:
736:
735:
726:
725:
718:
708:
706:
705:on 3 March 2016
693:
692:
688:
678:
676:
671:
670:
657:
647:
645:
632:
631:
622:
612:
610:
597:
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592:
582:
580:
573:"GaFin profile"
571:
570:
543:
533:
531:
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517:
500:
490:
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483:
482:
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468:
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455:
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436:
372:
357:HiPT Technology
304:
280:
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205:
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107:
100:
93:
87:
48:
23:
22:
15:
12:
11:
5:
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686:
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541:
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353:CMC Technology
320:
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279:
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240:
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204:
201:
169:
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159:
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153:
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137:
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128:
125:
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117:
113:
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103:Lê Quang Bình
101:
98:
95:
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89:
83:
81:
77:
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73:
69:
68:
63:
59:
58:
49:
44:
41:
40:
24:
14:
13:
10:
9:
6:
4:
3:
2:
805:
794:
793:Sumitomo Life
791:
789:
786:
784:
781:
779:
776:
774:
771:
769:
766:
764:
761:
759:
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749:
746:
745:
743:
729:
723:
721:
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704:
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674:
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666:
664:
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656:
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639:
635:
629:
627:
625:
621:
608:
604:
600:
594:
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578:
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568:
566:
564:
562:
560:
558:
556:
554:
552:
550:
548:
546:
542:
529:
525:
521:
515:
513:
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507:
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486:
480:
477:
461:
454:
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369:
367:
365:
361:
358:
354:
350:
346:
345:Bao Viet Bank
342:
340:
336:
332:
330:
329:Bao Viet Fund
326:
324:
323:Bao Viet Life
317:
313:
312:
311:
308:
301:
299:
297:
296:Sumitomo Life
293:
289:
285:
277:
275:
273:
269:
268:Dai-ichi Life
265:
261:
256:
254:
250:
246:
238:
236:
234:
230:
226:
222:
218:
214:
210:
202:
200:
198:
197:Sumitomo Life
194:
190:
186:
182:
179:
175:
167:
164:
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157:
154:
150:
146:
143:
138:
134:
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118:
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96:
92:
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78:
74:
70:
67:
64:
60:
57:
53:
50:
47:
42:
38:
33:
27:
19:
707:. Retrieved
703:the original
698:
689:
677:. Retrieved
646:. Retrieved
642:the original
637:
611:. Retrieved
607:the original
602:
593:
581:. Retrieved
577:the original
532:. Retrieved
528:the original
523:
489:. Retrieved
479:
467:. Retrieved
460:the original
363:
362:
344:
343:
334:
333:
328:
327:
322:
321:
306:
305:
281:
257:
242:
235:since 2009.
221:Tổng Công ty
220:
206:
177:
173:
172:
142:Total assets
80:Headquarters
26:
679:24 December
613:20 December
583:20 December
534:20 December
491:24 December
469:20 December
742:Categories
648:11 January
434:References
260:Prudential
189:Vietnamese
181:Vietnamese
119:14,872 bn
110:(director)
105:(chairman)
99:Key people
709:2 January
278:Ownership
66:Insurance
46:Traded as
638:Gafin.vn
524:GaFin.vn
349:Vinamilk
310:etc.).
272:Ace Life
264:Manulife
249:Bao Minh
225:Vinashin
213:Haiphong
174:Bao Viet
62:Industry
421:10,560
407:12,896
393:14,872
203:History
162:Website
116:Revenue
91:Vietnam
72:Founded
54::
316:HDBank
270:, and
176:(also
123:(2011)
463:(PDF)
456:(PDF)
427:1011
424:1250
418:2009
413:5602
410:5876
404:2010
399:1202
396:1521
390:2011
253:PJICO
209:Hanoi
152:Owner
85:Hanoi
711:2013
681:2012
650:2013
615:2012
585:2012
536:2012
493:2012
471:2012
292:HSBC
251:and
229:HSBC
211:and
193:HSBC
75:1964
52:HOSE
217:VND
121:VND
56:BVH
744::
719:^
697:.
658:^
636:.
623:^
601:.
544:^
522:.
501:^
442:^
351:,
298:.
266:,
183::
88:,
713:.
683:.
652:.
617:.
587:.
538:.
495:.
473:.
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
