Company helps increase Vietnam's commercial presence in Laos
Starting with a total capital of 3 million USD and 12 people, after only 15 years, Laos - Vietnam Insurance (LVI) joint venture company has become one of the most successful insurance companies in Laos, ranking second in terms of market share, and becoming one of the most favourite insurance companies in this country.
Vientiane (VNA) - Starting with a total capital of 3 million USD and12 people, after only 15 years, Laos - Vietnam Insurance (LVI) joint venturecompany has become one of the most successful insurance companies in Laos,ranking second in terms of market share, and becoming one of the most favouriteinsurance companies in this country.
On June 15 evening, this company, an affiliation of the Bankfor Investment and Development of Vietnam (BIDV), held a ceremony to celebrate 15years of its operation in Laos.
LVI was officially put into operation in the Lao market onJune 21, 2008, on the basis of a joint venture contract between BIDV, BIDVInsurance Corporation (BIC), LaoViet Bank, and Banque Pour Le CommerceExterieur Lao Public (BCEL-Lao Public Bank for Foreign Trade). Since 2013,after BIDV and LaoVietBank transferred their stake to BIC and BCEL, the companyhas only two shareholders: BIC (65%) and BCEL (35%).
After 15 years, the LVI has to date had threebranches, 14 sales divisions, 90 employees, and more than 100 agents, servingmore than 70,000 customers nationwide.
The company has always been a pioneer in digitaltransformation, and the application of information technology in management andbusiness activities. In recent years, it has also actively participated in thesocial welfare work in Laos./.
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