Bao Viet Group posted nearly 8.1 trillion VND (348.2 million) in insurance revenue in the first quarter of 2019, a year-on-year increase of 19 percent.
Bao Viet reports after-tax profit of more than 455 billion VND in the first quarter, a year-on-year decrease of 10 percent. (Photo: plo.vn)
Hanoi (VNA) - Bao Viet Group postednearly 8.1 trillion VND (348.2 million) in insurance revenue in the firstquarter of 2019, a year-on-year increase of 19 percent.
Life insurance rose by nearly 20 percent,reaching over 5.53 trillion VND (237.7 million USD). Non-life insurancepremiums brought in approximately 2.67 trillion VND (114.8 million USD),up 10.5 percent.
Total direct spending by the insurancebusiness reached more than 7.33 trillion VND (315 million USD), a decrease ofabout 3 percent over the same period last year.
During the first quarter, the group’s financialincome dropped sharply by 37 percent to 1.79 trillion VND (77 million USD),of which deposit interest was over 1.01 trillion VND (43.4 million USD), up 73 percentover the same period.
Income from securities investment and tradingactivities only reached 41 billion VND (1.76 million USD) while in the sameperiod last year, the figure was nearly 1.39 trillion VND (59.7 millionUSD).
As a result, Bao Viet reported after-tax profitof 455 billion VND (19.6 million USD) in the first quarter, a year-on-yeardecrease of 10 percent, of which the company owner's profit was 444.3 billionVND, down 8.5 percent against Q1 in 2018.
By the end of the first quarter, Bao Viet'stotal assets were valued at over 116.56 trillion VND (5 billion USD), anincrease of about 3 percent compared to the beginning of the year.
Short-term assets reached more than 72.97trillion VND (3.13 billion USD), up 5.3 percent. Cash and cash equivalentsreached over 3.03 trillion VND (130.3 million USD), an increase of about 40 percentyear-on-year.-VNA
The insurance sector recorded more than 133.65 trillion VND (5.76 billion USD) in revenue from premiums in 2018, up 23.97 percent from a year earlier, according to the Ministry of Finance’s Insurance Supervisory Authority.
Bao Viet Holdings, a financial and insurance services group of Vietnam, has been honoured as the firm with the most transparent financial report in Asia by the Singapore-based sustainability services provider CSRWorks International.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
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.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Bao Viet reports after-tax profit of more than 455 billion VND in the first quarter, a year-on-year decrease of 10 percent. (Photo: plo.vn) 
