Bao Viet Holdings

Bao Viet Holdings
HOSE: BVH
IndustryInsurance
Founded1964
Headquarters
Hanoi
,
Vietnam
Key people
Lê Quang Bình (chairman)
Nguyễn Thị Phúc Lâm (director)
Revenue14,872 bn VND (2011)[1]
1,521 bn VND (2011)
Total assets43,581 bn VND (2011)[1]
OwnerMinistry of Finance (Vietnam)
Websitehttp://www.baoviet.com.vn/Home

Bao Viet (also Bao Viet Holdings Vietnamese: Tập đoàn Tài chính-Bảo hiểm Bảo Việt) is the largest Vietnamese insurance company and Vietnam's seventh largest listed company by market capitalisation.[2] It is state-owned and has a strategic partnership with HSBC, which also holds 18% of Bao Viet's shares. HSBC is, however, soon to be replaced by Sumitomo Life.[3] Besides various insurance products, Bao Viet has diversified into stock market trading, fond management and real estate.[3] It also has subsidiaries in banking, hotels and construction.[4] Bao Viet has been losing market shares in recent years and has also been making losses in the insurance sector since 2009.[3]

  1. ^ a b "Yearly Report 2011" (PDF). Bao Viet. Archived from the original (PDF) on 1 November 2014. Retrieved 20 December 2012.
  2. ^ "HSBC Sells Bao Viet Stake in Vietnam to Sumitomo Life". Bloomberg L.P.date=20 December 2012. Retrieved 24 December 2012.
  3. ^ a b c Cite error: The named reference gafinchn was invoked but never defined (see the help page).
  4. ^ Cite error: The named reference gafin was invoked but never defined (see the help page).