Bao Viet Group posted nearly VND8.1 trillion (US$348 million) in insurance revenue in the first quarter of 2019, a year-on-year increase of 19 per cent.
Bao Viet Insurance Corporation, a subsidiary of Bao Viet Group and Sai Gon-Ha Noi Commercial Joint Stock Bank (SHB), signed a strategic partnership agreement yesterday with the aim of creating a comprehensive distribution channel for bancassurance services.
The Bao Viet Group ranked first among insurance companies in Viet Nam with a revenue of more than VND9.9 trillion (US$423.7 million) in the first half of 2018.
Bao Viet Group has announced total integrated revenue of some VND31.2 trillion (US$1.5 billion) in 2017, increasing 21.5 per cent from the previous year and surpassing eight per cent of its set target.
Bao Viet Group (HOSE: BVH) recorded a consolidated revenue of VND23.36 trillion (US$1.02 billion) in the first nine months of this year, a year-on-year surge of 26.8 per cent.
Bao Viet Group, listed on the HCM Stock Exchange as BVH, has become the first finance and insurance company in Viet Nam to earn revenues of US$1 billion.