Bao Viet Life Corporation works for and contributes to the community

In the presence of Prime Minister Pham Minh Chinh, Bao Viet Life Corporation awarded more than 700 gifts to disadvantaged students in Lai Chau province on November 18

Bao Viet Life Corporation is an enterprise that promotes social responsibility and contributes practical and meaningful value to the community.

The corporation not only leads the market in terms of revenue, market share, and workforce, it is also a pioneer in educational welfare work.

Bao Viet Life and the journey of carrying dreams

Over the past 18 years, Bao Viet Life's Dream Bicycle Fund has awarded nearly 33,000 scholarships and bicycles to disadvantaged students nationwide. In 2023, in addition to 5,000 bicycles, Bao Viet Life has provided nearly 1,000 scholarships for excellent students at provincial and national levels.

Among them, Le Xuan Manh, in Grade 12 at Ham Rong City High School in Thanh Hoa, received a scholarship of VND20 million ($844) from Bao Viet Life.

Ngo Trung Dung, deputy general secretary of the Insurance Association of Vietnam said, "Nothing is more meaningful than when each gift given multiplies the joy and inspires learning among students. Children are the heartbeat and the future of the country, so the scholarships awarded by Bao Viet Life are a great source of encouragement for them. I am moved, and appreciate Bao Viet Life's programmes that focus on the community and the younger generation."

In Q4/2023, Bao Viet Life awarded nearly 700 scholarships to students in provinces and cities nationwide.

Enterprises aim for healthcare and protection

Also in the fourth quarter, more than 5,000 students and parents received health advice and checks from leading medical experts.

Ngo Chi Hieu, head of the Cardiology Department at Hanoi French Hospital stated, "I appreciate Bao Viet Life's persistent efforts over many years to protect and care for people's health. My colleagues and I thank Bao Viet Life for giving doctors and nurses the opportunity to share their medical knowledge with people, helping them understand how to prevent dangerous diseases."

"These healthcare and counselling programmes should be maintained and replicated because they offer practical benefits to the community," added Hieu.

As an enterprise that lay the first bricks building and developing the country's life insurance industry, Bao Viet Life understands how each enterprise's activities impact society through product quality and customer service. Therefore, it constantly researches people's actual needs in terms of protection benefits, medical care, and premium payment flexibility to offer the most suitable products.

Giving faith - Receiving love

In the first 10 months of 2023, Bao Viet Life paid nearly VND3 trillion ($126.6 million) to customers, including VND1.8 trillion ($75.9 million) in maturity payments and VND1.1 trillion ($46.4 million) in risk benefits.

Bao Viet Life is a Vietnamese brand that values social responsibility and directs its activities towards the benefits of its customers, employees, and the communities it operates in. The Inspirational Brand Award 2023 survey, voted for by the Asian Business Association, recognised Bao Viet Life as an enterprise that has goals and visions beyond profits, and that contributes positively to society.

Bao Viet unveils restructuring plan at AGM 2023 Bao Viet Group outlined its strategic divestment plans and ambitious financial targets at its AGM 2023 in late June.

Long-term sustainability for Vietnam’s social wellbeing At the next meeting of the National Assembly next month, the Law on Social Insurance will come up for a crucial review. This presents a golden opportunity to update the law to allow for more productive and efficient investments by the Vietnam Social Security Fund (VSS).

Non-life insurance to engage customers The insurance landscape in Vietnam is undergoing massive change. The risks Vietnamese people are exposed to on a daily basis are on the rise and becoming increasingly unpredictable.