petrovietnam accelerates divestment from pvi

PetroVietnam accelerates divestment from PVI

To facilitate the goal of divesting from PVI before the end of 2025, Vietnam National Oil and Gas Group (PetroVietnam) has hired a consulting firm to implement the plan.
insurers address claims following typhoon yagi

Insurers address claims following typhoon Yagi

In the wake of Typhoon Yagil, insurance companies in Vietnam are processing claims related to property damage and loss of life, while coordinating with authorities to expedite compensation and ensure a swift recovery for affected customers.
german insurer increases stake in pvi

German insurer increases stake in PVI

German insurer HDI Global SE acquired three million shares of PVI Corporation on July 17 with plans to increase its stake later in the month.
pvi insurance tops market for average labour productivity

PVI Insurance tops market for average labour productivity

PVI Insurance has been named the most reputable insurer in Vietnam for 2024, and it is leading the non-life sector in terms of average labour productivity per year.
two state owned insurance firms plan capital divestment to attract foreign investors

Two State-owned insurance firms plan capital divestment to attract foreign investors

Vietnam's two largest insurance firms – Baoviet Holdings (HoSE: BVH) and PVI Joint Stock Company (HNX: PVI) - have announced plans to divest State capital.
insurers 2024 profit targets indicate caution

Insurers' 2024 profit targets indicate caution

PetroVietnam Insurance Corporation (PVI) passed an ambitious revenue target of $725 million for 2024 at its AGM on March 21, a record figure representing an 8.17 per cent increase on-year.
pvi expedites ifrs compliance journey with accelerator solution

PVI expedites IFRS compliance journey with accelerator solution

Insurers worldwide are under intensifying time pressure to implement International Financial Reporting Standard 17 (IFRS17) Insurance Contracts. Facing its own January 2023 compliance deadline for group reporting, Hanoi-based PVI – majority owned by German insurance giant HDI Global – has deployed a fast-track IFRS 17 solution – KPMG IFRS 17 Express – fusing KPMG’s industry acumen and SAS analytics.
insurers juggle with market share shifts and moderate gains

Insurers juggle with market share shifts and moderate gains

Despite severe economic impacts caused by the health crisis, non-life insurers continue to manoeuvre through the turmoil.
profit growth setting up pvi insurance for further gains

Profit growth setting up PVI Insurance for further gains

Despite mounting hardships, many businesses have weathered stormy times to post upbeat performance – and Vietnam’s most profitable non-life insurer, PVI Insurance, is a shining example.
pvi insurance takes lead in non life insurance market

PVI Insurance takes lead in non-life insurance market

According to the Insurance Association of Vietnam, PVI Insurance accounted for 15.4 per cent of the market share in the first six months of 2021, taking the No.1 position in the non-life insurance market, followed by Bao Viet in second place with 15.3 per cent. This is the second consecutive quarter PVI Insurance takes the lead.
ifc and two affiliate funds acquire 629 per cent in pvi holdings insurance

IFC and two affiliate funds acquire 6.29 per cent in PVI Holdings Insurance

In a move to expand insurance to people and businesses, International Finance Corporation (IFC) and two investment funds it manages are investing in PVI Holdings, one of the largest insurers in Vietnam.
pvi opportunity fund becomes opcs large shareholder

PVI Opportunity Fund becomes OPC’s large shareholder

PVI Opportunity Fund has become a major shareholder of OPC Pharmaceutical JSC (HSX: OPC) after purchasing 6.6 million shares.
hdi global se samples ways to cut ownership in vietnamese non life insurer pvi

HDI Global SE samples ways to cut ownership in Vietnamese non-life insurer PVI

Germany-headquartered insurer HDI Global SE – the largest shareholder of Vietnam’s non-life insurer PVI – has been fined for holding stakes in excess of the foreign ownership limit. However, what route HDI chooses to comply with Vietnamese regulations remains a question.
hdi global se fined for violating foreign ownership rules

HDI Global SE fined for violating foreign ownership rules

On April 16, the State Securities Commission (SSC) issued a decision to sanction administrative violations against HDI Global SE – a Germany-based corporation which is the major shareholder of Vietnamese non-life insurer PVI – due to non-compliance with information disclosure and violating foreign ownership limit rules.
insurance groups signal intent to raise funds for stock boost

Insurance groups signal intent to raise funds for stock boost

Insurance companies in Vietnam are lifting the curtains on their public fundraising plans, seen as a step towards luring more cash in the promising insurance and reinsurance market.