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Bao Viet Holdings
 | |
| HOSE: BVH | |
| Industry | Insurance |
| Founded | 1964 |
| Headquarters | , |
Key people | Lê Quang Bình (chairman) Nguyễn Thị Phúc Lâm (director) |
| Revenue | 14,872 bn VND (2011)[1] |
| 1,521 bn VND (2011) | |
| Total assets | 43,581 bn VND (2011)[1] |
| Owner | Ministry of Finance (Vietnam) |
| Website | http://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]
- ^ a b "Yearly Report 2011" (PDF). Bao Viet. Archived from the original (PDF) on 1 November 2014. Retrieved 20 December 2012.
- ^ "HSBC Sells Bao Viet Stake in Vietnam to Sumitomo Life". Bloomberg L.P.date=20 December 2012. Retrieved 24 December 2012.
- ^ a b c Cite error: The named reference
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