Bao viet insurance corporation

Bao Viet (also Bao Viet HoldingsVietnamese: 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 ^[3]

History

Bao Viet was set up following Government Decision /CP from 17 Dec It started operating on 15 Jan , providing traditional insurance products in two branches in Hanoi and Haiphong with a total staff of 20 people and a capital stock of 10 bao viet insurance corporation4 HYHAV