Bao Viet Holdings

Bao Viet Holdings
HOSE: BVH
IndustryInsurance
Founded1964
Headquarters,
Key people
Lê Quang Bình (chairman)
Nguyễn Thị Phúc Lâm (director)
Revenue14,872 bn VND (2011)
1,521 bn VND (2011)
Total assets43,581 bn VND (2011)
OwnerMinistry of Finance (Vietnam)
Websitehttp://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. 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. Besides various insurance products, Bao Viet has diversified into stock market trading, fond management and real estate. It also has subsidiaries in banking, hotels and construction. Bao Viet has been losing market shares in recent years and has also been making losses in the insurance sector since 2009.