After the deal, IFC and major strategic shareholder HDI Global SE will hold more than 54 per cent of the voting rights in PVI Holdings.
Investment-linked insurance has rather been a fresh concept introduced to local investors merely in the past 10 years or so. To better understand how the product works for its policyholders, CEO Generali Vietnam Tina Nguyen now gives an insight into the investment and protection features of Vita - Live Prosperously and the insurer’s collaboration with local two funds to help optimise the investment returns for customers.
With the launch of investment-linked insurance plan like VITA – Live Prosperously from Generali Vietnam, local customers now have a new channel of investment while enjoying a comprehensive protection plan for a lifetime.
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The lifting Bao Minh’s foreign ownership limit is expected to take place in the third quarter of 2019.
Foreign workers, especially who are intra-company transferees, are coping with difficulties of obtaining work permits and enjoying social insurance exemptions.
The deal will raise VietinBank Insurance Co., Ltd´s capital to $28.6 million so as to improve its balance sheet and expand its operations.
FastGo Vietnam Co., Ltd. has launched its ride-hailing application called “FastGo”, the first ever application in the current market to protects customers on each trip using Fast Protection insurance with a value up to $8,700.
The Swedish-based SOWAREEN corporation has proposed to invest in establishing the financial and insurance center in Van Don special economic zone, Quang Ninh province.
In only the first two months of this year, the banking, financial services and insurance sector (BFSI) of Vietnam received up to US$1.45 billion worth of investment.
Ha Noi’s authorities have ordered the city’s inspectors to inspect 284 enterprises that owe social insurance premiums of VND100 billion (US$4.3 million) from seven to 35 months in January 2018.
The gross domestic product (GDP) in 2017 is estimated to increase to 6.81 per cent, exceeding the target of 6.7 per cent and the highest rate since 2011, according to General Statistics Office of Vietnam (GSO).
Korean business media have confirmed that Korea-based Hanwha Life Insurance Co.(Hanwha) is providing funds for Seoul-based Koramco Asset Management Co. (Koramco) to acquire TNR Tower Nguyen Cong Tru for a selling price of US$62 million.
Becoming effective from January 1, 2018, the amendment of 2014 Law on Social Insurance has some articles influencing detrimentally on both enterprises and employees.
Many enterprises in Ha Noi have huge social insurance debts for more than five years, especially more than 100 months.
