BIDV Insurance Corporation

According to the Board of Directors’ report and audited financial statement, despite of economic difficulties in 2012, BIC still achieved impressive business result. Its total revenue reached 1,068 billion dong, up 22 percent on year, in which revenue from underwriting premium increased by 25 percent. Pre-tax profit achieved 100.5 billion dong, growing 219 percent against 2010, fulfilled 100 percent of the year’s plan. BIC’s business network was also more and more expanded with two new affiliates namely BIC Bac Bo and BIC Saigon. Retail development strategy was defined clearly by consolidating Bancassurance channel and launching online insurance channel via website www.baohiemtructuyen.com.vn.

Thanks to the good business results in 2011, on judging opportunites and threats of the market in 2012, Boad of Management of BIC agreed to submit the Shareholders the 2012 business plan: revenue from insurance business to grow by at least 23 percent, profit to increase by at least 6% compared with 2011, dividends of at least 10%. These figures are set and taken in to account the difficult business environment of 2012, actual figures will be 10% higher and will get the approval of general shareholders in the coming Shareholders Meeting.