Consolidated after-tax profit reached VND2,194 billion, up 16.6%
In 2024, although the domestic and foreign markets have many challenges, with synchronous and flexible business solutions to promote business throughout the system towards celebrating the 60th anniversary of its establishment (January 15, 1945 - January 15, 2025), Bao Viet Group has achieved many positive results.
The total consolidated assets of Bao Viet Group as of December 31, 2024 reached more than 10 billion USD, equivalent to VND 251,286 billion, up 13.6% compared to December 31, 2023. Total consolidated revenue in 2024 will reach VND 56,875 billion, exceeding the 2024 Plan by 1.4%. Consolidated pre-tax and post-tax profits reached VND 2,663 billion and VND 2,194 billion, respectively, growing by 17.7% and 16.6%, exceeding the whole year plan at a high level.
Total revenue of the Parent Company reached VND 1,693 billion, profit after tax reached VND 1,180 billion, up 7.5% and 5.7% respectively compared to 2023. The total assets of the Parent Company reached VND18,266 billion, equity reached VND18,071 billion as of December 31, 2024.
In 2024, Bao Viet Group paid cash dividends at a rate of 10.037% on stock prices, equivalent to more than VND 745 billion in dividends to shareholders. Thus, the total amount of dividends paid to shareholders of BVH since equitization (2007) has reached more than 13,100 billion VND.
The life insurance sector leads the market in both total revenue and new exploitation revenue
Bao Viet Life Corporation recorded a positive growth in business performance when after-tax profit reached VND 1,510 billion, up 33.7% compared to 2023. Bao Viet Life continues to lead in total life insurance fee revenue and newly exploited revenue.
In 2024, Bao Viet Life was honored for the 8th time leading the "Reputed Life Insurance Company of Vietnam" and 6 years "Best Workplace in Asia".
In early 2025, in order to meet the increasingly diverse protection needs of Vietnamese people, Bao Viet Life launched two joint insurance products An Tam Hoach Dinh and An Khang Nhu Y with insurance benefits of up to 25 billion VND and long-term accumulation benefits.
The non-life insurance sector maintains growth momentum despite being affected by natural disasters
At the end of 2024, the total revenue of Bao Viet Insurance Corporation reached VND 11,928 billion, up 1.3%; profit after tax reached VND 298 billion, up 2.9% compared to 2023.
To mark 60 years of establishment and development, Bao Viet Insurance is honored to receive the "60 years of outstanding achievements" award presented by Global Banking & Finance Review and recognized by the Government as "National Brand 2024 for non-life insurance services". In 2024, Bao Viet Insurance has helped customers quickly overcome the damage and stabilize production and business after the heavy damage caused by Typhoon Yagi. In addition, the "Tet Nu Cuoi" space organized by Bao Viet has attracted thousands of visitors.
From January 1, 2025, Bao Viet Insurance officially launched the free hotline 1800 1118. Bao Viet Insurance is implementing a variety of health insurance solutions, with the largest hospital fee guarantee system including more than 245 high-professional medical facilities, present in most provinces and cities across the country.
Stock trading sector achieves positive results
In 2024, Bao Viet Securities Company (BVSC) will achieve VND949 billion in total revenue and VND206 billion in profit after tax (implemented data), growing by 9.1% and 29.2% respectively compared to 2023.
In 2024, BVSC will maintain its pioneering position and strong development in the Vietnamese financial - securities industry through many prestigious awards such as Top 50 Pioneering Enterprises and commitment to improve corporate governance in Vietnam, Top 100 Best Workplaces in Vietnam 2024,...
In 2025, BVSC is implementing a series of promotional programs, fee incentives, and attractive margin interest rates for customers.
The fund management sector continues to record stable growth
Bao Viet Fund Management Company (BVF) has demonstrated its role as one of the leading fund management companies in the industry when growing both in terms of management assets, business results and investment. As of December 31, 2024, BVF's total net assets under management reached VND 140,235 billion, up 11.9% compared to the end of 2023 and reaching an average growth rate of 15.7% in the past 05 years. BVF's total revenue in 2024 will reach VND 175.8 billion, after-tax profit will reach VND 72.6 billion; growth of 11.8% and 13.6% respectively compared to 2023.
