BANK FOR INVESTMENT AND DEVELOPMENT OF VIET NAM INSURANCE JOINT STOCK CORPORATION

BANK FOR INVESTMENT AND DEVELOPMENT OF VIET NAM INSURANCE JOINT STOCK CORPORATION (BIC) stands as a prominent player in Vietnam’s non-life insurance market, operating under the strategic influence of the state-owned banking giant BIDV. Officially established on April 10, 2006, and licensed by the Ministry of Finance, BANK FOR INVESTMENT AND DEVELOPMENT OF VIET NAM INSURANCE JOINT STOCK CORPORATION has matured into a highly trusted and well-capitalized enterprise, listed on the Ho Chi Minh Stock Exchange under the symbol BIC.

Headquartered at No. 263 Cau Giay Street, Ha Noi, the company currently employs over 1,500 staff members and maintains a robust nationwide presence. With a paid-up capital of over USD 48 million and total assets reaching nearly USD 357 million by the end of 2024, BIC has continuously demonstrated solid financial performance and market resilience. In 2024 alone, it achieved USD 175.19 million in sales up 17.47% from the previous year and a profit of USD 20.49 million, representing a healthy 9.39% year-on-year growth.

The company’s capital structure reflects a strategic blend of domestic and foreign ownership. BIDV holds a controlling stake of 51%, while FAIRFAX ASIA LIMITED from Canada owns 35%, bringing in international insurance expertise and standards. The remaining 14% is held by various other investors, contributing to a diversified shareholder base.

Under the leadership of Chairman Tran H. A. and General Director Doan T. T. H., BIC continues to expand its core operations in non-life insurance and reinsurance while also engaging in financial investments and other legally permitted business lines. The Deputy Chairman, Gobinath A., further strengthens the management team with his international perspective and governance experience.

With nearly two decades of service, a stable ownership structure, and strong financial indicators, BIC is well-positioned to grow further and solidify its role as one of Vietnam's top insurance providers aligned with the strategic development of the BIDV financial ecosystem.