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BAO MINH INSURANCE CORPORATION

Active

Business ID 0300446973

84-28 / 3829 4180

BAO MINH INSURANCE CORPORATION

Active

Business ID 0300446973

84-28 / 3829 4180

BAO MINH INSURANCE CORPORATION

Active

Summary

Name:

BAO MINH INSURANCE CORPORATION

Business ID (TIN):

0300446973

Date of Registration:

03 Dec 2024

Registered Office:

Ministry Of Finance

Ticker:

BMI

Address:

No. 26, Ton That Dam Street, Sai Gon Ward, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3829 4180

Financial Statement:

2020, 2021, 2022, 2023, 2024

BAO MINH INSURANCE CORPORATION (TỔNG CÔNG TY CỔ PHẦN BẢO MINH) is one of Vietnam’s longstanding players in the non-life insurance sector, operating with over two decades of market presence. Founded on September 8, 2004, and registered with the Ministry of Finance under Business ID 27GP/KDBH, the company functions as a joint stock company with a legal status that allows public trading. It is listed on the Ho Chi Minh Stock Exchange (HOSE) under the ticker symbol BMI, reflecting a level of transparency and regulatory compliance expected from publicly held financial institutions.

The head office of BAO MINH INSURANCE CORPORATION is located at No. 26, Ton That Dam Street, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City, with regional offices in Hanoi, Hue, and Da Nang. At the end of 2023, the company employed a workforce of 1,722 people. The firm is currently led by Chairman Mr. LE SONG LAI, while Mr. LE VAN THANH serves as the General Director, supported by Chief Accountant Mr. SAI VAN HUNG. This leadership structure blends experience with operational focus, ensuring business continuity and financial discipline.

From a financial data standpoint, BAO MINH INSURANCE CORPORATION has shown relatively stable growth over recent years. Although total assets slightly declined in 2023 to USD 287.75 million (a marginal drop of 0.46%), the company posted a healthy increase in both revenue and profit. Total sales for 2023 reached USD 193.93 million, up 4.66% from the previous year, while profit climbed to USD 13.52 million, marking a 13.11% year-on-year growth. The company’s equity improved notably to USD 108.58 million, up 9.2%, indicating a strong capital base and retained earnings growth. The firm’s working capital, a key liquidity indicator, stood at USD 76.94 million, reflecting a stable operational buffer.

BAO MINH INSURANCE CORPORATION maintains a Tax Code of 0300446973 and has a paid-up capital of USD 49.54 million as of December 31, 2023. Its charter capital is listed at USD 37.53 million, which suggests the company has been successful in securing investor trust and raising funds. Among its notable shareholders are AXA S.A. from France (holding 16.65%), FIRSTLAND Co., Ltd. (5.65%), and a small group of internal shareholders and related individuals. Though the State Capital Investment Corporation retains a symbolic stake (0.04%), the company operates as an autonomous entity with a commercial focus.

While BAO MINH INSURANCE CORPORATION continues to face industry challenges such as fluctuating asset values and increased competition from both local and international insurers, it maintains its market relevance through steady profit margins and prudent financial management. Its core business remains firmly centered around non-life insurance services, a field where it has developed robust expertise and a diverse product portfolio. BAO MINH INSURANCE CORPORATION, through its balanced leadership and stable financial footing, represents a reliable name in Vietnam’s evolving insurance market.

Legal Profile

English Name:

BAO MINH INSURANCE CORPORATION

Vietnamese Name:

TỔNG CÔNG TY CỔ PHẦN BẢO MINH

Business ID (TIN):

0300446973

Date of Registration:

03 Dec 2024

Registered Office:

Ministry Of Finance

Ticker:

BMI

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ LE S.L

+ VU A.T

+ PHAM M.T

+ CHAU Q.L

+ NGUYEN N.A

+ VU H.L

+ NGUYEN T.N

+ SAI V.H

Address:

No. 26, Ton That Dam Street, Sai Gon Ward, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3829 4180

Business Sector

Key business lines:

VSIC:

6512 Non-life insurance

NACE:

65.12 Non-life insurance

NAICS:

52412 Direct Insurance (except Life, Health, and Medical) Carriers

Industry Sales Growth

CAGR (2019 - 2023)

8.39%

YoY (2023)

8.32%

Companies by industry

Company distribution and propportions

116

0.0040%

Key Industry Players

Top 10 companies in non-life insurance industry

bao minh insurance corporation petrolimex insurance corporation vietinbank insurance joint stock corporation agriculture bank insurance joint stock corporation bao long insurance corporation vietnam national aviation insurance jsc sai gon - hanoi insurance corporation pvi insurance corporation baoviet insurance corporation opes insurance joint stock company

Payment History

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Financial Performance

Assets	22.67%
Owner’s Equity	-63.89%
Working Capital	40.90%
Net Worth	-71.64%
Sales	3.07%
Operating income	83.31%
EBIT	81.29%
Gross Profit Margin	19.60%
Debt to EBITDA	-3.12%

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Negative Payment Records

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Specific Questions About BAO MINH INSURANCE CORPORATION

When did BAO MINH INSURANCE CORPORATION start operating?

BAO MINH INSURANCE CORPORATION was started in 03 Dec 2024

What industry does BAO MINH INSURANCE CORPORATION operate in?

BAO MINH INSURANCE CORPORATION is operating in "Non-life insurance" industry

How can I contact BAO MINH INSURANCE CORPORATION?

BAO MINH INSURANCE CORPORATION phone numbers is 84-28 / 3829 4180

What adverse news is there about BAO MINH INSURANCE CORPORATION?

BAO MINH INSURANCE CORPORATION’s has 1 bad news

What is stock symbol of BAO MINH INSURANCE CORPORATION?

BAO MINH INSURANCE CORPORATION’s stock symbol is BMI

Where is the location of BAO MINH INSURANCE CORPORATION?

BAO MINH INSURANCE CORPORATION is located at No. 26, Ton That Dam Street, Sai Gon Ward, Ho Chi Minh City, Vietnam

What is BAO MINH INSURANCE CORPORATION’s business registration?

BAO MINH INSURANCE CORPORATION business registration is 0300446973

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