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SAI GON - HANOI INSURANCE CORPORATION

Active

Business ID 0103085460

84-24 / 3793 1111

SAI GON - HANOI INSURANCE CORPORATION

Active

Business ID 0103085460

84-24 / 3793 1111

SAI GON - HANOI INSURANCE CORPORATION

Active

Summary

Name:

SAI GON - HANOI INSURANCE CORPORATION

Business ID (TIN):

0103085460

Date of Registration:

20 Aug 2013

Registered Office:

Ministry of Finance

Address:

No. 86, Ba Trieu Street, Hang Bai Ward, Hoan Kiem District, Ha Noi City, Vietnam

Phone:

84-24 / 3793 1111

Fax:

(84-24) 3793 1155

Financial Statement:

2020, 2021, 2022, 2023, 2024

SAI GON – HANOI INSURANCE CORPORATION (TỔNG CÔNG TY CỔ PHẦN BẢO HIỂM SÀI GÒN-HÀ NỘI) is a publicly held joint stock company specializing in non-life insurance. Established on 20 August 2013 under Business ID 56/GPĐC12/KDBH(TCT), the company is headquartered at 24th Floor, Vinacomin Building, No. 3, Duong Dinh Nghe Street, Yen Hoa Ward, Cau Giay District, Hanoi, Vietnam. With a charter capital of USD 41.08 million and a workforce of approximately 1,600 employees, BSH has positioned itself as a key player in Vietnam's insurance market, offering both personal and corporate insurance solutions.

BSH is led by Do Q. V., who serves as Chairman, alongside Nguyen V. T. as General Director and Vu D. T., Deputy General Director. Their collective expertise has supported BSH’s strategic growth in providing a diverse portfolio, including motor, health, property, cargo, technical, and liability insurance products.

From a credit risk management perspective, BSH shows both strengths and challenges. The company reported total assets of USD 184.26 million in 2023, an impressive 22.45% increase from 2022, indicating solid asset expansion. Its equity also rose slightly by 1.49% to USD 50.95 million, demonstrating financial stability. However, sales declined by 3.61% to USD 107.41 million, and profit dropped significantly by 25.74% to USD 793,673. The company’s working capital of -USD 1.65 million suggests potential liquidity constraints, which could be a concern for meeting short-term obligations without additional financing or cash flow improvements.

The shareholder structure reflects a mix of influential domestic and international investors. Major shareholders include Vietnam National Vegetable, Fruit and Agricultural Product Corporation (10.1%), Sai Gon – Ha Noi Securities JSC (9.98%), T&T Group JSC (9.95%), and International Finance Corporation (IFC) from the United States (9.83%), with the remaining 60.97% held by other shareholders. This diverse shareholder base provides strategic backing but also requires BSH to maintain strong governance and performance transparency.

Despite recent declines in sales and profits, SAI GON – HANOI INSURANCE CORPORATION retains a strong capital foundation and brand presence. However, the declining profitability trend highlights the importance of careful underwriting, cost control, and investment portfolio management to mitigate credit risks. Its rapid asset growth, while positive, must be matched with sustainable earnings to maintain long-term solvency and market competitiveness.

Vanguard Business Information LLC (VBI) offers detailed credit risk evaluations and verification reports on companies like BSH, helping partners and stakeholders assess operational strengths, financial health, and risk exposure. For businesses considering partnerships with BSH, such due diligence is essential to ensure confidence and minimize potential financial risks.

Legal Profile

English Name:

SAI GON - HANOI INSURANCE CORPORATION

Vietnamese Name:

TỔNG CÔNG TY CỔ PHẦN BẢO HIỂM SÀI GÒN-HÀ NỘI

Short Name:

BSH

Business ID (TIN):

0103085460

Date of Registration:

20 Aug 2013

Registered Office:

Ministry of Finance

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ DO Q.V

+ NGUYEN V.T

+ VU D.T

+ TRAN H.N

+ TRINH T.X.D

Address:

No. 86, Ba Trieu Street, Hang Bai Ward, Hoan Kiem District, Ha Noi City, Vietnam

Phone:

84-24 / 3793 1111

Fax:

(84-24) 3793 1155

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	-29.78%
Owner’s Equity	17.91%
Working Capital	-67.52%
Net Worth	-40.81%
Sales	-46.24%
Operating income	-47.54%
EBIT	-95.51%
Gross Profit Margin	-10.06%
Debt to EBITDA	91.93%

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Negative Payment Records

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Litigation Records; Negative News

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Profit and Loss Statement

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Opinion from Analysts

Specific Questions About SAI GON - HANOI INSURANCE CORPORATION

When did SAI GON - HANOI INSURANCE CORPORATION start operating?

SAI GON - HANOI INSURANCE CORPORATION was started in 20 Aug 2013

What industry does SAI GON - HANOI INSURANCE CORPORATION operate in?

SAI GON - HANOI INSURANCE CORPORATION is operating in "Non-life insurance" industry

How can I contact SAI GON - HANOI INSURANCE CORPORATION?

SAI GON - HANOI INSURANCE CORPORATION phone numbers is 84-24 / 3793 1111

What adverse news is there about SAI GON - HANOI INSURANCE CORPORATION?

SAI GON - HANOI INSURANCE CORPORATION’s has no negative news

What is stock symbol of SAI GON - HANOI INSURANCE CORPORATION?

SAI GON - HANOI INSURANCE CORPORATION is not listed company

Where is the location of SAI GON - HANOI INSURANCE CORPORATION?

SAI GON - HANOI INSURANCE CORPORATION is located at No. 86, Ba Trieu Street, Hang Bai Ward, Hoan Kiem District, Ha Noi City, Vietnam

What is SAI GON - HANOI INSURANCE CORPORATION’s business registration?

SAI GON - HANOI INSURANCE CORPORATION business registration is 0103085460

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