VIETINBANK INSURANCE JOINT STOCK CORPORATION

VIETINBANK INSURANCE JOINT STOCK CORPORATION, commonly known as VBI, is a major non-life insurance provider in Vietnam with over 22 years of operational history. Legally registered on December 12, 2002, under Business ID 21/GP/KDBH and regulated by the Ministry of Finance, VBI has evolved into a dynamic player in the insurance sector. The company is privately held and operates with a paid-up capital of approximately USD 27.39 million, employing 628 people nationwide.

The company’s leadership includes NGUYEN H. V. as Chairwoman, with LE T. D. serving as General Director and TRAN T. H. T. as Deputy General Director. VBI is majority-owned by the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), which holds a 73.4% stake, while other shareholders include VPS Securities, Hyundai Marine & Fire Insurance Co., Ltd, and additional minority investors.

VBI specializes in non-life insurance services, including reinsurance, financial investments, and loss assessment. The company has shown remarkable growth in recent years. As of the fiscal year ending December 31, 2023, VBI reported total assets of USD 316.09 million, up 36.82% year-over-year. Revenue climbed to USD 122.11 million, a 22.65% increase, while net profit surged by 43.77% to reach USD 11.96 million. Equity rose steadily to USD 70.87 million, reinforcing the company’s financial stability and capital adequacy

This sustained performance demonstrates VBI’s growing influence in the Vietnamese insurance market. However, given its rapid expansion, multi-shareholder structure, and exposure to financial instruments and reinsurance markets, stakeholders—particularly institutional partners, reinsurers, and investors—must conduct robust due diligence to evaluate creditworthiness, operational transparency, and legal obligations.

For such strategic assessments, VANGUARD BUSINESS INFORMATION LLC (VNBIS.COM) offers trusted risk intelligence solutions. With VBI’s growing scale and financial complexity, VNBIS reports deliver critical insights that help clients identify opportunities while mitigating potential risks—especially in a regulated industry where capital adequacy, governance, and claims history matter deeply.