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VIETINBANK INSURANCE JOINT STOCK CORPORATION

Active

Business ID 0101335193

84-24 / 3211 5140

VIETINBANK INSURANCE JOINT STOCK CORPORATION

Active

Business ID 0101335193

84-24 / 3211 5140

VIETINBANK INSURANCE JOINT STOCK CORPORATION

Active

Summary

Name:

VIETINBANK INSURANCE JOINT STOCK CORPORATION

Business ID (TIN):

0101335193

Date of Registration:

12 Dec 2002

Registered Office:

Ministry of Finance

Address:

10th - 11th Floors, Building No. 126, Doi Can Street, Ba Dinh District, Ha Noi City, Vietnam

Phone:

84-24 / 3211 5140

Financial Statement:

2020, 2021, 2022, 2023, 2024

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.

Legal Profile

English Name:

VIETINBANK INSURANCE JOINT STOCK CORPORATION

Vietnamese Name:

TONG CONG TY CO PHAN BAO HIEM NGAN HANG TMCP CONG THUONG VIET NAM

Short Name:

VBI

Business ID (TIN):

0101335193

Date of Registration:

12 Dec 2002

Registered Office:

Ministry of Finance

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN H.V

+ LE T.D

+ NGUYEN H.P

+ TRAN T.D

+ TRAN T.H.T

Address:

10th - 11th Floors, Building No. 126, Doi Can Street, Ba Dinh District, Ha Noi City, Vietnam

Phone:

84-24 / 3211 5140

Branch:

#4-5, No. 354 -356 Nguyen Thi Minh Khai Street, Ward 5, District 3, Ho Chi Minh City, Vietnam

Branch:

3rd Floor, No. 36 Tran Quoc Toan Street, Hai Chau 1 Ward, Hai Chau District, Da Nang City, Vietnam

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	-94.62%
Owner’s Equity	-14.36%
Working Capital	44.11%
Net Worth	51.78%
Sales	59.26%
Operating income	64.66%
EBIT	-95.54%
Gross Profit Margin	-35.04%
Debt to EBITDA	-80.63%

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Contact and Location

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Business Operation

Assets

Owner's Equity

Sales

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Company Standard Report

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EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

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Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

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Historical Information

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Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About VIETINBANK INSURANCE JOINT STOCK CORPORATION

When did VIETINBANK INSURANCE JOINT STOCK CORPORATION start operating?

VIETINBANK INSURANCE JOINT STOCK CORPORATION was started in 12 Dec 2002

What industry does VIETINBANK INSURANCE JOINT STOCK CORPORATION operate in?

VIETINBANK INSURANCE JOINT STOCK CORPORATION is operating in "Non-life insurance" industry

How can I contact VIETINBANK INSURANCE JOINT STOCK CORPORATION?

VIETINBANK INSURANCE JOINT STOCK CORPORATION phone numbers is 84-24 / 3211 5140

What adverse news is there about VIETINBANK INSURANCE JOINT STOCK CORPORATION?

VIETINBANK INSURANCE JOINT STOCK CORPORATION’s has no negative news

What is stock symbol of VIETINBANK INSURANCE JOINT STOCK CORPORATION?

VIETINBANK INSURANCE JOINT STOCK CORPORATION is not listed company

Where is the location of VIETINBANK INSURANCE JOINT STOCK CORPORATION?

VIETINBANK INSURANCE JOINT STOCK CORPORATION is located at 10th - 11th Floors, Building No. 126, Doi Can Street, Ba Dinh District, Ha Noi City, Vietnam

What is VIETINBANK INSURANCE JOINT STOCK CORPORATION’s business registration?

VIETINBANK INSURANCE JOINT STOCK CORPORATION business registration is 0101335193

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VIETINBANK INSURANCE JOINT STOCK CORPORATION

VIETINBANK INSURANCE JOINT STOCK CORPORATION

VIETINBANK INSURANCE JOINT STOCK CORPORATION

Summary

Legal Profile

Contacts