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VIETNAM NATIONAL AVIATION INSURANCE JSC

Active

Business ID 0102737963

84-24 / 6276 5555

VIETNAM NATIONAL AVIATION INSURANCE JSC

Active

Business ID 0102737963

84-24 / 6276 5555

VIETNAM NATIONAL AVIATION INSURANCE JSC

Active

Summary

Name:

VIETNAM NATIONAL AVIATION INSURANCE JSC

Business ID (TIN):

0102737963

Date of Registration:

23 Apr 2008

Registered Office:

Ministry of Finance

Ticker:

AIC

Address:

25th Floor, Vinacomin Building, No. 3, Duong Dinh Nghe Street, Yen Hoa Ward, Cau Giay District, Ha Noi City, Vietnam

Phone:

84-24 / 6276 5555

Fax:

(84-24) 6276 5556

Financial Statement:

2020, 2021, 2022, 2023, 2024

VIETNAM NATIONAL AVIATION INSURANCE CORPORATION (VNI) is one of Vietnam’s most established providers in the non-life insurance sector. Established on April 23, 2008, and legally registered with the Ministry of Finance, this joint stock company operates under Business ID 49GP/KDBH and Tax Identification Number 0102737963. Headquartered on the 25th Floor of the Vinacomin Building, No. 3, Duong Dinh Nghe Street, Yen Hoa Ward, Cau Giay District, Hanoi, VIETNAM NATIONAL AVIATION INSURANCE CORPORATION is widely recognized by its short name, VNI, and is listed on the stock exchange under the symbol AIC.

Legal Status and Ownership

Foreign and local investors primarily support VNI as a publicly held joint stock company. The majority shareholder is DB Insurance Co., Ltd. from South Korea, which owns 75% of the shares. Domestic stakeholders include the Handicraft and Art Articles Export-Import Corporation (12%) and other minority shareholders (13%).

Key Management

NGHIEM X. T., the General Director, oversees the corporation. Under his leadership, VNI has grown into a national player, employing 1,708 staff members and maintaining a strong presence in the aviation and broader non-life insurance markets.

Business Focus and Services

The company’s core business is non-life insurance, with a particular emphasis on the aviation sector. This specialized focus allows VNI to offer tailored solutions to meet the risk management needs of businesses operating in one of Vietnam's most dynamic sectors.

Financial Highlights (As of FYE December 31, 2023)

VIETNAM NATIONAL AVIATION INSURANCE CORPORATION has shown solid performance, especially in profitability and asset growth. Based on USD-converted financials (at 1 USD = 24,341 VND), the company reported the following:

Total Assets: USD 164.64 million (↑7.18% YoY)
Total Sales: USD 81.69 million (↓14.8% YoY)
Net Profit: USD 1.01 million (↑18.62% YoY)
Owner’s Equity: USD 45.07 million (↑2.23% YoY)
Working Capital: USD 35.53 million
Net Worth: USD 44.95 million

Despite a slight dip in sales in 2023, the company achieved notable growth in profitability and equity, reflecting efficient risk underwriting and cost management strategies.

Stability and Growth Outlook

With over 17 years of operational history and a clear focus on non-life insurance, VNI continues to build upon its solid foundation. Its strong capital base (charter capital of over USD 41 million) and strategic foreign partnership enhance its long-term competitiveness. Furthermore, the recent growth in profit and assets signals a robust business model capable of adapting to market fluctuations and regulatory shifts.

Legal Profile

English Name:

VIETNAM NATIONAL AVIATION INSURANCE JSC

Vietnamese Name:

TỔNG CÔNG TY CỔ PHẦN BẢO HIỂM HÀNG KHÔNG

Short Name:

VNI

Business ID (TIN):

0102737963

Date of Registration:

23 Apr 2008

Registered Office:

Ministry of Finance

Ticker:

AIC

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

NGHIEM X.T

Address:

25th Floor, Vinacomin Building, No. 3, Duong Dinh Nghe Street, Yen Hoa Ward, Cau Giay District, Ha Noi City, Vietnam

Phone:

84-24 / 6276 5555

Fax:

(84-24) 6276 5556

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	-90.98%
Owner’s Equity	-47.83%
Working Capital	-55.99%
Net Worth	84.35%
Sales	60.21%
Operating income	87.01%
EBIT	67.19%
Gross Profit Margin	-57.89%
Debt to EBITDA	-64.67%

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Profit and Loss Statement

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Opinion from Analysts

Specific Questions About VIETNAM NATIONAL AVIATION INSURANCE JSC

When did VIETNAM NATIONAL AVIATION INSURANCE JSC start operating?

VIETNAM NATIONAL AVIATION INSURANCE JSC was started in 23 Apr 2008

What industry does VIETNAM NATIONAL AVIATION INSURANCE JSC operate in?

VIETNAM NATIONAL AVIATION INSURANCE JSC is operating in "Non-life insurance" industry

How can I contact VIETNAM NATIONAL AVIATION INSURANCE JSC?

VIETNAM NATIONAL AVIATION INSURANCE JSC phone numbers is 84-24 / 6276 5555

What adverse news is there about VIETNAM NATIONAL AVIATION INSURANCE JSC?

VIETNAM NATIONAL AVIATION INSURANCE JSC’s has no negative news

What is stock symbol of VIETNAM NATIONAL AVIATION INSURANCE JSC?

VIETNAM NATIONAL AVIATION INSURANCE JSC’s stock symbol is AIC

Where is the location of VIETNAM NATIONAL AVIATION INSURANCE JSC?

VIETNAM NATIONAL AVIATION INSURANCE JSC is located at 25th Floor, Vinacomin Building, No. 3, Duong Dinh Nghe Street, Yen Hoa Ward, Cau Giay District, Ha Noi City, Vietnam

What is VIETNAM NATIONAL AVIATION INSURANCE JSC’s business registration?

VIETNAM NATIONAL AVIATION INSURANCE JSC business registration is 0102737963

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VIETNAM NATIONAL AVIATION INSURANCE JSC