Politics

Deputy PM Vuong Dinh Hue receives Talanx Deputy Chairman

Deputy Prime Minister Vuong Dinh Hue received in Hanoi on April 19 Deputy Chairman of the management board of Germany’s Talanx AG Group Christian Hinsch.
Deputy PM Vuong Dinh Hue receives Talanx Deputy Chairman ảnh 1Overview of the meeting (Photo: VNA)

Hanoi (VNA)– Deputy Prime Minister Vuong Dinh Hue received in Hanoi on April 19 Deputy Chairmanof the management board of Germany’s Talanx AG Group Christian Hinsch.

Talanx AG Group now owns a stake of over 47 percent in the PetroVietnamInsurance (PVI) in comparison to 25 percent when it started investing inVietnam in 2011, said Hinsch, who is also Chairman of HDI Global SE, asubsidiary of Talanx.

He said the group hopes the Vietnamese Government will raise the ownership rateof foreign investors in a Vietnamese company to over 49 percent.

Deputy PM Hue saidthat the Vietnamese Government will make restructuring to develop the insurancemarket in Vietnam. He also lauded Talanx’s investment in Vietnam, which issuitable to the country’s policy of restructuring the financial-credit system,including the insurance market.

The VietnameseGovernment plans to divest all capital of the Vietnam National Oil and GasGroup (PetroVietnam) from the PVI, stated Deputy PM Hue.

The Government will assign the Ministry of Industry and Trade to study theincrease of foreign investors’ ownership in the PVI as well as build anappropriate divestment roadmap, he added.

The same day, Hue alsohosted Ferdianand Dano, Rector of Slovakia’s Bratislava University, duringwhich he expressed his hope that the school will strengthen cooperation withVietnam through connectivity and exchange programmes with Vietnameseuniversities, while granting more scholarships to Vietnamese students.-VNA
VNA
#Deputy Prime Minister Vuong Dinh Hue #Talanx AG Group #Christian Hinsch #Vietnam #Vietnam news #Vietnam News Agency
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