Deputy PM Vuong Dinh Hue receives Talanx Deputy Chairman hinh anh 1Overview of the meeting (Photo: VNA)

Hanoi (VNA)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.

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

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

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

The Vietnamese Government plans to divest all capital of the Vietnam National Oil and Gas Group (PetroVietnam) from the PVI, stated Deputy PM Hue.

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

The same day, Hue also hosted Ferdianand Dano, Rector of Slovakia’s Bratislava University, during which he expressed his hope that the school will strengthen cooperation with Vietnam through connectivity and exchange programmes with Vietnamese universities, while granting more scholarships to Vietnamese students.-VNA