Vietnamplus

AM Best, the global credit rating agency specialising in the insurance industry, has upgraded two key ratings of PVI Insurance Corporation (PVI Insurance) thanks to its strong financial position and robust performance.

Insurance companies enjoyed an increase in sales in the first quarter of this year.

As many stocks have plunged below their real value, foreign funds are combing Vietnamese shares, raising fears that Vietnamese companies will be acquired by 'shark' investors.

PetroVietnam Insurance Corporation (PVI) and Swiss Life Network on December 2 signed an agreement on comprehensive cooperation.

Vietnam’s insurance sector has targeted a growth rate of 20 percent this year, according to the Vietnam Insurance Association.

The Vietnam Oil and Gas Group (PetroVietnam) reported on December 10 that it has exploited over 11.31 million tonnes of crude oil, fulfilling this year’s target.

Sun Life Financial Inc has announced the completion of the acquisition of the remaining 25% of charter capital of PVI Sun Life Insurance Co. Ltd rom PVI Holdings following regulatory approval.

PVI Holdings continued to maintain its top position in the field of non-life insurance with revenue hitting 4.17 trillion VND (187.65 million USD) in the first half of 2016.

The PVI Holdings (PVI) has been honoured by the Vietnamese edition of Forbes Magazine as one of 50 best companies in Vietnamese stock market.