BIC among Top 100 Vietnam Excellent Brands in 2016
The Golden Dragon Awards and Vietnam Excellent Brand Awards have been held by Vietnam Economics Times since 2001. The Festival aims to encourage enterprises recording outstanding performance in business operations, developing rapidly and steadily and contributing to social and community activities, protecting the environment, and ensuring employee rights. Sixty-one foreign enterprises were presented with a Golden Dragon Award while 100 domestic enterprises were recognized as a Vietnam Excellent Brands at this year’s ceremony.
Being honored as a Vietnam Excellent Brand is in recognition of BIC’s efforts and success over recent years. Its 2016 business results continued to record high and sustainable growth. Total consolidated underwritten premiums reached nearly VND1.8 trillion ($79 million), of which BIC’s separate underwritten premiums reached VND1.671 trillion ($73.5 million). Consolidated profit was VND165.7 billion ($7.3 million), with BIC remaining one of the five highest-rated insurance companies in terms of profitability in Vietnam’s non-life insurance market.
The award will encourage BIC to continue its restructuring, apply advanced management practices, and invest in modern information technology systems to meet the requirements of the fourth industrial revolution (Industry 4.0).