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Investor Note

BIC boosts overseas presence

BIC has received approval from the Ministry of Finance (MoF) to invest in Cambodia-Vietnam Insurance Co (CVI) and Laos-Vietnam Insurance Joint Venture Co (LVI).

BIC in 2012: Good result despite of difficulties

2012 is a hard year for the economy as well as the insurance market, demand for insurance decreased, especially in traditional fields that used to take up high return ratio such as: construction, property, cargo insurance, ect. Gross insurance premium in non-life market only increased by 11%, which is the lowest increase in the past 10 years

BIC: 9M/2012 Pre-tax Profit Reaches 90b dong, up 27pct

BIDV Insurance Corporation (BIC) reported a pre-tax profit of VND90.19 billion in 9M/2012, up 27 percent from a year ago, and fulfilling 86 percent of its full-year target.

Q2/2012: BIC profit increases more than 22.4pct

BIDV Insurance Corporation (BIC) made a net profit of VND18.18 billion in the second quarter of this year, up 22.4 percent from one year earlier.

BIC: Earns VND42.383Bln Pretax Profit in 5M/2012

BIDV Insurance Corporation (BIC) earned VND42.383 billion in the first five months of this year, up 37.4% over the same period in 2011.
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