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Insurer targets 18% rise in earnings

Update: April, 28/2012 - 08:52

HA NOI — Bao Viet Holdings has targeted consolidated earnings this year of VND17.6 trillion (US$837 million), an increase of 18.2 per cent over the previous year, the insurance group announced at its annual shareholders meeting in Ha Noi on Thursday. Profits were expected to top VND1.7 trillion ($82 million) by the end of the year, a rise of 13.2 per cent.

To meet the targets, Bao Viet said it would restructure the group to boost cross-subsidiary co-operation, enhance governance, accelerate implementation of information technology projects, restructuring the group, enhancing the corporate governance model, and increase the effectiveness of investments and risk management systems.-VNS

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