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BIDV Insurance Co boosts overseas presence

Update: March, 16/2013 - 10:05

HA NOI (VNS)— BIDV Insurance Co would increase its stakes in two joint ventures in Laos and Cambodia, the company announced.

Accordingly, it would increase its ownership in Laos-Viet Insurance Co Ltd from 51 per cent to 65 per cent of the charter capital.

The additional investment will reach around US$420,000. The Laos-based company currently ranks second in market share. At the same time, BIDV Insurance will also purchase the entire 65 per cent stake of Cambodia Investment and Development Co in Cambodia-Vietnam Insurance Co Plc (CVI) for $4.55 million.-VNS

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