Bảo Việt’s 2020 after-tax profit up 28.5 per cent

February 09, 2021 - 08:45

Bảo Việt Holdings and its affiliates reported positive growth last year with total turnover of VNĐ48.949 trillion (US$2.12 billion), up 9.1 per cent year-on-year and surpassing the annual target by 8.9 per cent.

Bảo Việt’s 2020 after-tax profit up 28.5 per cent. VNA/VNS Photo

HÀ NỘI — Bảo Việt Holdings and its affiliates reported positive growth last year with total turnover of VNĐ48.949 trillion (US$2.12 billion), up 9.1 per cent year-on-year and surpassing the annual target by 8.9 per cent.

After-tax profit hit VNĐ1.597 trillion, up 28.5 per cent and equivalent to 135.3 per cent of the annual target.

Bảo Việt's member companies also saw encouraging results. Bảo Việt Life Insurance posted revenue of over VNĐ36.1 trillion last year, up 12.4 per cent, Bảo Việt Fund VNĐ114 billion, and Bảo Việt Securities JSC VNĐ594 billion, surpassing the annual target by 23 per cent.

Bảo Việt now owns the largest assets in the insurance market, worth over VNĐ147 trillion ($6.39 billion). — VNS

Việt Nam needs development of green products exported to UK

Economy

UK’s carbon tax to affect VN exports

Economy

Việt Nam expects to officially export passion fruit to the US next year

Economy

VN faced with increasing trade defence investigations on rising protectionism

Economy

Experts point out economic growth drivers, challenges for next year

Economy

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

More on this story

Economy

New securities trading accounts hit record high in January

Nearly 86,270 securities trading accounts were opened by domestic investors in January, an increase of 36.4 per cent from the previous month.

Economy

Organic Tết cakes become a hit

Organic bánh chưng (square glutinous rice cake) sold in HCM City for the first time for Tết (Lunar New Year) has become very popular.

Economy

Agriculture, forestry and fishery exports hit $3.49 billion in January

The total export turnover of agriculture, forestry and fishery is estimated at US$3.49 billion last month, up 27.1 per cent over the same period last year, reported the Ministry of Agriculture and Rural Development.

Economy

Railway companies suffer losses due to COVID-19

Vietnamese railway companies reported large losses in 2020 due to the impacts of COVID-19 pandemic.

Economy

Việt Nam gains cassava export growth in 2020 despite COVID-19

Việt Nam gained growth in the export of cassava chips and cassava-made products in 2020 despite the COVID-19 pandemic, according to the Department of Agricultural Product Processing and Market Development.

Economy

Local and foreign investors flee the market before Tết holiday

Việt Nam's stock market finished low on Monday before halting for Tết holidays.

Economy

SBT exports South American bananas to South Korea

Thành Thành Công – Biên Hòa Joint Stock Company (SBT) exported its first batch of South American bananas to South Korea on Sunday.

Economy

Hải Phòng grants investment approval to LG Display’s project

Chairman of the People’s Committee of northern Hải Phòng City Nguyễn Văn Tùng on Sunday gave a licence to LG Display Vietnam Hải Phòng's project adding US$750 million in investments.

Economy

Bad debts of 20 banks up 4.5% in 2020

The non-performing loans (NPLs) of 20 local banks at the end of 2020 rose by 4.5 per cent year-on-year to VNĐ83.4 trillion (US$3.58 billion), according to the banks’ latest financial statements.