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

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