Consolidated profit in the first 6 months of 2025 increased by 31.5% over the same period
Bao Viet Group has just announced its business results for the first half of 2025 (before audit). Accordingly, the parent company and its member units recorded positive growth.
Specifically, total consolidated revenue reached VND 29,417 billion, up 4.9%, profit after tax reached VND 1,392 billion, up 31.5% over the same period in 2024. The group's consolidated profit after tax in the second quarter reached VND 705 billion, in the first 6 months of 2025 reached VND 1,392 billion, respectively recording growth of 60.7% and 31.5% over the same period last year. Total consolidated assets as of June 30 reached more than 10 billion USD, equivalent to VND 264,124 billion, up 5.1% compared to December 31, 2024.
The parent company's total revenue reached VND 890 billion, profit after tax reached VND 619 billion, growing 9.8% and 6.7% respectively over the same period in 2024.
Bao Viet plans to spend more than VND 783 billion to pay dividends for the 2024 fiscal year in cash, equivalent to 10.551% of the par value of shares. With strong financial potential, leading capital and asset scale among insurance companies, Bao Viet has fulfilled its commitments to shareholders, increasing value for investors.
AM Best announces Bao Viet Insurance's financial capacity rating of B++
At the end of the second quarter, Bao Viet Insurance Corporation's total revenue reached VND6,114 billion, up 7.1% and after-tax profit was VND164 billion.
In particular, the international rating organization AM Best announced Bao Viet Insurance's financial capacity rating of B++ (Good), long-term credit capacity of "bbb+" (Good) and achieved the highest level of aaa.VN (Excellent) according to the Vietnamese national scale. The rating results are assessed to honestly reflect the stable financial foundation, operational efficiency and management capacity of Bao Viet Insurance.
Bao Viet Insurance is currently implementing the promotion program "Bustling flags - Thousands of incentives" with 12,000 gifts and discounts of up to 20%.
Bao Viet Life launches new products and promotions
By the end of the second quarter, Bao Viet Life Corporation recorded total revenue of VND 22,611 billion, an increase of 4.9%. Profit after tax reached VND 973 billion, a high growth rate of 54.4% compared to the same period in 2024.
In order to meet the increasingly diverse needs of Vietnamese people for financial protection and accumulation, Bao Viet Life has launched four new insurance products, along with two main products, An Khang Nhu Y and An Tam Hoach Dinh. The group of products includes: Critical illness insurance - payment of up to 3 billion VND when customers unfortunately suffer from cancer, stroke or myocardial infarction; Permanent partial disability insurance due to accident 2.0 - protection benefits of up to 500 million VND; Death and serious disability insurance due to accident - payment of up to 10 billion VND; Death premium support - helps maintain the validity of the main contract if the insured person unfortunately passes away.
Bao Viet Life launched the program "New Summer Trip, Exciting Gifts" offering nearly 23,000 gifts of multi-purpose fashion bags along with a pair of Tam An rescue service cards, compulsory civil accident insurance and the program "Complete Protection, Peaceful Summer Welcome" giving away 5,000 summer luggage combos to customers participating in the program.
Investment funds grow impressively
Bao Viet Fund Management Company (Baoviet Fund, BVF) continued to record positive growth in many business indicators after 6 months. Total net assets under management (AUM) reached nearly VND 148,000 billion, equivalent to about USD 5.6 billion, up 5.5% compared to December 31, 2024. Revenue in the first 6 months of the year reached VND 102.2 billion and profit after tax reached VND 50 billion, up 17.5% and 19.4% respectively over the same period last year.
Bao Viet Dynamic Equity Investment Fund (BVFED) alone recorded a growth of 9.06% since the beginning of the year, ranking among the top 5 best performing open-end equity funds on the market.
Bao Viet Securities offers margin incentives to customers
Bao Viet Securities Company (BVSC) achieved VND416.6 billion in revenue and VND99.2 billion in profit after tax in the second quarter. BVSC affirms its position as one of the pioneering securities companies in combining technology, finance and customer service, aiming for sustainable development in the Vietnamese market through many activities.
BVSC has launched a series of incentive programs such as "Open an account immediately - Receive investment gifts immediately", "Margin T+ interest-free for 5 days", or margin incentives from only 8%/year for customers with large outstanding balances, 0% margin program for the first 5 days, interest rate of 14.5%/year for the following days. In addition, BVSC also integrates the ecosystem through programs to give motorbike vouchers from Bao Viet Insurance to customers with qualified transactions.
Source: https://dantri.com.vn/kinh-doanh/tap-doan-bao-viet-bvh-cong-bo-loi-nhuan-sau-thue-tang-315-sau-6-thang-20250731100757725.htm
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