On the evening of May 16, Petroleum General Insurance Corporation (PJICO, code: PGI) announced unusual information regarding changes in personnel to the State Securities Commission and the Ho Chi Minh City Stock Exchange.
PJICO’s Board of Directors relieves Ms. Nguyen Thi Huong Giang from her position as General Director. (Photo: B.L)
Accordingly, PJICO relieved Ms. Nguyen Thi Huong Giang from her position as General Director. The reason for this decision is that Ms. Giang had been previously relieved from her position, and the legal representative of PJICO is now Mr. Pham Thanh Hai, Chairman of the PJICO’s Board of Directors.
Additionally, the PJICO’s Board of Directors also relieved Mr. Tran Hoai Nam from his position as Deputy General Director. These unexpected changes in the senior management of the insurance industry leader, PJICO, have surprised many.
Established in 1995, PJICO’s major shareholders include Vietnam National Petroleum Group (Petrolimex), Samsung Fire & Marine Insurance, and Vietcombank. The company’s main business areas include motor vehicle insurance, aviation insurance, marine insurance, and health insurance, among others.
In 2024, PJICO recorded revenue of nearly VND 5,280 billion, an increase of almost 9% compared to 2023. Pre-tax profit reached over VND 290 billion, a roughly 3% rise from the previous year.
For 2025, PJICO aims for revenue of nearly VND 5,175 billion, with original insurance revenue targeted at VND 4,400 billion. The total pre-tax profit goal is VND 306 billion, and the minimum dividend payout ratio is set at 12% of charter capital.
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The General Director of Petrolimex Insurance Corporation, Mrs. Nguyen Thi Huong Giang, and Mr. Tran Hoai Nam, the Deputy General Director, have been relieved of their duties by the Board of Directors, effective May 16th. This decision was made after careful deliberation and consultation among the esteemed members of the Board.
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