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Baoviet Holdings (BVH) recently published documents for the 2025 Annual General Meeting of Shareholders (AGM), scheduled for June 21, 2025, in Hanoi.
The agenda includes seeking shareholders’ approval for the 2025 business plan, targeting a total revenue of VND 1,828 billion and a net profit of VND 1,275 billion, an 8% increase from the previous year’s performance.
To achieve these goals, the Baoviet Holdings’ Board of Directors plans to focus on developing advanced information technology systems, accelerating digital channel expansion, and enhancing cross-selling activities among its subsidiaries: Baoviet Insurance Corporation, Baoviet Life Insurance Corporation, and Baoviet Bank.
Additionally, the group will streamline its organizational structure following a modern enterprise governance model, improve labor productivity, attract and retain top talent, and build a high-quality talent pipeline to support its long-term development.
At the AGM, Baoviet Holdings will present the 2024 profit distribution plan. After allocating funds to statutory reserves, the remaining net profit for the financial year 2024 amounts to over VND 783 billion, with nearly VND 87 million in undistributed net profit from 2023, totaling almost VND 783.3 billion. The group proposes to distribute this entire amount as cash dividends, equivalent to a payout ratio of 10.551%.
The meeting will also include a proposal on remuneration for the Board of Directors and Supervisory Board members for the 2024 financial year and suggested remuneration for 2025, along with other agenda items as per regulations.
In 2024, Baoviet Holdings achieved consolidated total revenue of VND 56,875 billion, surpassing the year’s plan by 1.4%. Consolidated pre-tax profit reached VND 2,663 billion, exceeding the target by 17.9% and reflecting a 17.7% year-on-year increase. Consolidated post-tax profit stood at VND 2,194 billion, surpassing the plan by 18% and marking a 16.6% year-on-year growth.
The parent company’s total revenue for 2024 amounted to VND 1,693 billion, a 2.8% increase from the previous year and 2.4% above the set plan. Pre-tax and post-tax profits reached VND 1,180 billion, completing the plan by 102.4% and 102.6%, respectively, and increasing by 5.3% and 5.7% compared to the previous year.
In the first quarter of 2025, Baoviet Holdings’ consolidated pre-tax profit reached VND 872 billion, a 17.6% year-on-year increase. Post-tax profit increased by 14.6% to VND 707 billion. Consolidated total revenue for the quarter grew by 2.2% year-on-year to VND 14,381 billion.
The parent company’s performance for the first three months of 2025 showed an 11.3% year-on-year increase in revenue, totaling VND 445 billion. Post-tax profit rose by 9% to VND 316 billion.
As of the end of March, Baoviet Holdings’ consolidated total assets reached nearly USD 10 billion, equivalent to VND 255,817 billion, a 1.8% increase from the beginning of the year. The parent company’s total assets stood at VND 18,527 billion, with equity capital of VND 18,387 billion, a slight increase from the beginning of the year.
With this scale of assets, Baoviet Holdings is currently the largest insurance company in Vietnam.
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