This marks a significant milestone in the 20th anniversary of the BIC brand, opening up opportunities for the company to strengthen its internal capabilities, enhance competitiveness, and lay the foundation for a new phase of growth.
Capital Increase to Strengthen Internal Capabilities and Seize Opportunities
Vietnam’s non-life insurance market is entering a clear transition phase, shifting from competition based solely on scale to genuine competition in service quality, financial capacity, and technological expertise. While insurers previously focused on expanding market share, the key to maintaining a strong position and achieving breakthroughs now lies in delivering professional services, robust financial strength, and rapid adaptation to technological trends. In this context, enhancing financial foundations has become imperative for BIC, not only to seize opportunities but also to proactively navigate the increasingly complex market dynamics.
Increasing the charter capital enables BIC to seize opportunities and proactively respond to complex market fluctuations.
The period from 2025 to 2030 is expected to witness a robust recovery and growth in Vietnam’s economy, presenting significant opportunities for the non-life insurance sector. As the economy expands, insurance demand will surge, particularly in high-value sectors such as infrastructure, logistics, energy, public assets, and technical infrastructure. These sectors not only require insurers to possess strong financial capabilities but also demand adherence to stringent technical standards, transparency, and professionalism.
Alongside economic growth, digital transformation is reshaping the entire insurance industry. The race to invest in artificial intelligence (AI), big data, digital platforms, and process automation is intensifying among leading companies. Engaging in and excelling within this technological revolution demands not only strategic thinking but also long-term and sustainable financial resources.
BIC’s decision to increase its charter capital reflects more than just an effort to enhance financial capacity; it demonstrates a proactive spirit, a commitment to development, and a long-term vision. In a volatile market, companies that embrace reform and invest strategically are better positioned to adapt quickly and enhance their competitive edge. BIC fully recognizes this and has prepared a robust foundation to transform dynamically, ready to capitalize on growth opportunities while solidifying its position as a leading non-life insurer in Vietnam.
A Solid Foundation for Breakthrough Growth
2025 not only commemorates BIC’s 20 years of establishment and development but also marks the beginning of a transformative phase. The decision to increase the charter capital to 2,020 billion VND is a strategic move, unanimously approved by BIC’s General Meeting of Shareholders, reflecting strong consensus and unwavering commitment from shareholders to the company’s long-term development goals.
The additional capital will enable BIC to strengthen its financial foundation, enhance credibility with customers and partners, and create a critical platform for improving its international credit rating. This will open up opportunities for BIC to participate in large-scale insurance projects and contracts, meeting the increasingly stringent market requirements. It also provides a basis for expanding the company’s operational network and developing modern product lines such as microinsurance, digital asset insurance, natural disaster risk coverage, and climate change insurance—products with significant potential but requiring substantial investment and a strong financial foundation.
Additional capital helps BIC strengthen its financial capabilities.
Increasing the charter capital also provides a solid foundation for BIC to accelerate digital transformation. The company will have additional resources to enhance its core insurance system, develop online distribution channels, implement AI in claims assessment, and leverage big data for customer behavior analysis. These are critical elements for BIC to improve service quality, optimize customer experiences, and establish itself as a pioneer in the insurance industry’s technological revolution.
Increasing the charter capital lays the foundation for BIC to accelerate digital transformation.
The capital increase also underscores the long-term commitment and development orientation of BIC’s major shareholders, including its parent bank, BIDV.
Beyond completing the capital increase in 2025, BIC has outlined a clear capital growth strategy for the subsequent phase. From 2026 to 2030, BIC will continue to raise capital through stock dividend payments. The dividend ratio will be proposed by the Board of Directors and approved annually by the General Meeting of Shareholders, based on actual business performance.
This approach ensures shareholder interests while enabling BIC to sustain its charter capital growth in a manner aligned with long-term development requirements and market competition trends. With a charter capital exceeding 2,020 billion VND, BIC has become one of the four non-life insurance companies with the highest charter capital in the market. This is a vital foundation for the company to continue expanding its scale, enhancing financial capacity, and reinforcing its leadership position in the coming years.
Prime Minister: Logistics Growth Must Outpace GDP by 1.5 Times, Drastically Cutting Costs
Logistics, hailed as the lifeblood of the economy, has been thrust into the spotlight by Prime Minister Phạm Minh Chính. He has set ambitious targets for the sector, demanding annual growth of 15-16%, a contribution of 6-7% to GDP, and a reduction in logistics costs below the current 16%.
Hanoi Sets Ambitious 11% Growth Target for 2026
On November 26th, the Hanoi People’s Council, term 2021-2026, convened its 28th regular session.
Elevating Vietnam’s Digital Transformation: Văn Phú Joins Forces with the “Fly with VNeID” Campaign
In the pursuit of crafting sustainable, human-centric living spaces and integrating technology into urban life, Van Phu Real Estate Development JSC continues to demonstrate its role as a pioneering enterprise by partnering with the RAR Center, Ministry of Public Security, in the national communication campaign “Fly with VNeID.” Van Phu’s participation goes beyond mere communication efforts, actively contributing to the national goal of achieving a digital government, digital citizens, and a digital society by 2030.
Over 1.7 Million Customers Receive Payment Risk Alerts
The State Bank has implemented a range of digital solutions to enhance system security, manage customer data effectively, and combat high-tech crime.
Non-Life Insurance Enters a Season of Profit Boom
The non-life insurance market has just concluded its most spectacular quarter of the year. Numerous companies have seen profits surge exponentially, with some not only breaking even but also securing substantial gains.
