Baoviet was established on 15 January 1965, and is the leading financial-insurance group in Vietnam. It has been accredited as one of the top 25 enterprises in the country by the State Government. 2013 is the third year of implementation of the strategic plan 2011-2015, which focused on building on Vietnam, "A Bao Vietnam - A new platform", creating preconditions for the transition of business models and create momentum for growth in revenue and profit in the next period. "One Baoviet - A new foundation" was built on the basis of a unified Baoviet brand, with foundation of modern information technology, staff competency, enthusiasm, professionalism and increasingly high efficiency in business activities to meet the diverse needs while providing outstanding customer service, increased benefits for shareholders, the employees as well as making a positive contribution to the community.
*** The company is headquartered in Hanoi with a widespread network of more than 150 branches across 63 provinces nationwide. Baoviet was the first insurance company incorporated in Vietnam. Baoviet was granted the Second-rank Independence Medal by the Party and the State on the eve of its 45 years establishment, in January 2010. BVQI (UK) accredited Baoviet with the quality management ISO 9001:2000 certification in August 2001, and ISO 9001:2008 certification in 2009.
The company was listed on the Ho Chi Minh City Stock Exchange in June 2009. Today, the group provides a comprehensive range of financial services, including insurance, banking, fund management, securities and investments. As at 31 December 2010, the group has net assets of nearly VND10,668bn. HSBC was Baoviet’s first sole foreign strategic partner, but has since officially ceded ownership of its 18% stake in the group to Japanese’ Sumitomo Life Insurance Group (Sumitomo Life) from 20th December 2012 .