ANTD.VN - On January 30, 2024, Bao Viet Group announced its 2023 business results (before auditing), accordingly, the Parent Company and its member units recorded positive growth with total consolidated revenue reaching VND 57,899 billion, up 6.2% compared to 2022, completing the yearly plan.
Consolidated profit after tax reached VND 1,798 billion, up 10.6% compared to 2022, completing 112% of the year plan.
Total consolidated revenue in 2023 reached VND 57,899 billion, up 6.2% compared to 2022. Consolidated pre-tax and after-tax profits reached VND 2,160 billion and VND 1,798 billion, respectively. The group's consolidated after-tax profit completed 112% of the annual plan, up 10.6% compared to 2022. Total consolidated assets as of December 31, 2023 were nearly 9 billion USD, equivalent to VND 221,206 billion, up 9.7% compared to December 31, 2022.
The Parent Company's total revenue reached VND 1,577 billion, profit after tax reached VND 1,120 billion, increasing by 1% and 1.6% respectively compared to 2022. The Parent Company's total assets reached VND 18,371 billion, equity reached VND 17,672 billion as of December 31, 2023.
In 2023, Bao Viet Group paid cash dividends at a rate of 9.54% on the par value of shares, equivalent to a total payment of more than VND 708 billion to shareholders. Thus, the total amount of dividends paid to shareholders of BVH since equitization (2007) to date has reached VND 12,400 billion. With strong financial potential, leading capital and asset scale among insurance companies, Bao Viet always fulfills its commitments to shareholders, increasing value for investors.
 |
Non-life insurance business sector achieved total revenue of VND 11,804 billion, up 5.2%
By the end of 2023, Bao Viet Insurance Corporation's total revenue will reach VND 11,804 billion, up 5.2%; profit after tax will reach VND 275 billion, up 12.1% compared to 2022.
Steadfast in its journey to affirm its Vietnamese Brand - International Value, Bao Viet Insurance has achieved many successes in building its system and continuously improving to bring practical benefits to customers. Currently, Bao Viet Insurance is implementing a variety of health insurance solutions, providing customers with many flexible options with the largest hospital fee guarantee system including more than 245 highly specialized medical facilities, present in most provinces and cities across the country.
In 2023, Bao Viet Insurance is proud to launch BAOVIET GO, built on the advanced Insurtech technology platform, helping to record important information about the journey and factors related to the health and mental state of the driver. With the orientation of putting customers at the center, actively innovating to increase utilities and maximize customer experience, Bao Viet Insurance continues to be honored by domestic and international organizations with many prestigious awards. In 2023, Bao Viet Insurance is proud to receive 02 important awards from Asian Insurance Magazine: Domestic General Insurer of the Year - Vietnam (Domestic Insurance Brand of the Year in Vietnam) and New Insurance Product of the Year - Vietnam (New Insurance Product of the Year in Vietnam).
 |
Life insurance business sector achieved total revenue of VND 44,713 billion, up 7.3%
Bao Viet Life Corporation recorded a positive growth of 7.3% in total revenue, reaching VND 44,713 billion. Bao Viet Life continues to lead in total life insurance premium revenue. Profit after tax reached VND 1,068 billion, up 9.6% compared to 2022.
In 2023, facing the common difficulties of the entire life insurance industry, Bao Viet Life has proactively promoted service quality, taking customer benefits as the focus of all activities, and at the same time implementing many customer care programs such as: Jubilant gifts - happy birthday, An fulcrum - solid future, Increase protection - free premiums...
In addition, Bao Viet Life has actively implemented social security programs and created values for the community, such as: Happy gifts to school, For a beautiful Vietnam, International Yoga Day, Bicycle Fund for Dreams... giving more than 5,000 bicycles, 6,000 backpacks, 11,000 meaningful gifts to poor and excellent students across the country. Bao Viet Life's social security programs are supported and accompanied by central and local leaders.
In 2023, Bao Viet Life is honored to be the 7th leading "Prestigious Life Insurance Company in Vietnam" and 5 years "Best Workplace in Asia".
Securities business sector achieved positive results
In 2023, Bao Viet Securities Company (BVSC) will achieve VND 870 billion in revenue and VND 158 billion in profit after tax (actual data) .
2023 can be considered the year of increasing BVSC's "customer experience", with BVSC establishing the Digital Customer Care and Development Center, opening the 1900 1018 order receiving switchboard, continuously improving products and designing attractive promotional programs, fee incentives, and margin interest rates. BVSC Mobile application continues to be supplemented and upgraded with comprehensive features, flexible interface changes, especially the webinar series "Pit-stop Wednesday" is deployed for the first time as an online investment consulting channel to improve the quality of customer service.
In addition, BVSC continues to maintain its position as the leading securities company brand in the market in many aspects through the awards: Outstanding financial brokerage service, Outstanding technology and digital transformation product at the Vietnam Financial Advisory Summit 2023, Top 100 Sustainable Enterprises, "Outstanding M&A Consultant for the period 2009 - 2023" at the Vietnam M&A Forum 2023, Top 100 Best Workplaces in Vietnam and Top 1 in the Financial Services industry.
Fund management sector continues to record steady growth
Bao Viet Fund Management Company (BVF) demonstrates its role as one of the leading fund management companies in the industry with growth in both asset management scale, business results and investment. As of December 31, 2023, BVF's total net assets under management reached VND 125,284 billion, an increase of 14.9% compared to December 31, 2022. BVF's total revenue in 2023 reached VND 157.3 billion, profit after tax reached VND 61.3 billion; growth of 17.9% and 21.4% respectively compared to 2022.
Along with the recovery of the stock market, the performance of open-end funds grew positively in 2023. All three open-end funds of BVF scored particularly well with growth performance exceeding the growth of the reference index. Specifically, for open-end funds investing in stocks, Bao Viet Dynamic Stock Investment Fund (BVFED) achieved a performance of 20.6%, exceeding the growth rate of the VN30 index by 63%. Bao Viet Prospective Stock Investment Fund (BVPF) achieved a performance of 14.9%, exceeding the growth rate of the VN-Index by 22%. Bao Viet Bond Investment Fund (BVBF) achieved a performance of 8.7%, higher than the 6-month deposit interest rate of some commercial banks.
In addition, although it was only launched in the second half of 2023, BVF's BVFVN Diamond ETF (BVFVND) still closely follows the growth rate of the VNDIAMOND simulation index with a tracking error of 0.67%. The VNDIAMOND index is an index with outstanding potential for leading stocks. In 2023, the VNDIAMOND index reached 1,803.50, an increase of 14.7%. In 2024, with the growth prospects of the stock market as well as the Vietnamese economy, BVF expects to attract more potential domestic and foreign investors to invest in the BVFVND fund, contributing to increasing BVF's total assets under management, towards the goal of becoming a fund management company with the largest total assets under management in the Vietnamese market.
Source link
Comment (0)