Vietnamese insurers
deploy their troops overseas
The Foreign Investment Agency (FIA) has
noted the growing tendency of Vietnamese businesses making outward investment
when the domestic market has become narrower for them.
Two Vietnamese enterprises have pioneered in exploiting
the Lao market, including BIC, which in 2008 set up LVI joint venture with
the
LVI is now the second biggest insurance company in
Following the impressive success of LVI, BIC has
recently asked for the Ministry of Finance’s permission to increase its
capital contribution in the joint venture. BIC plans to buy the 14 percent of
stakes from the
PTI has also reported a successful business year in
2012 with Lane Xang, which has the fastest growth rate in
According to Lai Manh Quan, General Director of Lane
Xang,
A report showed that
According to Cao Minh Son, CVI’s
Second, Cambodian is a fast growing economy, and there
are still few big international insurers.
And third, there is no limitation on the foreign
ownership ratio in the finance service sector in
Vietnamese investors have also been nimble enough to
set foot in the golden unexploited land. BIDV Bank, PetroVietnam, Hoang Anh
Gia Lai, Simco Song Da, Viglacera, Vina Capital, ASV Pharma, Vietnam Airlines
and the military telecom group Viettel all have arrived there to seek their
opportunities.
The “golden opportunities” that analysts say are the
unexploited industries, with 90 percent of industrial goods being fed by the
imports. .Meanwhile, other important sectors such as service, healthcare
service and finance remain underdeveloped.
BIDV has opened its representative office in Yangon,
the biggest city of
Source: TBKTVN
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Thứ Tư, 12 tháng 6, 2013
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