AsemconnectVietnam - Sharing at the recent General Meeting of Shareholders, Bao Minh's representative said that SCIC is currently submitting to the Government a proposal to divest capital from state-owned enterprises, but proposes to continue holding capital in Bao Minh in the period 2021-2025.

The final result will be decided by the Prime Minister, but in 2023, SCIC will still accompany Bao Minh.
Regarding the business results of the first quarter of 2023, the representative of this insurance company said that the revenue is estimated to increase by 8% over the same period, about VND50 billion short of the average progress of the 2023 business plan that the Board of Directors is currently submitting to the General Meeting of Shareholders; expected profit will reach the set plan.
Regarding the business situation in the second quarter of 2023, Bao Minh's representative assessed that there will be many challenges because of macroeconomic fluctuations and a lot of negative information recently reported by the media, which will have a certain impact on insurance market in general and non-life insurance in particular.
According to Mr. Dinh Viet Tung - Chairman of the Board of Directors of Bao Minh, 2023 is a very difficult year with many unpredictable challenges, the second and third quarters of 2023 have found it very difficult, but the Board of Directors still submitted to the General Meeting of Shareholders a plan to increase revenue growth of 7%, dividend is still committed to pay 10% in 2023.
The main targets for 2023 that Bao Minh set is total revenue of VND6,750 billion; pre-tax profit reached VND375 billion, up nearly 10% over the same period last year; Profit after tax/equity ratio is at least 10%.
N.Nga
Source: VITIC/Tinnhanhchungkhoan