On July 25th, 2023, at the Headquarters of PVI Tower, PVI Holdings successfully held a conference to review business activities in the first 6 months of 2023 and implement the second half of 2023. Mr. Nguyen Xuan Hoa – Standing Vice Chairman of PVI's Board of Directors/CEO and Mr. Duong Thanh Danh Francois - Vice Chairman of PVI's Board of Directors chaired the meeting. Attending the conference were Mr. Doan Linh - Member of the Board of Directors of PVI, Head of Supervisory Board, Board of Management, Directors of Departments/Centers under PVI Holdings and leaders of member companies in PVI system, including: PVI Insurance Corporation, PVI Reinsurance Corporation, PVI Asset Management.

By the end of 02/2023, the whole PVI system has exceeded the business plan targets assigned by the Board of Directors/AGM: Consolidated revenue in 6M reached 7,950 billion VND, increasing 7% over the same period last year, completing 59% of the year plan, the consolidated 6-month profit before tax reached 694 billion VND, increasing 32% compared to the same period last year, of which accounting for a large proportion of the profit structure was financial investment, accounting for 72%.

Investment activities continue to bring the main source of profit for the whole system. Financial investment revenue of the whole system reached 661 billion VND, an increase of 260 billion VND (65%) over the same period, reaching 151% of the 6M plan and completing 67.8% of the year plan due to the benefit from the deposit interest rate. movement continued to remain at a high level. Consolidated investment activities brought in a gross profit of 502 billion VND, an increase of 179 billion VND (55%) compared to the same period last year, resulting from a reasonable portfolio arrangement, quick decision-making timely response to market fluctuations.

Closing the first 6 months of the year, with impressive business results, PVI Insurance firmly maintained the No. 1 position in the market with total revenue of 7,252 billion VND, completing 113.5% of the 6-month plan; Pre-tax profit reached 350.8 billion VND, completing 127.7% of the 6-month plan. In February 2023, PVI Insurance marked a new milestone for Vietnam's insurance market as it was the first and only enterprise to receive an A- (excellent) credit rating from A.M. Best. Besides, with positive effect, PVI Insurance was honored to receive the Most Innovative Non-life Insurance Corporation Award in Vietnam voted by IFM magazine (UK) and Top 10 prestigious Non-life Insurance Enterprises in Vietnam in 2023.

PVIRe also had strong growth right from the beginning of 2023 with 6M revenue at the beginning of the year reaching 1,419 billion VND, an increase of 70 billion VND (5%) compared to the same period last year. During the evaluation period, A.M.Best confirmed that PVI Re's financial strength rating is B++(Good), the issuer's long-term credit rating is bbb. The outlook of the company's financial capacity and credit capacity is stable.

In the first 6 months of 2023, the Board of Directors reviewed, revised and updated the Internal Audit Regulations, Salary and Bonus Regulations to suit the actual situation; as well as promulgating the Declaration of Risk Appetite in 2023 and promulgating the Data Management Regulation to improve governance and enhance information security. The Board of Directors directed the Board of Management to operate in accordance with the provisions of law, the Charter of PVI and strictly comply with the Resolutions of the General Meeting of Shareholders and the Board of Directors; promote activities to improve the efficiency of the management and supervision system throughout PVI such as consolidating senior personnel, restructuring, and perfecting the corporate governance model.

All the achieved results have recognized the efforts of all employees and the responsibility of key officials in the whole system. On that basis, PVI's Board of Directors made specific guiding statements for each subsidiaries/center in order to orient the plan and implement solutions in the third quarter of 2023, striving to successfully complete the tasks. Targets for the year 2023 assigned by the Board of Directors/AGMS.