PVI Insurance Corporation (PVI Insurance) has just been approved by the Ministry of Finance to increase its charter capital from VND 3,300 billion to VND 3,500 billion in official dispatch No. 63/GPĐC23/KDBH dated March 29, 2024. Accordingly, PVI Insurance continues to be a non-life insurance enterprise with the largest charter capital in the Vietnamese market.

This increase in charter capital is part of PVI Insurance's development strategy to improve financial capacity, create favorable conditions for the process of expanding its operating network, investing in facilities & technology, and diversification of products and services to better meet the increasing needs of customers. This is also the strongest affirmation for the sustainable, long-term and customer-focused development of PVI Insurance.

This new charter capital amount also affirms PVI Insurance's position as the No. 1 enterprise in Vietnam's non-life market, along with the A-(excellent) financial credit rating from AM Best to help PVI Insurance gradually and firmly penetrate the international insurance market.

Having undergone significant restructuring, PVI Insurance is the successful harmony of regional and global reputable brand names: Petrovietnam – Vietnam’s largest economy group; HDI Global SE (operating since 1903 and presence in over 150 countries) - the leading financial and insurance groups from Germany; and IFC (International Finance Corporation) – a member of World Bank group.