In June 7, 2024, at the headquarters of HDI Global SE in Hannover, Germany;  PVI Holdings organized the second Board of Directors meeting in 2024 with the participation of Board of Directors’ members, Board of Management, and Board of Supervisors. In Hanoi, Vietnam, there was the participation of representatives of member units and affiliated centers and relevant functional departments.

At the second Board of Directors meeting in 2024, Board members discussed and proposed important solutions to promote business activities, strengthen governance, and improve investment efficiency. The Board of Directors discussed about human resource work at PVI and its member units in addition to updating internal audit work, compliance & risk management as well as listening to the Board of Management report on implementation of PVI's sustainable development action program in the first 3 months of the year.

The Board of Directors highly appreciated the results achieved by the entire PVI system in the first 3 months of 2024 and approved the estimate to implement the business plan for 6 months and the whole year 2024. Specifically, at the end of the first quarter of 2024, the entire PVI system exceeded the plan for the consolidated Revenue and Pre-Tax Profit targets assigned by the Board of Directors at the rates of 137% and 143%, respectively. Consolidated revenue in the first quarter reached 6,478 billion VND, growing 50% over the same period last year, completing 37.2% of the year plan. Although the forecast of the world and Vietnam economic situation is not as positive as expected, the entire PVI system still believes that it will complete the 2024 business plan approved by the General Meeting of Shareholders with total estimated revenue and profit before tax of 117% and 109.8% respectively.

PVI's consolidated business results include operating results from subsidiaries, PVI Opportunity Investment Fund and PVI Infrastructure Investment Fund. Insurance business is PVI's core activity and still ensures strong growth, primary insurance revenue reached 4,192 billion VND, completing 117% of the 3T plan, Gross profit of insurance business activities reached 360 billion VND, an increase of 48% over the same period last year, because PVI always has its own innovations and paths in services, management solutions and product distribution methods even though the insurance market in 2024 continues to continues to record an increase in compensation costs and competitive prices domestically and internationally from HDI V.a.G.

On March 29, 2024, PVI Insurance was 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, continuing to be a non-life insurance corporation with largest charter capital in Vietnam market.

In the field of reinsurance: PVI's reinsurance arrangement activities also have strong growth from the beginning of 2024 with a strategy to expand international markets on the principle of ensuring safety and efficiency with revenue. Reinsurance revenue reached 1,870 billion VND, completing 233% of the Q1.2024 plan and growing 64% over the same period last year.

The financial market in early 2024 recorded a significant decrease in deposit interest rates and a scarcity of investment opportunities. However, with the investment portfolio structure having been flexibly adjusted since the beginning of 2023, PVI has taken advantage of a relatively large amount of investment capital at favorable interest rates, ensuring investment profit expectations. investment for the whole year 2024. Consolidated investment activities brought a gross profit of 218 billion VND, an increase of 3.7% over the same period last year.

Regarding governance, PVI will implement and improve management, compliance monitoring, transparent governance, and strengthen systemic risk management. At the same time, improve professionalism in insurance/reinsurance business, investment and fund management based on the principles of effective business, capital preservation and sustainable growth, continuing to maintain the leading position in Vietnam non-life insurance market in terms of professional efficiency.