On November 26th, 2024, at the head office of PVI Tower , Pham Van Bach Street, Yen Hoa, Cau Giay; PVI Holdings held the fourth Board of Directors' meeting in 2024 with the participation of PVI Board of Directors' members, Board of Management, Supervisory Board and representatives of member units, centers and related functional Divisions.

At the fourth Board of Directors' meeting in 2024, the Board of Directors' members discussed and proposed important solutions to promote business activities, strengthen governance, and improve the efficiency of financial investment activities. The Board of Directors discussed human resources at PVI and its member units in addition to updating on internal audit, compliance and risk management.

The Board of Directors highly appreciated the results achieved by the entire PVI system in the first 9 months of 2024 and approved the estimated implementation of the business plan for the whole year 2024. Specifically, in the first 9 months of 2024, the entire PVI system exceeded the plan for the targets of Revenue and Consolidated Pre-tax Profit assigned by the Board of Directors with the rates of 130% and 115.65% respectively. Consolidated revenue for the first 9 months reached VND 16,727 billion, an increase of 40.95% over the same period last year, completing 96% of the annual plan. Although the forecast for the world and Vietnam's economic situation is not as positive as expected, and the entire Insurance market suffered heavy losses from the historic storm Yagi, the entire PVI system still strived to complete the 2024 Business Plan approved by the General Meeting of Shareholders. 

PVI's consolidated business results include the operating results of its subsidiaries, PVI Opportunity Investment Fund and PVI Infrastructure Investment Fund. Insurance business, PVI's core business, still ensures strong growth, with original insurance revenue reaching VND 10,629 billion, completing 120.52% of the 9-month plan.
In August 2024, PVI Insurance was approved by the Ministry of Finance to increase its charter capital from VND 3,500 billion to VND 3,900 billion in Official Dispatch No. 63/GPDC24/KDBH, this is the second charter capital increase in just the past 5 months. Previously, on March 29, 2024, PVI Insurance was also granted a business license to increase its charter capital from VND 3,300 billion to VND 3,500 billion. Thus, PVI Insurance's "number 1" position in the non-life insurance market in terms of capital scale, revenue, and market share continues to be firmly consolidated.

In the field of reinsurance: PVI's reinsurance arrangement activities also had strong growth from the beginning of 2024 with a strategy of expanding the international market on the principle of ensuring safety and efficiency with reinsurance revenue reaching VND 4,772 billion, completing 154.5% of the 9M2024 plan and growing 115% over the same period last year.

The financial market in the first 9 months of 2024 recorded a slight increase in deposit interest rates despite the scarcity of investment opportunities. However, with the investment portfolio structure being flexibly adjusted since the beginning of 2024, PVI has been able to mobilize a relatively large amount of investment capital with favorable interest rates, ensuring the expected investment profit for the whole year of 2024. Consolidated investment activities brought in a gross profit of VND 683 billion.
During the meeting, the Board of Directors also discussed senior personnel work at PVI and its member companies, internal audit and risk management, as well as the 5-year business plan for 2024-2029.

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