08:05 (GMT +7) - Monday 22/10/2018

BUSINESS SPOTLIGHT

BIC awarded Vietnam Excellent Brand for the 8th time

Released at: 14:44, 03/05/2018 Vietnam golden dragon awards & Vietnam Excellent Brand Awards

BIC awarded Vietnam Excellent Brand for the 8th time

Photo: VET

Local insurance company named as an excellent brand for 8 consecutive years.

by Khanh Chi

BIDV Insurance Corporation (BIC) was honored with the Vietnam Excellent Brand 2017 award at The Golden Dragon awards and at the Vietnamese Excellent Brands Festival 2017 – 2018 which was organized by the Vietnam Economic Times. This was the 8th time BIC has received the prestigious award.

The Golden Dragon awards and the Vietnamese Excellent Brands Festival have been organized by the Vietnam Economics Times since 2001. The festival aims to encourage enterprises that have developed rapidly, contributed to social and community activities, protected the environment, ensured employee rights and have outstanding performances in business operation. Sixty-two foreign enterprises were presented with Golden Dragon Awards and 100 domestic enterprises were recognized as Vietnam Excellent Brands at this year’s ceremony.

Although Vietnam's non-life insurance market has had to face many challenges and difficulties in 2017, BIC was still able to achieve positive business results. Consolidated premium revenue increased by 9.9 per cent, consolidated pre-tax profit rose by 12.6 per cent, and separate pre-tax profit reached VND213 billion ($9.4 million), an increase of 54.3 per cent.

Being honored with the Vietnam Excellent Brand for the 8th time affirms BIC’s efforts and successes for their 12 years of operations. This award will encourage BIC to continue improving its operations and customer service so it can continue asserting and developing its brand in the Vietnamese insurance market.

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