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Tag: Bao Viet
Sumitomo Life targets larger share in Vietnam’s major insurer Bao Viet
In case of completing the deal, the Japanese company would raise its stake in Bao Viet to 22.09% and remains the Vietnamese insurer’s second largest shareholder.
Sumitomo Life spends US$173 million for 5% stake of Vietnamese insurer Bao Viet
Under the deal, Sumitomo Life raised its shareholding at Bao Viet from current 17.48% to 22.09%.
Vietnam insurance market grows 20.5% in 2019
This is the sixth year in a row that the Vietnam insurance market has achieved a premium growth rate of over 20%.