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Tag: SCIC
Sumitomo Life targets larger share in Vietnam’s major insurer 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

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 investment arm SCIC plans to invest big in Vietnam Airlines

Vietnam investment arm SCIC plans to invest big in Vietnam Airlines

The investment would be a long-term one as profit is not expected in a short period of time.
Vietnam parliament OKs to bail out carrier Vietnam Airlines

Vietnam parliament OKs to bail out carrier Vietnam Airlines

The State Bank of Vietnam would provide refinancing loans for Vietnam Airlines to maintain current operation.
Losses of national flag carrier Vietnam Airlines are less than expected

Losses of national flag carrier Vietnam Airlines are less than expected

In 2020, Vietnam Airlines operated 96,500 flights, down 48% year-on-year amid the Covid-19 crisis.
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