Bao Viet Group (BVH): Consolidated profit in the first quarter of 2025 increased by 14.6%

Bao Viet Group announced its business results for the first quarter of 2025 with total consolidated revenue reaching VND 14,381 billion, up 2.2%; profit after tax reaching VND 707 billion, up 14.6%.

Bao Viet Group announced its business results for the first quarter of 2025 (before audit), according to which the Parent Company and its member units recorded positive growth with total consolidated revenue reaching VND 14,381 billion, up 2.2%; profit after tax reaching VND 707 billion, up 14.6% over the same period in 2024. Total consolidated assets as of March 31, 2025 reached nearly 10 billion USD, equivalent to VND 255,817 billion, up 1.8% compared to December 31, 2024.

The Parent Company's total revenue reached VND 445 billion, profit after tax reached VND 316 billion, up 11.3% and 9% respectively over the same period in 2024. The Parent Company's total assets reached VND 18,527 billion, equity reached VND 18,387 billion as of March 31, 2025, a slight increase compared to December 31, 2024.

Bao Viet Group announced its business results for the first quarter of 2025 , with consolidated profit after tax reaching 707 billion VND.

Insurance business sector grows well in business efficiency

Non-life insurance business: By the end of the first quarter of 2025, Bao Viet Insurance Corporation's total revenue reached VND 3,171 billion, up 5.5%. Profit after tax reached VND 100 billion, a positive growth of 18.9% over the same period in 2024.

In the context of the strong recovery of the economy and insurance market in the first quarter of 2025, Bao Viet Insurance has achieved many successes in the goal of expanding its domestic and foreign customer base, improving its scale of operations, and gradually affirming its leading position in the non-life insurance sector in Vietnam. The company's digital transformation efforts have also been recognized with the application of Baoviet Direct being honored with the Sao Khue Award 2025 - a milestone showing its steadfast commitment to improving customer experience. In 2024, the Company was honored to receive the Government's National Brand Award in the non-life insurance sector, along with the title "60 years of Outstanding Achievements - Vietnam Insurance Industry" awarded by Global Banking & Finance Review, affirming its pioneering position and commitment to sustainable development in the market.

In particular, from April 15 to June 30, 2025, the incentive program " Travel with peace of mind - Reach out to connect" officially launched, giving away 4,000 international eSIMs to customers participating in Flexi travel insurance, helping to connect globally easily with just one mobile device. Flexibility in solutions, market understanding and long-term commitment have made Bao Viet Insurance brand the top choice in the insurance sector in Vietnam. With financial insurance solutions that optimize benefits, Bao Viet Insurance is proud to accompany millions of customers for 60 years, recognized for quality, service and reputation. Customers can participate in online insurance at baovietonline.com.vn, call 1800 1118 / 024 35730505, or contact the system of member companies / Bao Viet Insurance agents nationwide to receive advice and update the latest news on products, services and insurance market trends.

Life insurance business : By the end of the first quarter of 2025, Bao Viet Life Corporation recorded total revenue of VND 10,885 billion, an increase of 1.9%. Profit after tax reached VND 479 billion, a high growth compared to the same period in 2024.

Insurance business sector grows well in business efficiency

In early 2025, in order to meet the increasingly diverse protection needs of Vietnamese people, Bao Viet Life launched two joint insurance products, An Tam Hoach Dinh and An Khang Nhu Y, with insurance benefits of up to 25 billion VND and long-term savings benefits. In addition, in April, at the 2025 Asia Economic Cooperation Forum (Shanghai - China), Bao Viet Life Corporation was officially honored in the Top 10 Outstanding Asian Enterprises 2025 of the Asia Award 2025 Ceremony.

On April 26, 2025, Bao Viet Life solemnly held a flag-raising ceremony at the Km 0 Ho Chi Minh Road milestone, the revolutionary homeland of Cao Bang, promoting national pride and officially launching a series of educational welfare activities in 2025. The flag-raising ceremony organized by Bao Viet Life was awarded a certificate by the Vietnam Record Organization for the record "The flag-raising ceremony and singing of the National Anthem at the Km 0 Ho Chi Minh Road milestone, starting point in Cao Bang, with the most students participating". Also in the series of meaningful activities with the theme "Vietnamese Pride", Bao Viet Life has been accompanying the art exhibition "Song of Unification" held at Thong Nhat Park and the Vietnam Military History Museum. This is an event imbued with the spirit of gratitude for history and looking back to the nation's roots, held to celebrate the 50th anniversary of national reunification, the 50th anniversary of the Liberation of Truong Sa and the 70th anniversary of the Founding of the Vietnam Navy. Bao Viet Life wishes to contribute to spreading faith, pride and national identity to the community - especially the young generation, who will follow the Vietnamese spirit in the era of rising up.

The fund management sector offers many programs to promote business activities.

At the end of the first quarter, the total net assets under management of Bao Viet Fund Management Company (BVF) continued to grow well, reaching nearly VND 144,000 billion, up 2.5% compared to December 31, 2024; total revenue reached VND 49.2 billion, up 10.7% over the same period in 2024, profit after tax reached VND 24.7 billion, up 12%.

Although the Vietnamese stock market in the first quarter of 2025 recorded many fluctuations, open-end funds managed by Bao Viet Fund Management Company (BVF) still maintained a cautious and flexible investment strategy. Thanks to that, the funds achieved higher growth than the market average and closely followed the benchmark index. As of March 31, 2025, BVF's total assets under management (AUM) reached VND 143,722 billion, an increase of 2.5% compared to the end of 2024. In order to improve the experience and increase flexibility for investors, BVF has adjusted the trading policy for two open-end equity funds, BVFED and BVPF. Accordingly, both funds are now traded daily, and a minimum investment of only VND 100,000 is applied for all investments, helping investors easily access and allocate capital more effectively.

The securities sector started with efforts to overcome market challenges.

In the first quarter of 2025, Bao Viet Securities Company (BVSC) achieved VND 179 billion in revenue and VND 42 billion in profit after tax. Continuously improving mobile apps and web trading has brought a seamless and convenient investment experience to customers and investors. Bao Viet Securities launched a promotion program for new investors in 2025. With the relentless efforts to bring attractive promotions to customers and encourage investment participation, BVSC officially launched the program "Open an account immediately - Receive investment gifts immediately" as a meaningful welcome for first-time investors joining BVSC. All customers opening a new account online using the BVSC INVEST application or B-Wise Web trading during the promotion period will immediately receive VND 100,000 in their account when successfully logging into the online trading system and enjoy a preferential transaction fee of 0.15%.

Phuong Hanh

Source: https://congthuong.vn/tap-doan-bao-viet-bvh-loi-nhuan-hop-nhat-quy-i2025-tang-truong-146-386065.html