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

Total consolidated revenue in the first quarter of 2025 reached VND 14,381 billion, up 2.2% over the same period in 2024. Consolidated pre-tax and after-tax profits reached VND 872 billion and VND 707 billion, up 17.6% and 14.6%, respectively. Total consolidated assets as of March 31, 2025 reached nearly USD 10 billion, 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.

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 field of non-life insurance in Vietnam.

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.

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%.

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%.

Source: https://thoibaonganhang.vn/tap-doan-bao-viet-loi-nhuan-hop-nhat-quy-i2025-tang-truong-146-163586.html