VBI transforms organizational structure

In Hanoi, on October 3rd 2016, VietinBank Insurance (VBI) held a launching event of the new organizational structure. Mr. Le Tuan Dung – CEO of VBI, Mr. Nguyen Hong Phong – Deputy General Director as well as all managers and staffs across all departments and branches of VBI in Vietnam participated in the event.

In the event, Mr. Le Tuan Dung – CEO of VBI stated: “With the purpose of enhancing competitive and managerial capacity, today, VBI officially implements a transformed structure towards privatization in order to meet the progress of the company. In the near future, VBI will continually renovate the administration, develop and diversify series of services and products significantly improve modern technology, sale and post-sales service systems.

VBIMr. Le Tuan Dung – CEO of VBI beating a Gong to launch the new organizational model

VBI’s performance in the first 9 months of 2016 reflects its several breakthrough developments, marked by the business efficiency. The direct premium of VBI that time was estimated to be VND460 billion, increased 46% against the same period last year. VBI’s 9-month accumulated profit was VND48 billion. In 2016, the planned premium of VBI was beyond VND800 billion, increased 50% against 2015.

With the business strategy of speedy and sustainable development, in 2016, VBI will continue to make significant breakthroughs in supplying all-in, flexible insurance products and financial services, in order to accomplish strategic goal of structure transformation which will enhance business effectiveness and create value added for customers, and in an aim of leading the retail segment of Vietnam’s insurance market.