Viet Nam National Aviation Insurance Corporation adopts double profit plan

Viet Nam National Aviation Insurance Corporation (VNI)’s annual General Assembly of Shareholders has recently approved the business plan of 2017 which is absolutely breakthrough.

Accordingly, Gross Revenue reaches VND770 billion with Growth rate of over 40%, net Profit increases 2.6 times compared to 2016, expanding network to 30 insurance companies members. Previously, in May 2017, VNI has been licensed to increase chartered capital from 500 billion to 800 billion by the Ministry of Finance in order to increase capital and insurance business capacity.

In 2016, VNI’s Gross Revenue reached VND551.49 billion, gaining 106.5% of the year plan, Growth rate was 44% and Income from financial activities was achieved over VND47.5 billion, increasing 55% compared to 2016, Loss ratio was 30.2% lower than market ratio 35.3%.