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<td>MIC 的交易辦公室客户。 — 圖片由公司提供</td>
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<p>河內 — 越南的保險行業正經歷一波戰略資本擴張，增強了投資者信心，並重新激發了對保險股票的興趣。</p>
<p>主要參與者正在積極籌集資金，以加強其財務基礎，標誌着向長期增長和市場韌性的轉變。</p>
<p>值得注意的是，郵政與電信保險公司（PTI）成功發行了 4020 萬股股票，將其註冊資本增加到超過 12 萬億越南盾（4700 萬美元）。</p>
<p>這一舉措增強了 PTI 擴展業務運營的能力，提高了風險管理能力，並增強了保單持有人的財務安全。</p>
<p>同樣，軍事保險公司（MIC）已啓動公開發行，計劃在 2025 年初籌集額外資本。</p>
<p>在 2024 年 12 月 10 日，MIC 完成了其 2024 年公開發行的股東名單，發行 2590 萬股 MIG 股票，每股價格為 10,000 越南盾。</p>
<p>發行比例為 15%，這意味着股東可以以每持有 100 股購買 15 新股。</p>
<p>此外，MIC 計劃向員工發行 286 萬股，支付時間為 2025 年 2 月 20 日至 3 月 5 日。</p>
<p>在已經發行 2590 萬股的情況下，完成員工股票計劃將使 MIC 的註冊資本從近 17.3 萬億越南盾增加到超過 20 萬億越南盾。</p>
<p>另一個重要的資本擴張來自 OPES 保險，該公司已獲得批准將其資本從 12.6 萬億越南盾增加到 19 萬億越南盾。</p>
<p>新資金的注入預計將使 OPES 能夠擴展其數字保險服務，利用技術吸引年輕和精通科技的保單持有人。</p>
<p>在 2024 年，PVI 保險公司在五個月內成功兩次增資，將其註冊資本增加到 39 萬億越南盾。</p>
<p>這些持續的資本增加是 PVI 保險的關鍵基礎，使其能夠增強財務能力並提高市場競爭力。</p>
<p>在 2024 年，三家非壽險公司獲得了財政部的原則性批准以增加其資本。</p>
<p>與此同時，九家非壽險公司申請增加其註冊資本，並獲得財政部的調整許可，總批准增資超過 39.6 萬億越南盾。</p>
<p><strong>重大變化</strong></p>
<p>最近，一個顯著的發展是航空保險（VNI）決定更名為 DBV 保險。</p>
<p>DBV 由持有 75% 股份的 DBI 保險集團支持，後者是韓國排名前兩的保險集團之一，DBV 旨在利用其優勢推動業務增長。</p>
<p>DBV 及其戰略股東 DBI 預計將在即將召開的股東會議上公佈突破性的業務發展戰略。</p>
<p>預計 DBV 將提出增加其註冊資本的計劃，特別是在其品牌重塑戰略和全國擴張的背景下，包括將一些單位從西貢 - 河內保險轉移，後者也由 DBI 持有 75% 的股份。</p>
<p>不僅是 DBV 或 BSH，DBI 在 PTI 中也是一個重要參與者，持有 37% 的股份。</p>
<p>這一在越南保險市場前所未有的情況涉及一家外國公司在三家國內保險公司中持有大量股份，所有這些公司在非壽險保費收入中均排名前十。</p>
<p>因此，該集團內的每一個舉動都引起市場關注，特別是 DBI 是否打算從 PTI 撤資，因為其作為主要股東的重大影響力。</p>
<p>在另一個發展中，法國跨國保險公司 AXA 集團最近與國有資本投資公司（SCIC）會面，雙方都是保明保險的主要股東。</p>
<p>AXA 代表分享了他們的全球增長戰略，包括在東南亞，特別是在越南擴展的計劃。</p>
<p>SCIC 和 AXA 就保明的發展方向達成共識，重點是增強財務資源、升級 IT 系統以及提升員工的培訓和能力。</p>
<p>到 2024 年底，保明的股東結構包括三大主要股東：SCIC 持有 50.7%，AXA 持有 16.65%，Firstland 持有 5.65%。</p>
<p>在 2 月 28 日，保明收到 Firstland 的通知，其持股比例降至 4.9%，不再符合主要股東的資格。</p>
<p>保明在成為越南第一家提供電影和活動保險產品的保險公司方面取得了重大進展。</p>
<p>它與 Circles Group 合作開發該領域的專業保險產品。</p>
<p>Circles Group 的亞太區發展總監 Kenneth Tan 表示，與保明合作將電影和活動保險引入越南是他們區域擴張戰略中的關鍵一步。 — BIZHUB/VNS</p>

麥格里基礎設施

每週浮息即期履行市政債免税 ETF - Invesco

<p>越南的保險行業正在經歷顯著的資本擴張，提升了投資者的信心和對保險股票的興趣。像 PTI 和 MIC 這樣的主要公司正在籌集資金，以增強其財務穩定性和增長潛力。PTI 已發行 4020 萬股，而 MIC 計劃進行公開募股以增加其資本。OPES 保險和 PVI 保險也在擴大資本以提高競爭力。此外，DBV 保險正在進行品牌重塑並制定增長戰略，而 AXA 集團則與 SCIC 合作，以提升 Bảo Minh 保險的能力。該行業正在通過電影和活動保險等創新產品不斷發展</p>

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<td>Customers at a transaction office of MIC. — Photo courtesy of the company</td>
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<td>MIC 的交易辦公室客户。 — 圖片由公司提供</td>
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</div><p>HÀ NỘI — Việt Nam’s insurance industry is experiencing a wave of strategic capital expansion, reinforcing investor confidence and driving renewed interest in insurance stocks.</p>
<div class="lb-trans"><p>河內 — 越南的保險行業正經歷一波戰略資本擴張，增強了投資者信心，並重新激發了對保險股票的興趣。</p>
</div><p>Major players are actively raising funds to strengthen their financial foundations, signalling a shift towards long-term growth and market resilience.</p>
<div class="lb-trans"><p>主要參與者正在積極籌集資金，以加強其財務基礎，標誌着向長期增長和市場韌性的轉變。</p>
</div><p>Notably, Post and Telecommunication Insurance Corporation (PTI) has successfully issued 40.2 million shares, increasing its charter capital to over VNĐ1.2 trillion (US$47 million).</p>
<div class="lb-trans"><p>值得注意的是，郵政與電信保險公司（PTI）成功發行了 4020 萬股股票，將其註冊資本增加到超過 12 萬億越南盾（4700 萬美元）。</p>
</div><p>This move strengthens PTI’s ability to expand its business operations, improve risk management capacity and enhance financial security for policyholders.</p>
<div class="lb-trans"><p>這一舉措增強了 PTI 擴展業務運營的能力，提高了風險管理能力，並增強了保單持有人的財務安全。</p>
</div><p>Likewise, Military Insurance Company (MIC) has embarked on a public offering, aiming to raise additional capital in the first months of 2025.</p>
<div class="lb-trans"><p>同樣，軍事保險公司（MIC）已啓動公開發行，計劃在 2025 年初籌集額外資本。</p>
</div><p>On December 10, 2024, MIC finalised the shareholder list for its 2024 public offering, issuing 25.9 million MIG shares at VNĐ10,000 per share.</p>
<div class="lb-trans"><p>在 2024 年 12 月 10 日，MIC 完成了其 2024 年公開發行的股東名單，發行 2590 萬股 MIG 股票，每股價格為 10,000 越南盾。</p>
</div><p>The offering ratio is 15 per cent, meaning that shareholders can buy 15 new shares for every 100 held.</p>
<div class="lb-trans"><p>發行比例為 15%，這意味着股東可以以每持有 100 股購買 15 新股。</p>
</div><p>Additionally, MIC plans to issue 2.86 million shares to employees, with payment from February 20 to March 5, 2025.</p>
<div class="lb-trans"><p>此外，MIC 計劃向員工發行 286 萬股，支付時間為 2025 年 2 月 20 日至 3 月 5 日。</p>
</div><p>With 25.9 million shares already issued, completing the employee share plan would raise MIC’s charter capital from nearly VNĐ1.73 trillion to over VNĐ2 trillion.</p>
<div class="lb-trans"><p>在已經發行 2590 萬股的情況下，完成員工股票計劃將使 MIC 的註冊資本從近 17.3 萬億越南盾增加到超過 20 萬億越南盾。</p>
</div><p>Another significant capital expansion comes from OPES Insurance, which has received approval to increase its capital from VNĐ1.26 trillion to VNĐ1.9 trillion.</p>
<div class="lb-trans"><p>另一個重要的資本擴張來自 OPES 保險，該公司已獲得批准將其資本從 12.6 萬億越南盾增加到 19 萬億越南盾。</p>
</div><p>The injection of new funds is expected to enable OPES to expand its digital insurance services, leveraging technology to attract younger and tech-savvy policyholders.</p>
<div class="lb-trans"><p>新資金的注入預計將使 OPES 能夠擴展其數字保險服務，利用技術吸引年輕和精通科技的保單持有人。</p>
</div><p>With PVI Insurance, in 2024, the company successfully raised its capital twice within a span of five months, increasing its charter capital to VNĐ3.9 trillion.</p>
<div class="lb-trans"><p>在 2024 年，PVI 保險公司在五個月內成功兩次增資，將其註冊資本增加到 39 萬億越南盾。</p>
</div><p>These continuous capital increases are a crucial foundation for PVI Insurance, allowing it to strengthen its financial capacity and enhance its competitiveness in the market.</p>
<div class="lb-trans"><p>這些持續的資本增加是 PVI 保險的關鍵基礎，使其能夠增強財務能力並提高市場競爭力。</p>
</div><p>In 2024, three non-life insurance companies received in-principle approval from the Ministry of Finance to increase their capital.</p>
<div class="lb-trans"><p>在 2024 年，三家非壽險公司獲得了財政部的原則性批准以增加其資本。</p>
</div><p>Meanwhile, nine non-life insurance companies applied for an increase in their charter capital and were granted licences for adjustments by the Ministry, resulting in a total approved capital increase of over VNĐ3.96 trillion.</p>
<div class="lb-trans"><p>與此同時，九家非壽險公司申請增加其註冊資本，並獲得財政部的調整許可，總批准增資超過 39.6 萬億越南盾。</p>
</div><p><strong>Significant changes</strong></p>
<div class="lb-trans"><p><strong>重大變化</strong></p>
</div><p>Recently, a notable development has been the decision of Aviation Insurance (VNI) to rebrand as DBV Insurance.</p>
<div class="lb-trans"><p>最近，一個顯著的發展是航空保險（VNI）決定更名為 DBV 保險。</p>
</div><p>Backed by DBI Insurance Group, which holds a 75 per cent stake and is one of the top two insurance groups in South Korea, DBV aims to leverage its advantages to drive business growth.</p>
<div class="lb-trans"><p>DBV 由持有 75% 股份的 DBI 保險集團支持，後者是韓國排名前兩的保險集團之一，DBV 旨在利用其優勢推動業務增長。</p>
</div><p>DBV and its strategic shareholder, DBI, are expected to unveil breakthrough business development strategies at the upcoming shareholders’ meeting.</p>
<div class="lb-trans"><p>DBV 及其戰略股東 DBI 預計將在即將召開的股東會議上公佈突破性的業務發展戰略。</p>
</div><p>It is anticipated that DBV will present a plan to increase its charter capital, especially in light of its rebranding strategy and nationwide expansion, including the transition of some units from Sài Gòn - Hà Nội Insurance, which is also 75 per cent owned by DBI.</p>
<div class="lb-trans"><p>預計 DBV 將提出增加其註冊資本的計劃，特別是在其品牌重塑戰略和全國擴張的背景下，包括將一些單位從西貢 - 河內保險轉移，後者也由 DBI 持有 75% 的股份。</p>
</div><p>Not only with DBV or BSH, but DBI is also a significant player in PTI, holding a 37 per cent stake.</p>
<div class="lb-trans"><p>不僅是 DBV 或 BSH，DBI 在 PTI 中也是一個重要參與者，持有 37% 的股份。</p>
</div><p>This unprecedented situation in the Vietnamese insurance market involves a foreign company holding large shares in three domestic insurance firms, all of which rank among the top ten in non-life insurance by premium revenue.</p>
<div class="lb-trans"><p>這一在越南保險市場前所未有的情況涉及一家外國公司在三家國內保險公司中持有大量股份，所有這些公司在非壽險保費收入中均排名前十。</p>
</div><p>Consequently, every move within this group attracts market attention, particularly regarding whether DBI intends to divest from PTI, given its significant influence as a major shareholder.</p>
<div class="lb-trans"><p>因此，該集團內的每一個舉動都引起市場關注，特別是 DBI 是否打算從 PTI 撤資，因為其作為主要股東的重大影響力。</p>
</div><p>In another development, AXA Group, a French multinational insurance corporation, recently met with the State Capital Investment Corporation (SCIC), both being major shareholders in Bảo Minh Insurance.</p>
<div class="lb-trans"><p>在另一個發展中，法國跨國保險公司 AXA 集團最近與國有資本投資公司（SCIC）會面，雙方都是保明保險的主要股東。</p>
</div><p>AXA representatives shared their global growth strategies, including plans for expanding in Southeast Asia, particularly in Việt Nam.</p>
<div class="lb-trans"><p>AXA 代表分享了他們的全球增長戰略，包括在東南亞，特別是在越南擴展的計劃。</p>
</div><p>SCIC and AXA reached a consensus on development directions for Bảo Minh, focusing on enhancing financial resources, upgrading IT systems and boosting training and capacity for the staff.</p>
<div class="lb-trans"><p>SCIC 和 AXA 就保明的發展方向達成共識，重點是增強財務資源、升級 IT 系統以及提升員工的培訓和能力。</p>
</div><p>By the end of 2024, Bao Minh's shareholder structure included three major shareholders: SCIC with 50.7 per cent, AXA with 16.65 per cent and Firstland with 5.65 per cent.</p>
<div class="lb-trans"><p>到 2024 年底，保明的股東結構包括三大主要股東：SCIC 持有 50.7%，AXA 持有 16.65%，Firstland 持有 5.65%。</p>
</div><p>On February 28, Bảo Minh received notice from Firstland about its reduction in stake to 4.9 per cent, no longer qualifying as a major shareholder.</p>
<div class="lb-trans"><p>在 2 月 28 日，保明收到 Firstland 的通知，其持股比例降至 4.9%，不再符合主要股東的資格。</p>
</div><p>Bảo Minh made a significant advancement by becoming the first insurance company in Việt Nam to offer film and event insurance products.</p>
<div class="lb-trans"><p>保明在成為越南第一家提供電影和活動保險產品的保險公司方面取得了重大進展。</p>
</div><p>It has partnered with Circles Group to develop specialised insurance products in this sector.</p>
<div class="lb-trans"><p>它與 Circles Group 合作開發該領域的專業保險產品。</p>
</div><p>The collaboration with Bảo Minh to introduce film and event insurance to Việt Nam is a crucial step in their regional expansion strategy, according to APAC Development Director of Circles Group, Kenneth Tan,. — BIZHUB/VNS</p>
<div class="lb-trans"><p>Circles Group 的亞太區發展總監 Kenneth Tan 表示，與保明合作將電影和活動保險引入越南是他們區域擴張戰略中的關鍵一步。 — BIZHUB/VNS</p>
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資本擴張激發了越南保險行業的樂觀情緒