Company History
Key Milestones
05 Aug 1996Vietnam International Assurance Company (VIA) was established by 3 shareholders: Bao Viet (51%), Commercial Union (24.5%) and Tokio Marine (24.5%), being the very first insurer with foreign investment in Vietnam. The Company had the legal capital of USD 6,000,000 and was based in Ho Chi Minh city.
19 Dec 1997Hanoi Branch Office was established and started market penetration in the North of Vietnam.
09 Jan 2002Tokio Marine purchased the shares of Commercial Union. Since then, the capital ratio has been 49% from Tokio Marine and 51% from Bao Viet.
08 Oct 2002The Legal Capital was increased from USD 6,000,000 to USD 6,200,000.
14 Jan 2009The Chartered capital was VND 300,000,000,000. The Company acquired full business license to provide insurance services to all clients in Vietnam.
25 May 2009A Representative Office was established in Da Nang.
04 Sep 2009Head Office was relocated to Hanoi.
SEP 2010Vietnam International Assurance Company was renamed to "Baoviet Tokio Marine Insurance Joint Venture Company "
24 April 2012A Representative Office was established in Hai Phong.
July 2013The company has changed its name from Bao Viet Tokio Marine Insurance Joint Venture Company to Bao Viet Tokio Marine Insurance Company Limited to meet new regulation of Insurance Law
Development
Since the beginning of its establishment in 1996 with only less than 10 staff and a modest GWP of USD2.7million in 1997, the Company has always kept a stable and sustainable growth. After more than 16 years in operation, a GWP volume of VND 300 billion (USD 14 million) in 2013 was achieved, largely thanks to the contribution of over 90 dedicated staffs working in Ha Noi Head Office, Ho Chi Minh Branch Office and Da Nang Rep. Office.

Being the very first insurer with foreign investment in Vietnam, the Company has since become the insurance partner of many Japanese clients – its core business segment. Today, the Company is well-known by foreign and domestic customers through this prestige.

In 2008, Ministry of Finance approved the Company’s expansion of business scope to provide motor insurance services to individual clients in Vietnam; resulting from this, the motor insurance program for individuals was launched.

In Jan. 2009, the Company acquired full business license to provide insurance services to individuals and corporate clients of all kinds in Vietnam.

Apart from traditional Japanese clients, the Company is also a partner to many reputable international corporations, including international brokers.

In April 2012, BVTM expanded its business network by establishing a Representative Office in Haiphong, which enables the Company to better provide prompt service in response to its clients’ demands.

After more than 16 years operating in local insurance market, we are proud to offer non-life insurance services to more than 2,000 clients, including over a half of 1,100 Japanese corporations investing in Vietnam.
Head Office
Room 601, 6th Floor, Sun Red River Building, 23 Phan Chu Trinh, Hoan Kiem Dist.,
Hanoi, Vietnam
Tel: (84.4) 3933 0704   Fax: (84.4) 3933 0706



Branch Office
Room 3, 19th Floor, Green Power Building, 35 Ton Duc Thang, District 1,
Ho Chi Minh City, Vietnam
Tel: (84.8) 3822 1340   Fax: (84.8) 3822 1338



Copyright @ Bao Viet Tokio Marine Insurance Company Limited Website: www.baoviettokiomarine.com