By
Thai Ha
Fri, October 17, 2025 | 9:08 am GMT+7
PVI Insurance has reaffirmed its position as the No. 1 non-life insurer in Vietnam, with total revenue increasing nearly 1.4 times in the first nine months of 2025 and pre-tax profit more than doubling year-on-year – surpassing its full-year targets for both revenue and profit.
Ahead of schedule, poised for the billion-dollar ambition
PVI Insurance exceeded its 2025 revenue and profit targets after just nine months, with total revenue reaching VND21,538 billion ($817.92 million), equivalent to 108.4% of the year’s plan and up 38.7% year-on-year. Pre-tax profit hit VND1,148 billion ($43.6 million), fulfilling 145% of the year’s target.
The figures once again affirm the company’s strong internal capacity, well-executed strategy, and steady progress toward expanding internationally.
General director Pham Anh Duc. Photo courtesy of PVI.
Original insurance revenue grew 10.4%, while revenue from e-commerce channels surged 87% compared to the same period last year.
Strategic investments in digital transformation, online sales optimization, and modern product development have allowed PVI Insurance to capture new consumer trends and enhance the customer experience nationwide.
Sustainable growth through strategic development
Beyond its core insurance business, PVI Insurance also posted impressive results in reinsurance operations.
With expansion into the international reinsurance market, reinsurance revenue for the first nine months more than doubled from a year earlier – achieved through prudent risk management and improved competitiveness and efficiency.
In September, the company increased its charter capital from VND3,900 billion to VND4,320 billion ($164.1 million), strengthening its financial foundation for technology investment, market expansion, and capacity building – key factors in reinforcing customer trust and solidifying its market-leading position.
Chairman of the board of directors Duong Thanh Francois.
Supporting social welfare
PVI Insurance’s social insurance collection services continued to grow strongly. By the end of September, the company had collected nearly VND2,400 billion ($91.14 million) on behalf of the Social Insurance Fund, marking a 56% increase year-on-year.
Notably, PVI Insurance achieved over 90% of the year’s targets for expanding participation in social and health insurance programs, as committed to Vietnam Social Security – highlighting the effectiveness of the public-private partnership model.
Delegates take souvenir photos at the conference. Photo courtesy of PVI.
Towards a billion-dollar enterprise vision
Speaking at the mid-year conference, PVI Insurance’s leadership said: “Our nine-month results reflect the solidarity, determination, and relentless efforts of all PVI Insurance employees. This is the driving force for continued innovation and breakthroughs as we pursue the goal of becoming a billion-dollar non-life insurance enterprise – a symbol of Vietnamese capability and resilience on the global stage.”
A pioneer brand spreading its impact
Beyond business performance, PVI Insurance has also made a mark in branding and community engagement. At the A80 Exhibition – “Journey of Independence, Freedom, and Happiness”, held to celebrate the 80th National Day, PVI Insurance’s booth became a highlight, drawing large crowds and showcasing its image as an innovative, forward-thinking enterprise accompanying the nation’s progress.
On the international stage, PVI Insurance has earned multiple prestigious regional awards – notably being the only Vietnamese insurer recognized in three major categories by Asia Insurance Review.
Domestically, PVI Insurance was listed among the Top 50 Most Profitable Companies in Vietnam 2025, and for the second consecutive year, it led the “Top 10 Most Reputable Non-life Insurance Companies in Vietnam 2025” ranking by Vietnam Report and VietNamNet – underscoring its financial strength, governance excellence, and brand credibility.