MoF okays establishment of airline insurance company

The Ministry of Finance has approved the establishment of the Vietnam Airlines Insurance (VNI) Company with initial chartered capital of 500 billion VND (31.2 million USD).

VNI has some major founding shareholders, including Vietnam Airlines, the Vietnam Coal and Mineral Industries Group and Vietnam Machinery Installation Corporation among others.

The company will provide insurance services for air transport as well as marine and land transit, accident insurance and other non-life insurance services.

VNA

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