Re-insurer expects 1 trillion VND revenue this year

Vietnam National Reinsurance Corporation (VNR) expects revenues to near or exceed 1 trillion VND this year.

Early this year, VNR raised its charter capaital from 343 billion VND to more than 672 billion VND.

Swiss Re of Switzerland has become a strategic partner and holds a 25 percent stake of VNR’s charter capital. Swiss Re paid 10 million USD for the stake.

VNA

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