BIC has a new Chairman of the Board of Directors and General Director
On May 28, 2025, at the headquarters of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), the announcement ceremony of the decision to appoint the Chairman of the Board of Directors and General Director of BIDV Insurance Corporation (BIC) took place.
BIDV Board of Directors congratulates the new Chairman of the Board of Directors and General Director of BIC
The consolidation of the senior leadership is an important step, marking a strong transformation period of BIC as it enters its 20th year of establishment - a meaningful milestone on the journey of building and developing a prestigious non-life insurance brand in Vietnam.
Previously, at the 2025 Annual General Meeting of Shareholders held on May 8, 2025, shareholders elected the Board of Directors and Supervisory Board of BIC for the 2025-2030 term. The new Board of Directors brings together members with extensive management experience and international capacity, representing two major shareholders, BIDV and Fairfax. Among the elected members, Mr. Tran Hoai An received the highest percentage of votes, demonstrating high trust from shareholders. Ms. Doan Thi Thu Huyen was also elected as a member of the Board of Directors.
At the first meeting after the Congress, the new BIC Board of Directors unanimously elected Mr. Tran Hoai An as Chairman of the Board of Directors. The new Board of Directors and Executive Board unanimously submitted to the Ministry of Finance for approval of Mr. Tran Hoai An as Chairman of the BIC Board of Directors, and Ms. Doan Thi Thu Huyen as General Director of BIC.
Mr. Tran Hoai An, Master of Business Administration, joined the BIC system in 2009 and has held many important leadership positions: Director of BIC Binh Dinh, Director of BIC Ho Chi Minh, Deputy General Director, General Director and Member of the Board of Directors. With nearly two decades of experience and deep understanding of the non-life insurance market, Mr. Tran Hoai An is expected to lead BIC into a new stage of development with a clear strategic vision.
Ms. Doan Thi Thu Huyen, Master of Business Administration, has been Deputy General Director of BIC since 2012, and has held important roles at BIDV such as Head of Department, Deputy Director of BIDV Human Resources Department. Ms. Huyen has expertise in banking and finance, in-depth understanding of the system, customer base and rich experience in human resource management, administration and business operations.
In 2025 - the year marking two decades of development, BIC sets ambitious targets: Parent Company's own insurance premium revenue reaches VND 5,600 billion, an increase of more than 10% compared to 2024; Consolidated pre-tax profit reaches VND 710 billion, a growth of 10%; Charter capital increases to VND 2,020 billion, becoming one of the 4 insurance companies with the highest charter capital in the market.
From 2026, in addition to maintaining its commitment to pay a minimum cash dividend of 10%, BIC will implement a plan to increase its charter capital through issuing shares to pay dividends, with the specific rate determined based on annual business results. This solution not only contributes to strengthening financial capacity but also creates more resources for BIC to invest in technology, expand its product portfolio and improve customer experience.
The new Board of Directors and Executive Board usher in a period of dynamic development, led by the spirit of innovation, creative thinking and the desire to break through. With a clear development strategy, a dedicated leadership team and an increasingly strong financial foundation, BIC is ready to conquer new heights, continuing to affirm its pioneering position in the field of non-life insurance in Vietnam.
