PVI Insurance nears landmark as Việt Nam’s first $1bn non-life insurer

PVI Insurance is on course to become Việt Nam’s first US$1-billion non-life insurer after delivering record results for the first nine months of 2025. The company reported total revenue exceeding VNĐ21.5 trillion (around US$820 million), achieving 108 per cent of its full-year target and up nearly 39 per cent year-on-year. Pre-tax profit surged to almost VNĐ1.2 trillion, surpassing the annual goal by 45 per cent.

The insurer’s strong performance was driven by double-digit premium growth and a rapid rise in digital channels. Gross written premiums grew 10.4 per cent, with online sales jumping 87 per cent as PVI expanded its e-commerce reach and enhanced its digital platforms. Reinsurance revenue more than doubled, reflecting a stronger presence in international markets and improved risk management.

PVI has also reinforced its capital position, raising charter capital from VNĐ3.9 trillion to VNĐ4.3 trillion in September to support technology investment and market expansion. In social insurance, the company collected nearly VNĐ2.4 trillion for Vietnam Social Security, a 56 per cent increase, while achieving over 90 per cent of its annual participation targets.

With a renewed focus on innovation and sustainability, PVI continues to solidify its leadership in Việt Nam’s insurance sector while advancing its ambition to represent Vietnamese enterprise strength on the global stage.

Read the full article to explore how PVI is redefining growth and resilience in Việt Nam’s insurance market.