PVI Insurance Signed A Cooperation Agreement With NongHyup Property & Damage Insurance Co., Ltd

On July 11, 2023, in Hanoi, PVI Insurance Corporation (PVI Insurance) signed a comprehensive cooperation agreement (MOU) with NongHyup Property & Damage Insurance Company Limited (NH P&C Insurance) ) Korea.

Attending the signing ceremony were Mr. Bui Thanh Hai - Representative of Insurance Management and Supervision Department - Ministry of Finance, Mr. Nguyen Xuan Hoa - General Director of PVI, Mr. Duong Thanh Francois - Chairman of PVI Insurance's Member Council, Mr. Pham Mr. Duc – General Director of PVI Insurance; Mr. Choi Mun Seob - General Director of NH P&C Insurance, Mr. Choong Kwan Cho - CEO of UIB Korea Brokerage Company and representatives of the Board of Directors of the parties.

Speaking at the signing ceremony, Mr. Duong Thanh Francois said: "Vietnam and Korea have upgraded their relations to a "comprehensive strategic partnership". The Vietnam - Korea Free Trade Agreement has strongly promoted trade and investment activities between the two countries. PVI Insurance wishes to work closely with NH P&C Insurance in all potential fields, especially agricultural insurance and reinsurance. I believe that the cooperation program between PVI Insurance and NH P&C Insurance will be a solid basis for the two sides to take advantage of competitive advantages to bring mutual benefits and create valuable results. high value, promoting a good relationship between the two companies”.

On the side of NH P&C Insurance, Mr. Choi Mun Seob shared: “With the presence of NongHyup Financial Group, NongHyup Bank and NongHyup Securities Company and leading Korean enterprises in Vietnam, through By signing a cooperation agreement with PVI Insurance, we hope that the two sides will work closely in the Vietnamese insurance market, jointly develop and create a new profit model, bringing the two companies together. development”.

PVI Insurance and NH P&C Insurance signed a 5-year cooperation agreement. The two sides pledged to establish a cooperative relationship to have more business opportunities, expand the reinsurance field, and at the same time take advantage of the customer and service network to develop the strengths of services and products.

Previously on June 20, 2023, PVI Insurance and NH P&C Insurance also signed a comprehensive business cooperation agreement at the headquarters of NH P&C Insurance in Seodaemun-gu district, Seoul, Korea.