Bao Viet Insurance ranked top in Vietnam's maritime insurance sector

Bao Viet Insurance has been ranked first among 26 reputable insurance enterprises in the maritime sector, according to an announcement (No. 681/TB-BTC) issued by the Vietnamese Ministry of Finance on August 18.

To qualify for this ranking under Circular 93/2025/TT-BTC, companies must meet specific criteria regarding equity capacity, solvency margins or capital adequacy ratios, business efficiency in maritime operations over the last three consecutive fiscal years, and standardized credit ratings. The criteria also include the ability to fulfill guarantee commitments related to ship arrest procedures.

Data from the Vietnam Insurance Association for the first half of 2026 indicates that Bao Viet Insurance holds a leading market share of 21.2% in the maritime insurance market. The company provides risk management solutions across the transport chain, including hull insurance, shipowner liability, cargo transport, and shipbuilding-related services.

In May 2026, Bao Viet Insurance and Gemadept signed a strategic cooperation memorandum to develop maritime insurance, logistics, and maritime finance solutions, aligned with the development of the International Maritime Financial Center in Ho Chi Minh City.