VN insurer to pour $5 mln in Laos, Cambodia
The Bank for Investment and Development of Vietnam Insurance Joint Stock Corporation (BIC) has announced it will pour nearly 5 million USD into its subsidiary companies in Laos and Cambodia. … BIC will also buy back the 65 percent stake of the Cambodian Investment and Development Co., Ltd (IDCC) worth 4.55 million USD in the Cambodia-Vietnam Insurance Joint Stock Company (CVI). … CVI was set up in 2009 with a chartered capital of 7 million USD. It is now the fourth largest insurer in Cambodia , with an average annual premium growth of 70 percent in the 2010-2012 period.
