Un charter

On the other hand, low domestic interest rates and economic downturn are anticipated to adversely impact insurers, particularly life insurers, due to their fixed-income securities. But in the long term, the local insurance sector remains attractive for investors, especially foreigners in the context of low penetration rates and an emerging middle class. … [Read more...] about All change at the top as insurers look to the future

Hanoi (VNS/VNA) - The State Capital Investment Corporation (SCIC) has targeted disbursing investment of 13-16 trillion VND (561-690 million USD) annually to focus capital on key industries and sectors to promote economic growth. SCIC general director Nguyen Chi Thanh said this is the SCIC's investment strategy for 2020-25 and toward 2035 to complete its goal of becoming the Government’s strategic investor. "At present, the SCIC is studying investing in some key State-owned projects that need capital such as Long Thanh airport, North-South expressway, Vietnam Airlines and PVGas and buying shares at some big banks and enterprises," Thanh told To quoc (Fatherland) newspaper. Thanh said after the corporation basically completes its tasks of receiving and restructuring State-owned enterprises, it will focus on investment activities from 2020 to boost domestic and overseas investment. The SCIC will seek investment opportunities in the domestic economy … [Read more...] about SCIC aims to disburse annual investment up to 16 trillion VND