In the afternoon of August 3, 2026, Vietnam National Reinsurance Corporation (VINARE) held its Mid-Year Conference to review its business performance for the first half of 2026 and discuss key business priorities for the remainder of the year. The Conference was chaired by Mr. Nguyen Anh Tuan, Chairman of the Board of Directors, with the participation of Mr. Vu Ngoc Vuong, Head of the Board of Control and Mr. Mai Xuan Dzung, Chief Executive Officer, together with members of the Board of Directors, the Board of Control, the Board of Management, and employees of VINARE.

During the first six months of 2026, Vietnam’s economy recorded several positive developments. GDP grew by 8.18%, marking the highest first-half growth rate during the 2022 – 2026 period. The expansion of public investment, foreign direct investment (FDI) inflows and trade activities has created favorable conditions for insurance and reinsurance demand, particularly across the industrial, construction and infrastructure sectors.

According to the Insurance Association of Vietnam (IAV), the non-life insurance market grew by 16.1% in the first half of 2026, compared with growth rates of 11.3% in 2025 and 11.9% in 2024. Property & Engineering insurance continued to perform strongly, with Engineering insurance emerging as the fastest-growing segment, recording a growth rate of 75.3%. Notably, compulsory insurance for construction projects surged by 185.4%. This growth reflected the recovery in public investment, construction and manufacturing activities, together with the positive impact of recently amended legal regulations relating to property and engineering insurance.

VINARE reported strong business performance in the first half of 2026. Revenue reached VND2,364 billion, up 10.4% year-on-year and representing 55.4% of the 2026 annual target. Profit before tax amounted to VND278.8 billion, an increase of 14.9% compared with the first half of 2025, fulfilling 49.8% of the 2026 business plan.

(Ms. Nguyen Thi Minh Chau – Manager of the Human Resources – General Affairs Department presented VINARE’s business results for the first six months of 2026)

The Conference also discussed the opportunities and challenges facing the reinsurance market in the current environment. With respect to its international inward reinsurance business, VINARE has actively sought opportunities to expand its presence in overseas markets and strengthen relationships with international brokers and reinsurers. However, competition in the global market has become increasingly intense, particularly with respect to financial strength and credit rating requirements, posing significant challenges to VINARE’s efforts to expand its international market share.

(Ms. Nguyen Thi Hien Luong – Manager of Engineering Department)

(Ms. Tong Thuy Linh – Manager of Property Department)

(Mr. Dao Manh Duong – Manager of Marketing Department)

(Mr. Pham Duy Long – Manager of Business & Claims Administration Department)

(Mr. Nguyen Huu Duc – Manager of Ho Chi Minh City Branch)

(Mr. Nguyen Anh Duc – Manager of Investment Department)

Investment activities continued to deliver strong results despite ongoing volatility in the financial markets. Total income from investment activities and other operations reached VND271 billion, representing an increase of 19.2% year-on-year. The investment portfolio generated an annualized return on investment (ROI) of 9.01%.

Speaking at the conference, Mr. Mai Xuan Dzung, Chief Executive Officer of VINARE, acknowledged the efforts and dedication of all employees in navigating a challenging market environment. He also called for continued unity and collaboration across the entity to drive VINARE’s future success. Mr. Dzung emphasized that reinsurance remains VINARE’s core business and should continue to receive focused resources and strategic attention. This approach is essential to sustaining long-term growth, enhancing the Corporation’s competitiveness, and continuously expanding opportunities for cooperation both domestically and internationally.

(Mr. Mai Xuan Dzung – Chief Executive Officer)

Mr. Vu Ngoc Vuong, Head of the Board of Control, congratulated VINARE on its business achievements during the first six months of the year. He acknowledged the Corporation’s efforts to achieve the business targets approved by the General Meeting of Shareholders and urged VINARE to continue focusing its resources on implementing and completing the key priorities set out in its business plan.

 (Mr. Vu Ngoc Vuong – Head of the Board of Control)

In his closing remarks, Mr. Nguyen Anh Tuan, Chairman of the Board of Directors, commended the efforts and contributions of VINARE’s management and employees. The first-half results demonstrate that VINARE has maintained double-digit growth in both revenue and profit. He noted that, amid rapid technological advancement and the growth of the knowledge economy, VINARE must continue to uphold its pioneering spirit, innovation and creativity in order to maintain its leading market position. Although market conditions are expected to remain volatile, Mr. Tuan expressed confidence that, leveraging VINARE’s key strengths, including its established brand, solid financial capacity, extensive industry experience and long-standing network of domestic and international partners, the Corporation will strive to achieve its 2026 business objectives while laying the groundwork for the development and execution of its 2027 business plan.

(Mr. Nguyen Anh Tuan – Chairman of the Board of Directors)

In the second half of 2026, VINARE will focus on several key priorities, including meeting its 2026 business targets; strengthening facultative reinsurance underwriting activities; making thorough preparations for the upcoming renewal season; enhancing cooperation with international brokers and reinsurers; improving investment performance; further strengthening corporate governance, risk management and compliance controls; enhancing information technology capabilities; maintaining and enhancing its credit rating profile; and continuing to develop the VINARE brand in both domestic and international markets. As VINARE enters the final months of 2026, backed by a solid financial foundation, an experienced workforce, and a strong spirit of unity and innovation, the Corporation is determined not only to achieve but also to exceed its business objectives. VINARE will continue to reinforce its position as Vietnam’s leading national reinsurer while contributing to the safe and sustainable development of the Vietnamese insurance market.