Thai group considers re-entering Vietnam insurance market

24.10.2016

Bangkok Insurance Public Company Limited (BKI) considers re-penetrating Vietnam after its withdrawal from the market 10 years ago as a result of the Southeast Asian nation’s improved investment environment, said BKI President Apisit Anantanatarat.

Mr Apisit also highlighted the huge potential of the lucrative and populous market that has maintained stable economic growth for numerous years.

The group has negotiated on buying stakes of several Vietnamese insurance companies, however, it needs more time to conduct a feasible study due to high costs.

In 2015, BKI expanded its investment to Laos and holds 45% of share of BKI Insurance Joint Stock Company. It is aiming for market expansion in Myanmar.

Ham Rong-Thai Binh gas system reaches yearly target early

The Ham Rong-Thai Binh gas system has supplied 106.52 million cubic metres of gas so far this year, equivalent to 100.5 percent of its yearly plan for 2016, according to the PetroVietnam Gas JSC (PV GAS).

The system is forecast to distribute over 140 million cubic metres of gas to customers in the whole year, or 132.33 percent of its target for 2016.

At present, the system is supplying customers with over 500,000 cubic metres of gas per day, reaching 90 percent of its design capacity in the first phase, while ensuring 100 percent reliability and safety.

The system is part of a series of projects which bring gas from Ham Rong and Thai Binh fields offshore the Red River basin to industrial zones in the northern province of Thai Binh and adjacent localities.

Source: Vietnam.net

Photo: BKI