Bao Hiem Hung Vuong

What Bao Hiem Hung Vuong does

Bao Hiem Hung Vuong (BHV), legally Tổng Công ty Cổ phần Bảo hiểm Hùng Vương, is a non-life (phi nhân thọ) insurance company headquartered in Hanoi, Vietnam, and publicly listed on the Ho Chi Minh Stock Exchange under ticker BHV. Founded on May 19, 2008, with two major institutional founding shareholders — VINARE (Vietnam's national reinsurer) and VIETABANK (Vietnam Commercial Joint Stock Bank) — BHV has operated for over 18 years and serves both individual and enterprise customers domestically. The company runs a network of 19+ member units and branch offices spanning Hanoi, Ho Chi Minh City, Binh Dinh, Dong Nai, and the Southwest (Tay Nam Bo / Mekong Delta) region, supported by individual and enterprise agent channels and connected garage and hospital networks for claims processing.

BHV's product portfolio spans mandatory and voluntary vehicle insurance (car and motorcycle, including third-party liability and physical damage), travel insurance, property and engineering insurance, personal accident and combined accident & health insurance, general liability, marine hull, cargo, and container insurance. Digital customer service is delivered through the BHV Online mobile application (iOS and Android), which supports policy management, online claims filing, claims status tracking, and 24/7 access. There is no disclosed proprietary AI or machine-learning technology powering underwriting or claims automation.

BHV's revenue model is built on recurring non-life insurance premiums collected from individual policyholders and corporate clients, with pricing varying by coverage type, vehicle, and individual risk profile (quotes require contacting the company via hotline or phone). Distribution is sales-led and multi-channel, combining direct branch sales, individual agents (đại lý cá nhân), enterprise agents (đại lý doanh nghiệp), inside sales via hotline, and the self-serve BHV Online app. The customer base is split between individual customers (vehicle, travel, property, accident/health coverage) and enterprise customers spanning banking, steel, energy, plastics, tourism, pharmaceuticals, beverages, and jewelry. Recent strategic activity includes a comprehensive cooperation agreement with Paramount/Pacific Cross signed in April 2026 focused on product development, operational optimization, and market expansion, alongside ongoing branch footprint optimization across southern Vietnam.

Name

Bao Hiem Hung Vuong

Legal name

Tổng Công ty Cổ phần Bảo hiểm Hùng Vương

Website

https://bhv.com.vn

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

BHV is a Hanoi-headquartered, HOSE-listed non-life insurance company in Vietnam offering motor, travel, property, accident, health, liability, marine, and cargo coverage to individuals and enterprises through 19+ branches, agent networks, and a mobile app.

Ownership category

akta.pro rank

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Non-life Insurance Premiums: BHV generates revenue through collecting insurance premiums from individuals and businesses. Products include motor vehicle insurance, travel insurance, property insurance, accident insurance, health insurance, liability insurance, marine insurance, and cargo insurance.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Bao Hiem Hung Vuong (BHV) is a non-life insurance provider in Vietnam offering a comprehensive portfolio of motor vehicle, travel, property, accident, health, liability, marine, and cargo insurance products. The company serves both individual consumers and enterprise customers through a nationwide branch network, individual and enterprise agents, and the BHV Online mobile application. Founded in 2008 with institutional backing from VINARE and VIETABANK, BHV operates 19+ member units across Vietnam with registered capital of 496.4 billion VND.

Product overview

Bao Hiem Hung Vuong (BHV) is a non-life insurance company offering a comprehensive portfolio of insurance products through both individual and business client channels. The company provides vehicle insurance (car and motorcycle), travel insurance, property insurance, accident and health insurance, and specialized business insurance products including marine, cargo, and liability coverage. Products are delivered through a network of 19+ member units across Vietnam, with customer-facing digital services provided via the BHV Online mobile application for iOS and Android.

Differentiator

Problem solved

Functional benefit

Products and services

• Car Insurance (Bảo hiểm Ô tô) Vehicle insurance product covering car owners for physical damages from accidents, theft, and natural disasters, plus third-party liability coverage. Targeted at individual car owners in Vietnam.
• Motorcycle Insurance (Bảo hiểm xe máy) Insurance coverage for motorcycle owners, including mandatory third-party liability, optional voluntary coverage, and passenger liability for riders on motorcycles and motorbikes. Targeted at individual motorcycle owners in Vietnam.
• Travel Insurance (Bảo hiểm du lịch) Travel insurance providing coverage for trip cancellations, medical emergencies, and travel-related risks for individuals traveling domestically or internationally. Targeted at individual travelers.
• Property Insurance (Bảo hiểm tài sản) Insurance coverage for residential and commercial properties against damages, theft, and natural disasters. Targeted at individual property owners.
• Accident Insurance (Bảo hiểm tai nạn) Personal accident insurance providing compensation for injuries, disabilities, or death resulting from accidents. Targeted at individual customers.
• Accident & Health Insurance (Bảo hiểm tai nạn & sức khỏe / Medical Care) Combined insurance product covering both accident-related injuries and health-related medical expenses, helping reduce financial burdens for family members. Targeted at individual customers and families.
• Commercial Motor Vehicle Insurance (Bảo hiểm xe cơ giới) Vehicle insurance products for business clients covering cars, trucks, and other motor vehicles in commercial fleets. Targeted at enterprise customers managing vehicle fleets.
• Commercial Personal Insurance (Bảo hiểm con người) Life, health, and personal accident insurance coverage for individuals and employees of business clients. Targeted at enterprises seeking group coverage for their workforce.
• Property & Engineering Insurance (Bảo hiểm tài sản - Kỹ thuật) Insurance coverage for commercial properties and engineering projects including construction and installation risks. Targeted at enterprise customers in construction, manufacturing, and infrastructure.
• Liability Insurance (Bảo hiểm trách nhiệm) General liability insurance products for businesses covering legal liabilities to third parties arising from business operations. Targeted at enterprise customers.
• Marine Insurance (Bảo hiểm tàu thủy) Insurance coverage for ships, vessels, and maritime operations including hull and machinery coverage. Targeted at enterprise customers in shipping, fishing, and maritime industries.
• Cargo Insurance (Bảo hiểm hàng hóa) Insurance coverage for goods and merchandise during transportation by various modes (road, sea, air, rail). Targeted at enterprise customers in logistics, import/export, and trading.
• Container Insurance (Bảo hiểm vỏ Container) Insurance coverage for shipping containers used in freight transportation. Targeted at enterprise customers in shipping, freight, and logistics.
• BHV Online Mobile Application Mobile application enabling customers to access insurance policies, file claims online, track claim status, and manage insurance services on iOS and Android devices. Targeted at individual and enterprise policyholders seeking self-service access.

Named customers9 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• Paramount/ Pacific CrosscoreStrategic or Co-development Partner · 11 April 2026BHV ký kết hợp tác toàn diện với Paramount/ Pacific Cross: Đẩy mạnh phát triển sản phẩm, tối ưu vận hành và mở rộng thị trường. Strategic partnership focused on product development, operational optimization, and market expansion.
• Connected Garage NetworkminorImplementation/ SI/ Consulting PartnerHệ thống gara liên kết - Network of affiliated garages for vehicle claims processing and repair services.
• Connected Hospital NetworkminorImplementation/ SI/ Consulting PartnerHệ thống bệnh viện Liên Kết - Network of affiliated hospitals for health insurance claims processing.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Regional players

• Pacific Cross (Paramount/Pacific Cross): Southeast Asian insurance group headquartered in the Philippines offering non-life and health products. Highly comparable as BHV's newly announced strategic partner, signaling similar product categories and regional positioning.

Direct peers

• PJICO (Petrolimex Joint Stock Insurance Company): Listed non-life insurer affiliated with Petrolimex, providing motor, property, marine, and engineering coverage. Comparable as a publicly listed Vietnamese P&C carrier with comparable size and channel mix.
• PVI Insurance (PVI Holdings): Vietnam's largest non-life insurance carrier, offering motor, property, marine, energy, and engineering lines across individual and enterprise segments. Closest like-for-like peer given overlapping product portfolio, multi-channel distribution, and listed status.
• Liberty Insurance Vietnam: Foreign-backed non-life insurer (Liberty Mutual group) offering motor, property, and personal lines in Vietnam. Comparable as a direct competitor in personal and commercial P&C, particularly in motor.
• Bảo hiểm Bưu điện (PTI - Posts and Telecommunications Insurance): Vietnamese non-life insurer offering motor, health, property, and personal accident products with nationwide branch network. Comparable mid-tier competitor with similar multi-channel distribution strategy.
• Bảo Long Insurance: Vietnamese non-life insurer providing motor, health, property, and liability products through branch and agent networks. Comparable mid-tier P&C peer competing in the same market segments as BHV.
• Samsung Vina Insurance: Foreign-invested Vietnamese non-life insurer (Samsung Fire & Marine subsidiary) offering motor, property, and engineering products. Comparable as a foreign-backed P&C competitor in the same product categories.
• Bảo Minh Insurance (BMI): Established Vietnamese non-life insurer offering motor, property, marine, cargo, and personal accident products through branches and agents. Comparable mid-to-large tier competitor with similar product mix and distribution model.

Emerging players

• Cathay Life Insurance (Vietnam operations): Taiwanese insurance group with growing presence in Vietnam offering life and accident/health products. Comparable as a foreign-invested insurer building Vietnamese distribution, with overlapping accident/health product lines.

Broad incumbents

• Bao Viet Holdings: Vietnam's largest state-owned insurance group offering life, non-life, and financial services through an extensive nationwide network. Comparable as the dominant market incumbent, but substantially larger and more diversified than BHV.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCZO9W-4Ztu42dcyNoLV8Ifg
• Facebookfacebook.com/baohiemhungvuong

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bao Hiem Hung Vuong