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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Nam Kim Steel Joint Stock Company (NKG-HOSE) has disclosed an insider-related transaction involving Mr. Ho Minh Phat, the son of Mr. Ho Minh Quang, Chairman of the Board of Directors of NKG. Mr. Phat registered to purchase 5 million NKG shares for personal financial investment purposes. The transaction is expected…
PJICO, Petrolimex Insurance Joint Stock Corporation, held its 2026 annual general meeting in Hanoi on the morning of April 15. At the meeting, the company presented its 2026 business plan, targeting pre-tax profit of VND 324.5 billion, up about 6% from 2025, and total revenue of around VND 5,872 billion.
Insurance premiums revenue is expected to be the main driver, at VND 5,238 billion, an about 8% increase from the prior year, with a goal of 10% growth under favorable conditions. PJICO also set a projected dividend payout of 12%.
Beyond core insurance revenue, PJICO outlined expected contributions from other business lines, including:
The 2026 plan is based on expectations of continued economic growth, supported by public investment, infrastructure development, and digital transformation. The company said these factors can help sustain double-digit growth in the non-life insurance market and create room for PJICO to expand.
At the same time, PJICO noted that competition remains a key pressure as peers expand distribution channels and push product innovation. The company also pointed to lingering issues from previous periods that may affect short-term underwriting results.
On business orientation, PJICO plans to continue developing integrated products to improve convenience for individual clients. The company said policies are designed to combine multiple coverages, such as civil liability with accident or home insurance, to broaden access and expand the customer base.
PJICO also aims to advance digital transformation, optimize costs, improve governance, and enhance claims management efficiency. The company plans to develop new distribution channels, including bancassurance and digital platforms, to improve business performance.
In 2025, PJICO recorded total revenue of VND 5,510 billion, reaching 106.5% of its plan. Gross written premium was VND 4,619 billion, up about 5% year on year. Pre-tax profit reached VND 306 billion, up 5%.
For 2025 profit distribution, PJICO proposed allocating 15% of after-tax profit of over VND 245.5 billion to the development investment fund, equivalent to approximately VND 36.8 billion. The remainder would be distributed to reward and welfare funds as required by regulations.
The company also planned cash dividends at 12%, equivalent to about VND 133.1 billion.
During the shareholder question-and-answer session, the board discussed topics including governance and capital adequacy. The main view emphasized that dividends should be sustainable and aligned with actual profit, while also supporting the company’s ability to grow.
The board and major shareholders highlighted the need to balance short-term shareholder interests with long-term financial capacity and to maintain an adequate capital base to preserve credit ratings. The AGM concluded with all proposed resolutions approved.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
