Last updated: 16:46 - September 14, 2007
Insurance giant sells stake to HSBC and Vinashin http://www.nhandan.com.vn/english/business/140907/business_i.htm
Nhan Dan Online - Vietnam's top insurer, Vietnam Insurance Corporation on September 13 signed deals to establish a strategic partnership with HSBC Insurance and the Vietnam National Shipbuilding Industry Group (Vinashin). Under the contracts, HSBC Insurance will acquire a 10% stake in Bao Viet for over VND 4.1 trillion (approximately US $255 million) to become the Bao Viet's sole foreign strategic partner. http://www.nhandan.com.vn/english/business/140907/business_i.htm