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.
Source: VOV
Key words: Thai group, considers, re-entering, Vietnam, insurance market
