Business

Germany's Talanx to raise stake in Vietnam insurer PVI Holdings

Friday, April 20, 2018, 15:45 GMT+7

A unit of Germany’s Talanx AG is seeking to raise its stake in Vietnamese insurer PVI Holdings to 49 percent, PetroVietnam said on Friday, as the state-run oil and gas group seeks to divest from the insurance company.

PetroVietnam is seeking to sell the stake to unlisted HDI Global SE, it said in a statement, following a meeting between Talanx AG Deputy Chairman Christian Hinsch and Vietnam’s Deputy Prime Minister Vuong Dinh Hue in Hanoi on Thursday.

PetroVietnam currently has a 35 percent stake in PVI Holdings, while HDI Global holds 47 percent.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Reuters

petrovietnam stake Talanx PVI

More

Ho Chi Minh City wants to attract remittances for infrastructure development

Incoming remittances to Vietnam totaled US$206 billion between 1993 and 2023

Highlights

A closer look at BYD Seal ahead of entry into Vietnam

Business

Vietnamese billionaire Pham Nhat Vuong commits $1 billion more to VinFast

Business

Ho Chi Minh City hosts Global Sourcing Fair Vietnam with 8,000 attendees expected

Business

TikTok Shop’s Q1 revenue triples Lazada's in Vietnam

Business

Vietnamese taxi firm Vinasun announces $25mn investment in hybrid cars amidst EV trend

Business

Most viewed

1

Hand, foot, and mouth disease entering peak in Hanoi: health agency

3 days ago

2

Cement factory accident kills 7 workers, injures 3 in Vietnam

3 days ago

3

Vietnamese billionaire Pham Nhat Vuong commits $1 billion more to VinFast

20 hours ago

4

Ho Chi Minh City childcare facility suspended over child abuse video

1 day ago

5

Chinese jailed for lending $790mn in usury in Vietnam

1 day ago

Video

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Vietnamese woman gives unconditional love to hundreds of adopted children

Read more

Vietnamese billionaire Pham Nhat Vuong commits $1 billion more to VinFast

He will spend VND10 trillion (US$394 million) from his pocket building charging stations in the next three years

20 hours ago

TikTok Shop’s Q1 revenue triples Lazada's in Vietnam

TikTok Shop’s turnover increased 15.5 percent over the last quarter of 2023

1 day ago

Vincom Retail retains name after Vietnamese conglomerate Vingroup divests capital

‘Vincom Retail has no intention of altering its name’

1 day ago

Vietnamese taxi firm Vinasun announces $25mn investment in hybrid cars amidst EV trend

The firm intends to invest VND630-650 billion (US$24.8-25.6 million) in purchasing 700 hybrid cars

1 day ago

Vietnamese firms race to build data centers

Vietnamese enterprises have poured trillions of Vietnamese dong into data center projects

2 days ago

Highlights

Politics

Central Committee of Communist Party of Vietnam agrees to resignation of top lawmaker Vuong Dinh Hue

The 13th Party Central Committee convened a meeting in Hanoi on Friday to discuss and give opinions on relieving Hue of all his political roles and ending his public service

Society

Netherlands tops EU investors in Ho Chi Minh City: vice-chairman

3 hours ago

Society

Glamping sites encroach on Ho Chi Minh City rivers, canals

5 hours ago

Business

A closer look at BYD Seal ahead of entry into Vietnam

6 hours ago

Society

Vandals paint cars red in Hanoi

7 hours ago

Events

Ambassadors, diplomatic representatives cycle in Hanoi to mark ASEAN Family Day

Society

'Pioneer the Possible': Sweden, Vietnam jointly work toward sustainable development

Business

Thousands watch hot-air balloon performance marking 31st SEA Games in Vietnam

Society

80,000 volunteers join event to mark 2022 Earth Hour in Vietnam

Society

;

Photos

Artist paints murals on house to raise awareness of COVID-19 prevention in Hanoi

He drew the virus, vaccine, and earth on the exterior walls of a house

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Latest news

Central Committee of Communist Party of Vietnam agrees to resignation of top lawmaker Vuong Dinh Hue

The 13th Party Central Committee convened a meeting in Hanoi on Friday to discuss and give opinions on relieving Hue of all his political roles and ending his public service

Colombia's Chiribiquete park to receive $1 million annually for at least 30 years

Colombia's parks agency, the Frankfurt Zoological Society and German fund Legacy Landscapes on Thursday launched a financial mechanism to fund Chiribiquete National Park with $1 million each year for at least 30 years

Rest stops unavailable along 100km-long expressway in Vietnam’s Mekong Delta

Apart from the absence of rest stops, the Trung Luong-My Thuan Expressway currently has just two lanes and no emergency shoulder

'Extreme' climate blamed for world's worst wine harvest in 62 years

Australia and Italy suffered the worst

Over 100 Vietnamese cargo vehicles have been kept in China since early 2023

The situation was attributed to contract disputes and drivers’ failure to preserve goods

Foreign visitors amazed by night stay in northern Vietnam ethnic village

In the central living area of a traditional Mong ethnic house in Lao Xa Village, Sung La Commune, located in Dong Van District of Ha Giang Province, northern Vietnam, over a dozen guests congregated around hot dinner trays prepared by a millennial local man and his wife.

Netherlands tops EU investors in Ho Chi Minh City: vice-chairman

The support from the government and Dutch investors is making practical contributions to Ho Chi Minh City

Glamping sites encroach on Ho Chi Minh City rivers, canals

Glamping has become a new tourism trend among the young

A closer look at BYD Seal ahead of entry into Vietnam

The car might be available in Vietnam in both hybrid and electric versions

Vandals paint cars red in Hanoi

'Police in the district are investigating this case of vandalism'

Politics

1

Vietnam FM Bui Thanh Son enjoys 'pho,' walks with Indonesian counterpart in Hanoi

1 day ago

2

Vietnam, S.Korea co-chair 11th defense policy dialogue

2 days ago

3

Assistant to Vietnam's top legislator detained for alleged power abuse

3 days ago

Society

1

Hand, foot, and mouth disease entering peak in Hanoi: health agency

3 days ago

2

Cement factory accident kills 7 workers, injures 3 in Vietnam

3 days ago

3

Ho Chi Minh City childcare facility suspended over child abuse video

1 day ago

Lifestyle

1

A look inside the real-life location of K-drama hit ‘Itaewon Class’

4 years ago

2

Foreign visitors laud Mekong Delta tourism experience in Vietnam

2 days ago

3

'Banh mi' fest expected to bring Vietnamese dish to top rank among world’s best sandwiches

3 days ago

Features

1

American teacher excites TikTok audience with vlogs promoting Vietnamese food

6 days ago

2

Siblings live in pigpen following family tragedy in northern Vietnam

1 week ago

3

Vietnamese bar girls go on wild sex parties for money despite heavy toll on health

3 years ago

Education

1

Sign language book reviews: Bridging communication through literature in Hanoi

3 days ago

2

Apple CEO Tim Cook joins environment class using iPads in Hanoi

1 week ago

3

In Vietnam, parents spend big on children’s education despite economic woes

7 months ago

Sports

1

Vietnamese freestyle football champion debuts at LaLiga half-time

2 days ago

2

Vietnam launches first-ever triathlon federation

2 days ago

3

17-year-old nominated for 2023 VBA ‘Rookie of the Year’

6 months ago

City Diary

1

What is it like for a foreigner to marry a Vietnamese in Vietnam?

3 weeks ago

2

Tourists' inappropriate behavior proves offensive to both Vietnamese and expats

2 weeks ago

3

Vine-shaded charity water tanks highlight Saigonese generosity

1 month ago