PVI Holdings to transfer VND130bn in deposits to affiliates

PVI Holdings' board has passed a resolution to transfer seven deposit contracts totaling VND130bn. This internal transaction, effective from the date of signing the resolution, involves transferring these deposits to PVI Insurance, Hanoi Re, and the POF Fund. The delivery of these contracts is scheduled to occur before September 11, 2025, with transfer interest rates to be determined by agreement.

The resolution, dated September 5, 2025, references the Enterprise Law no.59/2020/QH14, the company's business registration certificate amended on August 21, 2024, and the Charter of PVI Holdings as foundational documents for this decision.

The transferred deposits include contracts from various banks such as Southeast Asia Commercial Joint Stock Bank (VND20bn at 6.10%), Joint Stock Commercial Bank for Foreign Trade of Vietnam – Hanoi Branch (totaling VND60bn at 4.40% and 4.80%), Orient Commercial Joint Stock Bank – Linh Dam Branch (VND29bn at 5.60%), Vietnam Prosperity Joint Stock Commercial Bank (VND12bn at 5.95%), and Saigon Hanoi Commercial Joint Stock Bank – Thang Long Branch (VND9bn at 5.80%).