On the basis of promoting the strengths of each side of the business, this cooperation is to effectively develop and distribute products which combine banking and insurance (also known as bancassurance products) to customers of the two sides.

Accordingly, HD Bank and Bao Viet Insurance will jointly research and develop bancassurance products which are capable of integrating with bank products or independent products, to bring more value to customers of both sides.

 

Specifically, both parties will crossly use each other's products and services in which HD Bank will counsel and referral Bao Viet Insurance as non-life insurance products supplier for customers of HD Bank. HD Bank and Bao Viet Insurance signed a memorandum mentioning about Bao Viet Insurance will provide health insurance products for HD Bank staff. For cooperation to provide banking services and products, Bao Viet Insurance will be strategic customers of HD Bank and is given priority to using banking products and services with preferential conditions. HD Bank will be partner which provides payment services, money household of Bao Viet Insurance with outside partners. In addition, Bao Viet Insurance will introduce products and services of HD Bank to all staff, operation network and customer of Bao Viet Insurance.

HD Bank’s strategic direction is becoming "Unique Destination" for all the demand for insurance and finance. Also, Bao Viet Insurance and HD Bank will build a roadmap to develop bancassurance products in line with the orientation of the Bank, focusing on meeting the diverse needs of different customer groups. Also by then, Bao Viet Insurance and HD Bank will together organize and coordinate training programs for skills and knowledge of insurance for employees of the bank, support integration of data software and other related services .

Cooperation program between HD Bank and Bao Viet Insurance is an important event in the strategic "partnership for mutual development" of both sides. With the advantage of the strong brands, a reputation in the market, HD Bank and the Bao Viet Insurance directed to achieve general target “commitment to deliver more benefits for customers. "