On May 13, the signing ceremony for the Property All Risks Insurance Contract for the VinFast Hai Phong industrial complex (2025–2026 phase) was officially held between VinFast, insurance brokerage firm BeeVN, and a consortium of 10 domestic insurance companies.
As the leading non-life insurer in Vietnam, with strong financial capacity, a modern management system, and extensive experience in handling large-scale industrial insurance programs, PVI Insurance was honored to be entrusted as the lead of the consortium—responsible for coordinating the entire process, developing technical terms, and organizing the implementation of the contract. This role helps ensure operational consistency, improve governance efficiency, and strengthen the long-term stability of the project’s insurance program.
Under the agreement, the consortium will implement insurance programs tailored to VinFast’s specific operational needs, providing comprehensive coverage for fixed assets, production equipment, goods, and technology systems in the production line. These insurance solutions not only serve as financial tools to reinforce VinFast’s risk management capabilities and protect against unforeseen disruptions, but are also embedded within the company’s long-term sustainability strategy—enhancing its operational resilience, stability, and adaptability.
The signing marks a significant step forward in the collaboration between the involved parties, opening opportunities for long-term development and supporting Vietnam’s ongoing industrialization and modernization efforts.
On behalf of the consortium, Ms. Le Hong Linh – Deputy General Director of PVI Insurance, affirmed that in its coordinating role, PVI Insurance is committed to working alongside co-insurers to maintain consistent service quality, closely monitor progress, and effectively address any incidents during contract implementation. Additionally, PVI Insurance will accompany VinFast by providing insurance-related technical consultancy and support, helping to improve risk response capabilities and ensure continuity in business operations.
The VinFast industrial complex in Hai Phong is one of the largest industrial projects in Vietnam, with insured assets valued at up to USD 3 billion. Built on a 335-hectare site at Dinh Vu – Cat Hai Industrial Park (Hai Phong City), the facility has a Phase 1 design capacity of 250,000 cars per year. Its level of automation is among the highest in Southeast Asia, with over 1,200 robots deployed; the body shop is 98% automated, and the engine plant is 90% automated. The complex includes car, electric scooter, and electric bus manufacturing plants, as well as centralized administrative facilities—serving as a core hub in Vingroup’s high-tech industrial strategy and the broader advancement of Vietnam’s technology industry.