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Vietnamese insurer expects profit to fall 5%

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Vietnamese insurer Bao Viet Holdings expects its net profit to fall 5% year-on-year to nearly 1.2 trillion Vietnamese dong ($51 million) this year due to the COVID-19 pandemic, Asia Insurance Review reports citing Viet Nam News. It expects revenue to remain almost flat at around VND 45 trillion. Bao Viet's revenue totaled VND 22.2 trillion in the first six months of the year.

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