Raised charter capital to VND 1,044 mil (USD 44 mil)

Renamed to Hanoi Re

Increased foreign investors ownership ratio to the maximum of 100% of charter capital

Listed and official traded on Hanoi Stock Exchanged (HNX)

Upgraded B++ by A.M. Best

Became Public Company

Raised charter capital to VND 728 bill (USD 32 mil) through capital contribution from existing shareholders

Raised charter capital to VND 668 bil (USD 30 mil) through equitization, Changing the company’s structure into Joint Stock Corporation

Becoming the first reinsurer in Vietnam who is rated B+ by A.M. Best

PVI Re – wholly owned subsidiary of PVI Holdings, under PetroVietnam, was established