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Bao Viet Insurance, Vietnamese bank agree to partner on bancassurance

Bao Viet Holdings subsidiary Bao Viet Insurance Corp. and Saigon - Hanoi Commercial Joint Stock Bank entered into an agreement to cooperate on bancassurance and providing banking services for the insurer's staff, Vietnam News reported Dec. 28.

Under the agreement, the bank would offer Bao Viet Insurance's products to its consumers, as well as provide financial and banking services to the insurer's staff. Further, the companies would launch an online program for apartment and automobile insurances to cut transaction times for customers.