Luận văn giải pháp nâng cao hiệu quả đầu tư tài chính của tổng công ty cổ phần tái bảo hiểm quốc gia việt nam

TRlTdNG DAI HOC KINH TE QUOC DAN DO ANH DEC DAI HOC KTQD TT THONG TIN THCVIEN phOng luan an-tu lieu | Gl AlPHAP NANG CAO HIEU QUA DAU TIT TAI CHINH CUA TONG CONG TY CO PHAN TAI BAO HIEM QUOC GIA VIET NAM CHUYEN NGANH: KINH TE PH AT TRIEN LUAN VAN THAC SY KINH TE ■ ■ NGUOI HUONG DAN KHOA HOC: TS PHAM NGOC LINH HA NOI - 2008 LOI CAM ON -w Ban luan van la ket qua cua sir no lire cua tac gia ciing vdi sir giup r tan tinh cua Giao vien hudng dan va cac thay, co giao cua Khoa Ke hoach va Phat trien, Truong Dai hoc Kinh te quoc dan Nhan day, tac gia xin cam on cac thay, co giao Khoa Ke hoach va Phat trien va cac thay, co giao cua Truong Dai hoc Kinh te quoc dan, nhung nguoi da truyen thu cho tac gia kien thuc suot qua trinh hoc tap cung nhu nhung y kien dong gop quy bau qua trinh viet luan van Tac gia xin bay to long cam on dac biet den TS Pham Ngoc Linh, nguoi da true tiep danh thoi gian de sira, gop y cho luan van tu xay dung de cuong r r den hoan tat luan van Cung nhan dip nay, xin cam on Gia dinh da het sue dong vien, tao dieu r \ kien cho tac gia ca vat chat va tinh than qua trinh hoc tap va hoan luan van./ Ha Noi, thdng 10 nam 2008 Do Anh Due MUC LUC • • Trang Trang phu bia Ld’i cam on Muc luc Danh muc so- do, bang bieu Ld’i md’ dau Chuong 1: Co’ so’ ly luan ve hieu qua dau tir tai chinh doanh nghiep kinh doanh Bao hiem va Tai bao hiem /./ Cdc boat dong kinh doanh co' ban cua doanh nghiep bao hiem va tai bao hiem 1.1.1 Tong quan ve Bao hiem va Tai bao hiem 1.1.2 Cdc loqi hinh doanh nghiep kinh doanh bao hiem 5 1.1.3 Cdc boat dong kinh doanh ca ban cua doanh nghiep Bao hiem va Tai bao hiem 1.1.4 Cdc phicffng thiec tai bao hiem co’ ban 11 1.1.5 Trich lap cdc quy die phdng bao hiem hoat dong kinh doanh bao hiem, tai bao hiem 13 1.1.6 Kha nang toan va bien kha ndng toan tdi thieu cua doanh nghiep bao hiem, tdi bao hiem 14 1.2 Ngudn vdn dau tie tai chinh cua doanh nghiep bao hiem va tdi bao hiem 1.2.1 Cdc quy dinh doi vd’i dau tie tdi chinh tie ngudn von chu sd hieu 15 16 1.2.2 Cdc quy dinh ve dau tie tdi chinh tie ngudn vdn nhan roi tie die phdng nghiep vu bao hiem 17 1.3 Dae diem cua cdc linh viec dau tie tdi chinh 17 1.3.1 Giei tien tai cdc to chiec tin dung 18 1.3.2 Mua trai phieu Chinh phu, trai phieu doanh nghiep 19 1.3.3 Cop vdn vdo cdc doanh nghiep khac 20 1.3.4 Kinh doanh bat dong san 21 1.3.5 Mua cd phieu doanh nghiep, kinh doanh chieng khodn 21 1.4 Hieu qua ddu tu tai chinh cua doanh nghiep Bdo hiem, Tai bdo hiem 21 1.4.1 Khai niem hieu qua ddu tu tai chinh 21 1.4.2 Cac chi tieu ctdnh gid hieu qua ddu tu tai chinh 23 7.5 Cac yen to anh hudug den hieu qua ddu tu' tai chinh cua doanh nghiep Bdo hiem va Tai bdo hiem 27 7.5.7 Nhom cac yeu td khach quan 21 1.5.2 Nhom cac nhan td chu quan 29 Chuong 2: Thue trang hieu qua hoat dong dau tu- tai chinh tai Tong cong ty co phan Tai bao hiem Quoc gia Viet Nam 2.1 Due diem hinh thdnh va phat trien Tdng cong ty co phan Tai bdo hiem Qudc gia Viet Nam 2.1.1 Khai quat ve thi trudng bdo hiem va Tai bdo hiem d Viet Nam 32 32 32 2.1.2 Gio! thieu ve Tdng cong ty cd phan tai bdo hiem Qudc gia Viet Nam 2.2 38 Thue trang hieu qua ddu tu tai chinh cua Tong cong ty cd phan Tai bdo hiem Qudc gia Viet Nam 2.2.1 Tinh hinh hoat dong ddu tu cua Vinare thd'i gian qua 46 46 2.2.2 Thue trang hieu qua dau tu tai chinh cua Tdng cong ty cd phan Tai bdo hiem Qudc gia Viet Nam 2.3 Ddnh gid thuc trang hieu qua boat dong dau tu tai chinh cua Tong cong ty cd phan Tai bdo hiem Quoc gia Viet Nam 2.3.1 Nhung thdnh tuu da dqt duuc 2.3.2 55 Han che va nguyen nhan 62 62 62 Chuong 3: Mot so giai phap gop phan nang cao hieu qua dau tir tai chinh cho Tong cong ty co phan Tai bao hiem Quoc gia Viet Nam 3.1 Dinh hud’ng phat trien 70 70 3.1.1 Dinh huo'ng phat trien chung cua ngdnh bdo hiem 70 3.1.2 Dinh hudng phat trien cua Vinare 71 3.1.3 Mot so thuan lai va kho khan cua Vinare qua trlnh phat trien 3.2 72 Mot so giai phdp nang cao hieu qua dan tir tai chinh r 26 A 3.2.1 Mot so giai phdp nang cao hieu qua quan ly dau tu\ 26 3.2.2 Mot so giai phdp timg linh vuc cu the 84 3.3 Mot so kien ng/ti 88 3.3.1 Dam bao mdi trirang kinh te - chinh tri — xa hoi on dinh 88 3.3.2 Hoan thien mdi trirdng phdp ly 89 3.3.3 Ma rong quyen tu chu cho cac doanh nghiep bao hiem 89 3.3.4 Nang cap he thong ke todn va thong tin bdo cao 90 3.3.5 Mot so kien nghi vdi Bo Tai chinh 90 Ket ludn 92 Danh muc tai lieu tham khao 94 Phu luc 96 DANH MUC CAC SO DO VA BANG BIEU Cac bang so lieu Sd 2.1 2.2 2.3 2.4 2.5 2.6 2.7A 2.7B 2.8 2.9 Bang so lieu Co cau sb hiru von co dong tai Vinare (den 30/6/2008) Ngudn von dau tu giai doan 2003 - 2008 Quy mb va co cau von dau tu Co cau doanh thu hoat dong dau tu Doanh thu -chi phi - thu nhap cua Vinare tir 2003-2007 Doanh thu -chi phi - thu nhap hoat dong dau tu Mot sd chi tieu danh gia hieu qua kinh doanh cua Vinare Mot so chi tieu danh gia hieu qua dau tu Bien kha nang toan va bien kha nang toan toi thieu cua Vinare Phan cap quyet dinh dau tu hien hanh cua Vinare theo danh muc dau tu Trang 39 47 50 50 56 57 57 59 61 65 Cac bieu So 2.1 2.2 2.3 Cac bieu Doanh thu phi thi truong bao hiem giai doan 1995-2007 Co cau dau tu cua cac doanh nghiep bao hiem nam 2007 So to chirc Tong Cong ty cd phan Tai bao hiem quoc gia Viet Nam Doanh thu phi nhan tai bao hiem giai doan 1995 - 2007 Co cau loi nhuan truoc thue giai doan 1995 - 2007 Phi tai bao hiem giu lai giai doan 1995 - 2007 y '77 > 7 Trang 35 36 40 2.4 2.5 2.6 43 44 46 K A? r/ A TRUONG DAI HOC KINH TE QUOC DAN DO ANH DUG GIAI PHAP NANG CAO HIEU QUA DAU TIT TAI CHINH CUA TONG CONG TY CO PHAN TAI BAO HIEM QUOC GIA VIET NAM CHUYEN NGANH: KINH TE PHAT TRIEN TOM TAT LUAN VAN THAC SY KINH TE ■ ■ HA NOI - 2008 i CHIONG 1: CO SO LY LUAN VE HIEU QUA DAU TlT TAI CHINII TRONG DOANH NGHIEP KINH DOANH BAO HIEM VA TAI BAO IIIEM 1.1 CAC HOAT DONG KD CO BAN CUA DOANH NGHIEP BAO HIEM VA TAI BAO HIEM 1.1.1 Tong quan ve Bao hiem va Tai bao hiem - Bao hiem dune hieu la “mot str bao dam, bang hop dong tra khoan tien thda thuan co tai nan, rui ro nhat dinh xay den cho ngubi dupe bao hiem” - Hoat dong kinh doanh bao hiem cua doanh nghiep bao hiem la hoat dong “nham muc dich sinh lpi, theo doanh nghiep bao hiem chap nhan rui ro cua ngubi dupe bao hiem, ngubi mua bao hiem dong phi bao hiem de doanh nghiep bao hiem tra tien bao hiem cho ngubi thu hubng hoac boi thubng cho ngubi dupe bao hiem xay sir kien bao hiem” - Tai bao hiem la viec san se cac rui ro bao hiem giira cac cong ty bao hiem, tai bao hiem vdi “Kinh doanh Tai bao hiem la hoat dong cua doanh nghiep bao hiem nham muc dich sinh lpi, theo doanh nghiep bao hiem nhan mot khoan phi bao hiem cua doanh nghiep bao hiem khac de cam ket boi thubng cho cac trach nhiem da nhan bao hiem” 1.1.2 Cac loai hinh doanh nghiep kinh doanh bao hiem - Can cu theo co cau sb huu va muc dich lap, co hai hinh thuc doanh nghiep bao hiem la cong ty bao hiem co phan va cong ty bao hiem tirong ho - Xet theo hinh thuc to chuc hoat dong, co cac loai hinh doanh nghiep bao hiem sau: Doanh nghiep bao hiem nha nude; Cong ty co phan bao hiem; To chuc bao hiem tuong ho; Doanh nghiep bao hiem lien doanh; Doanh nghiep bao hiem 100% von dau tu nude ngoai - Xet theo san pham bao hiem doanh nghiep cung cap thi trubng, co hai loai doanh nghiep bao hiem la doanh nghiep bao hiem nhan tho va doanh nghiep bao hiem phi nhan tho 1.1.3 Cac ITnh vuc hoat dong kinh doanh co1 ban cua doanh nghiep Bao hiem va Tai bao hiem (1) Kinh doanh bao hiem; (2) Kinh doanh tai bao hiem; (3) Dau tu von; (4) Cac hoat dong phu trp co lien quan; (5) Cac hoat dong khac theo quy dinh cua phap luat Trong do, hoat dong kinh doanh bao hiem, tai bao hiem va dau tu tai chinh la nhung hoat dong khong the thieu doi vdi bat ky mot cong ty bao hiem nao 11 1.1.4 Cac phuong thuc tai bao hiem co’ ban - Tai bao hiem tarn thoi - Tai bao hiem theo hinh thuc hop dong co dinh 1.1.5 Trich lap du1 phong bao hiem hoat dong kinh doanh bao hiem, tai bao hiem - “Dir phong nghiep vu la khoan tibn ma doanh nghiep bao hiem phai trich lap nham muc dich toan cho nhung trach nhiem bao hiem da dupe xac dinh trudc va phat sinh tu cac hop dong bao hiem da giao ket” 1.1.6 Kha nang toan va bien kha nang toan toi thieu cua doanh nghiep brio hiem, tai bao hiem - Bien kha nang toan cua doanh nghiep bao hiem la phan chenh lech giua gia tri tai san va cac khoan no phai tra cua doanh nghiep bao hiem tai thoi diem tinh bien kha nang toan - Bien kha nang toan toi thieu dupe xac dinh rieng cho doanh nghiep kinh doanh bao hiem phi nhan tho va doanh nghiep kinh doanh bao hiem nhan tho 1.2 NGUON VON DTTC CUA DOANH NGHIEP BAO HlEM VA TAI BAO HIEM Nguon von chu so hiru (bao gom von co dong va thang du von chu sb huu) Nguon von nhan roi tu du phong nghiep vu bao hiem (tir cac quy du phong nghiep vu bao hiem) Cac nguon hop phap khac theo quy dinh cua phap luat (cac nguon quy khac cua doanh nghiep, nguon von vay, phat hanh trai phieu ) Cac linh vuc dupe phep su dung von nhan roi de dau tu bao gom: a) Gui tien tai cac to chuc tin dung b) Mua trai phieu Chinh phu c) Mua co phieu, trai phieu doanh nghiep d) Kinh doanh bat dong san e) Gop von vao cac doanh nghiep khac - Cac doanh nghiep bao hiem thuc hien dau tu tai chinh nhung phai luon dam bao kha nang toan cua doanh nghiep Theo quy dinh, kha nang toan phai luon Ion hon bien kha nang toan toi thieu 1.3 DAC DIEM CUA CAC LINH VLJC DAU TU* TAI CHINH 94 DANH MUC TAI LIEU THAM KHAO • • Bo Ke hoach va Dau tu, 2007, “Bao cao tinh hinh kinh te - xa hoi nam 2007 va ke hoach phat trien kinh te xa hoi nam 2008”, 7uz lieu tai Hoi nghi Nhom tu vdn cac nha tai tra cho Viet Nam (CG) td chuc tai Ha Noi 6-7/12/2007 Bo Tai chinh, 2007, Thong tu sd 155/2007/TT-BTC 20/12/2007, hudng dan thi hanh Nghi dinh so 45/2007/ND-CP 27 thang nam 2007 cua Chinh phu quy dinh chi tiet thi hanh mot so dieu cua Luat Kinh doanh bao hiem Bo Tai chinh, 2007, Thong tu sd 156/2007/TT-BTC 20/12/2007, hudng dan thi hanh Nghi dinh so 46/2007/ND-CP 27 thang nam 2007 cua Chinh phu quy dinh che tai chinh doi vdi doanh nghiep bao hiem va doanh nghiep moi gidi bao hiem Bo Tai chinh, 2007, Bao cao thi trudng bao hiem nam 2007 Bo trudng Bo Tai chinh, 2003, Quyet dinh sd 153/2003/QD-BTC 22/9/2003, ve viec ban hanh he thong chi tieu giam sat doanh nghiep bao hiem Chinh phu, 2007, Nghi dinh sd 45/2007/ND-CP 27/3/2007 Quy dinh chi tiet thi hanh mot so dieu cua Luat Kinh doanh bao hiem Chinh phu, 2007, Nghi dinh 46/2007/ND-CP 27/3/2007 Quy dinh che tai chinh doi vdi doanh nghiep bao hiem va doanh nghiep moi gidi bao hiem Qudc hoi, 2000, Luat kinh doanh bdo hiem ban hanh thang 12 nam 2000, Nxb Tai chinh, 2004, trang 11-49 Tap chi Thi trudng Bao hiem - Tai bao hiem Viet Nam, 2008, “Thi trudng bao hiem Viet Nam nam 2007, budc phat trien mdi sau mot nam gia nhap WTO”, sd 1, thang 2/2008, trang 2-5 95 10 Thu tuong Chinh phu, 2003, Quyet dinh so 175/2003/QD-TTg 29/8/2003, ve viec phe duyet chien lupc phat trien thi truong bao hiem Viet Nam tu nam 2003 den nam 2010 l.Tdng cong ty co phan Tai bao hiem Quoc gia Viet Nam, cac bao cao tai chinh •> r •> r da kiem toan tu nam 2003 den nam 2007; Bao cao tai chinh chua kiem toan den 30/6/2008 12 Tong cong ty co phan Tai bao hiem Quoc gia Viet Nam, 2007, Ban cao bach chao ban cd phieu cdng chung, ban hanh kern theo giay chung nhan dang ky chao ban sd 128/UBCK-GCN Chu tich Uy ban chung khoan nha nude cap 12/7/2007 13 Tong cong ty co phan Tai bao hiem Quoc gia Viet Nam, Bao cao thudng nien nam 2006 va 2007 14 Trinh Quang Tuyen, 2008, “Thi trudng bao hiem Viet Nam nhung thang dau nam 2008”, Tap chi Thi trudng bao hiem - Tdi bao hiem Viet Nam, so 2+3, thang 8/2008, trang 1-3 96 PHU LUC Phu luc 1: Cac chi tieu phat trien chu yeu cua nganh bao hiem giai doan 1996 - 2007 Cac chi tieu chu yeu Ket cau thi trudng • Tdng so DNBH,MGBII • Doanh nghiep phi nhan tho • Doanh nghiep nhan tho • Doanh nghiep tai bao hiem • Doanh nghiep moi gidi BH Quy md thi trudng bao hiim (ty dong) • Doanh thu phi bao hiem (ty) + Phi nhan tho + Nhan tho • Doanh thu dau tu’ (ty dong) • Dong gop vao GDP (%) + Phi nhan tho + Nhan tho + Hoat dong dau tu• Phi bao hiem binh quan dau ngudi (nghin dong) Dong gop vao on dinh kinh te - xa hoi (ty dong) • Boi thudng va tra tien bao hiem (ty dong) • Lap du phdng nghiep vu de bao dam trach nhiem da cam ket (ty dong) Dau tu- tro' lai nen kinh te (tv 1999 1996 2005 2002 2006 2007 (uoc) 15 10 1 2.291 20 32 13 7.825 16 37 21 15.561 18.376 40 22 24.099 0.03 17 2.091 1.606 485 200 0.57 0.40 0.12 0.05 27 6.992 2.624 4.368 833 1.46 0.49 0.81 0.16 88 13.616 5.486 8.130 1.944 1.85 0.65 0.97 0.23 164 14.898 6.403 8.495 3.478 1.74 0.61 0.81 0.33 177 17.696 8.258 9.438 6.403 2.11 0.72 0.83 0.56 208 909 1.494 4.949 9.373 9.957 14.199 760 789 1.400 4.469 5.690 6.422 149 705 3.549 4.904 4.267 7.777 1.232 2.664 9.955 25.724 30.661 44.945 1.703 791 3.692 2.107 12.503 8.685 31.871 23.440 39.698 27.707 58.000 35.484 7.000 30.000 76.600 143.540 118.200 149.100 1 1.356 1.264 1.263 92 0.49 0.46 dong) Nang luc tai chinh nganh bao hiem • Tdng tai san (ty dong) • Tong du phong nghiep vu (ty dong) Giai quyet cong an viec lam (lao dong va dai li bao hiem) Nguon: Bo Tai chinh 97 Phu luc 2: So liro’ng cac doanh nghiep bao hiem theo khoi doanh nghiep.12 Loai hinh doanh nghiep Nha nuoc Co phan Lien doanh Tong cong 100% von nuoc ngoai 12 Bao hiem phi nhan tho Bao hiem nhan tho Tai bao hiem 19 Tdng cong 22 • Moi gidi bao hiem hhohi 16 40 Nguon: Bo Tai chinh Phu luc A: q r 13 Doanh thu phi bao hiem va thi phan theo khoi doanh nghiep Cac chi tieu Doanh thu phi bao hiem Toe tang truong Do n vi Toan thi truong Nhan tho Phi nhan tho 2006 2007 2006 2007 2006 2007 Ty ddng 6.403 8.258 8.495 9.438 14.898 17.696 % 16,71 28,97 4,49 11,10 9,41 18,78 Thi phiin Doanh nghiep nuoc % 94,67 94,37 36,65 36,52 61,58 62,61 Doanh nghiep co von dau tunuoc ngoai % 5,33 5,63 63,35 60,98 38,42 37,39 Nguon: Bo Tai chinh 12 NguSn: Bao cao thi truong bao hiem Viet Nam nam 2007 - Bo Tai chinh 13 NguOn: Bao cao thi truong bao hiem Viet Nam nam 2007 - Bo Tai chinh 98 Phu luc 3B : Doanh thu phi bao hlirri g6c theo nghiep vu nam 2006 - 2007 (ty d6ng) Nong nghiep Thiet hai kinh doanh Tin dung va rui ro tai chinh Trach nhiem chung Than tau va TNDS chu tau Chay nd Xe co1 gicri Hang khong Hang hoa van chuyln Tai san va bao hidm thiet hai Sire khde va tai nan ngu’d’i = 2006 ■ 2007 Nguon: Bo Tai chinh Phu luc 4: Thi phan doanh thu phi cua doanh nghiep phi nhan tho nam 2007 -Bao Long, 1.99% Nguon: Bo Tai chinh 99 Phu luc 5: Hoat dong tai bao hiem toan thi trading tir nam 2005-2007.U Don vi: ty dong 2007 2006 2005 Chi tieu 13.558 14.898 17.696 Phi nhan tho 5.535 6.403 8.258 Nhan tho 8.023 8.495 9.438 1.694 2.484 2.801 1.641 2.047 2.732 53 437 69 11.962 12.414 14.895 Phi nhan tho 3.992 4.356 5.526 Nhan tho 7.970 8.058 9.369 Tong phi bao hiem goc Nhuong tai thi trudng nude ngoai Phi nhan tho Nhan tho Tong phi bao hiem giu- lai Nguon: Bo Tai chinh Phu luc 6: Tinh hinh dau tir cua cac doanh nghiep bao hiem nam 2007 □ Bao hidm phi nhan tho B Bao hidm nhan tho Nguon: Bo Tai chinh 14 Nguon: Bao cao thi trudng bao hiem Viet Nam nam 2007 - Bo Tai chinh 100 Phu luc 7: Co’ cau doanh thu phi nhan tai bao hiein theo nghiep vu cua Vinare 2007 2005 Nguon: Vinare Phu luc 8: TT Chi tieu Mot so chi tieu hoat dong kinh doanh cua Vinare 15 Dan vi: Trieu dong 2003 2004 2005 2006 2007 Tong tai san 463.390 737.893 877.535 874.726 1.215.274 Doanh thu phi nhan tai bao hiem 617.258 710.754 824.849 782.844 912.405 Doanh thu thuan HD KDBH 150.490 183.683 202.156 243.315 306.546 Doanh thu HD Dau tu tai chinh 20.900 28.560 48.129 55.538 57.970 Loi nhuan thuan t£r hoat dong KD BH 1.591 8.136 8.816 15.997 25.931 15 Nguon: Bao cao kiem toan cua Vinare tit 2003 den 2007 101 Loi nhuan tir hoat dong DT tai chinh Loi nhuan khac 20.079 25.874 47.327 55.461 57.629 12 47 58 Tong loi nhuan truoc thue 21.683 34.057 56.153 71.516 83.566 Loi nhuan sau thue 15.894 25.749 42.673 60.468 73.163 Chi tieu danh gia LNST/Doanh thu thuan 9,27% 12,13% 17,05% 20,25% 20,08% LNST/Tong Tai San 3,43% 3,49% 4,86% 6,92% 6,02% LNST/V6n CSH 8,16% 11,67% 12,09% 14,72% 11,96% N/A N/A 1.244 1.714 1.873 EPS Nguon: Vinare Phu luc 9: Ket dir cac quy dur phong nghiep vu Don vi: Trieu dong Nam 2003 2004 2005 2006 2007 Dir phong phi 33.590 35.905 60.585 67.720 91.839 Du phong boi thud'ng 65.654 75.600 77.040 97.485 120.903 Du phong dao dong Ion 94.487 61.487 65.752 70.498 76.759 193.732 172.992 203.377 235.703 289.501 Tong cong Nguon: Vinare 102 Phu luc 10: Danh muc gop von co phan, lien doanh den 30/6/2008 TT Dan vi gop von Tdng von dau tu (VND) Ty le sd huu Khdi luong co phan LD Samsung - Vina 38,420,000,000 50.00% N/A Cty bao hiem PJICO 29,867,910,000 8.76% 2,942,136 Cty bao hiem PTI 27,832,000,000 7.06% 2,116,800 Cty bao hiem GIC 17,600,000,000 5.87% 1,760,000 Cty bao hiem Bao Tin 8,000,000,000 10.00% 800,000 Cty bao hiem ABIC 32,000,000,000 8.65% 3,200,000 Cty bao hiem HKI 30,000,000,000 10.00% 3,000,000 K.san SG - HL 6,000,000,000 6.00% 600,000 Cty CK Dai Nam 1,900,000,000 5.00% 190,000 10 Ngan hang Tien Phong 125,000,000,000 12.50% 12,500,000 Tong cong ■' ■ ■ ■ ■ " ■ •; ' Sys s:' ■ 316,619,910,000 si'S Si S“S ■ S: ' S < ■ ,:S ;sS: Ki - Nguon: Vinare 103 Phu luc 11: Cac thong tin lien quan den cac doanh nghiep gop von Nguon: Vinare Cong ty lien doanh TNHH Bao hient Samsung - Vina (SVI) • • • • • • Dia chi: 34 Le Duan, Quan 1, TP Ho Chi Minh Dien thoai: (84-8) 823 7812 Fax: (84-8) 823 7811 Giay phep dau tu so: 20/GP/KDBH Bo Tai chinh cap 30/08/2002 Vdn dieu le: 5.000.000 USD Linh vuc hoat dong kinh doanh: o Kinh doanh bao hiem phi nhan tho o Kinh doanh tai bao hiem o Quan ly quy va dau tu von o Cac dich vu khac co lien quan Ty le sb huu co phan cua Vinare tai Samsung Vina: 50% Cong ty co phan Bao hiem Buu dien (PTI) • • • • • • Dia chi: Tang toa nha 4A Lang Ha, Ba Dinh, Ha Noi Dien thoai: (84-4) 772 4466 Fax: (84-4) 772 4460 Giay phep lap so 41A/GPDC1/KDBH Bo tai chinh cap 21/04/2008 Von dieu le: 300 ty dong Linh vuc hoat dong kinh doanh: o Kinh doanh bao hiem phi nhan tho o Kinh doanh tai bao hiem o Dau tu von Ty le sb huu cd phan cua VINARE tai PTI: 7,06% Cdng ty Co phan Bao hiem Petrolimex (PJICO) • • • • • Dia chi: 532 dubng Lang, Ha Noi Dien thoai: (84-4) 776 0926 Fax: (84-4) 776 0868 Giay phep lap so 1873/GP-UB UBND Thanh Ha Noi cap 08 thang 06 nam 1995 Vdn dieu le: 336 ty dong Linh vuc hoat dong kinh doanh: o Kinh doanh bao hiem phi nhan tho o Kinh doanh tai bao hiem o Dau tu vdn o Kinh doanh dich vu khach san nha hang du lich 104 • o Cac dich vu khac co lien quan Ty le so huu co phan cua VINARE tai PJICO: 8,76% Cong ty co phan Bao hiem Toan Cau (GIC) • • • • • • Bia chi: 106-108 Cong Quynh, Quan 1, Thanh Ho Chi Minh Dien thoai: (84-8) 920 2627 Fax: (84-8) 920 2628 Giay phep lap so 37GP/KDBH Bo Tai chinh cap 19 thang 06 nam 2006 Von dieu le: 300 ty dong Linh vurc hoat dong kinh doanh: o Kinh doanh bao hiem phi nhan tho o Kinh doanh tai bao hiem o Quan ly quy va dau tu tai chinh o Cac hoat dong khac theo quy dinh cua phap luat Ty le so huu co phan cua VINARE tai GIC : 5,87% Cong ty co phan Bao hiem Bao Tin (BTA) • • • • • • Bia chi: 09 Tran Quoc Thao, Q.3, Tp Ho Chi Minh Bien thoai: (84-8) 933 0339 Fax: (84-8) 930 4713 Giay phep lap va hoat dong so 41GP/KDBH Bo Tai chinh cap 12/12/2006 Von dieu le: 80 ty dong Linh vuc hoat dong kinh doanh: o Kinh doanh bao hiem phi nhan tho o Kinh doanh tai bao hiem o Quan ly quy va dau tu von o Cac hoat dong khac theo quy dinh cua phap luat Ty le so huu co phan cua VINARE tai BTA: 10% Cong ty co phan Bao hiem Ngan hang Nong nghiep va Phat trien Nong thon Viet Nam (Bao Nong) • • • Bia chi: Lang Ha - Ba Dinh Ha Noi Dien thoai: Giay phep lap va hoat dong so 38GP/KDBH Bo Tai chinh cap 18/10/2006 105 • • • Von dieu le: 380 ty dong Linh vuc hoat dong kinh doanh: o Kinh doanh bao hiem phi nhan tho o Kinh doanh tai bao hiem o Dau tu von Ty le sb huu co phan cua VINARE tai Bao Nong: 8,65% Cong ty co phan Khach san du lich Sai Gon & Ha Long • • • • • • Dia chi: Dudng Ha Long, Phuong Bai Chay, Tp.Ha Long Dien thoai: (84-33) 845 845 Fax: (84-33) 845 849 Quyet dinh lap so 187/1998/QD-UB 20/1/1998 cua UBND tinh Quang Ninh Von dieu le: 100 ty dong Linh vuc hoat dong kinh doanh: o Kinh doanh luu tru tai khach san va tau du lich o Kinh doanh cac dich vu du lich o Kinh doanh dich vu lu hanh Quoc te va noi dia o Kinh doanh van chuyen khach du lich to va tau tham vinh Ty le so huu co phan cua VINARE tai khach san Sai Gon - Ha Long: 6% Cong ty bao hiem Hung Vuong • • • • • • Dia chi: 58-60 Nam Ky Khdi Nghia , Q.l, Tp Ho Chi Minh Dien thoai: (84-8) 9151832 Giay phep lap va hoat dong so 50GP/KDBH Bo Tai chinh cap 19/05/2008 Von dieu le: 300 ty dong Linh vuc hoat dong kinh doanh: o Kinh doanh bao hiem phi nhan tho o Kinh doanh tai bao hiem o Dau tu tai chinh o Cac hoat dong khac theo quy dinh cua phap luat Ty le sd huu co phan cua VINARE tai HKI: 10% Ngan hang thuong mai co phan Tien phong • • Dia chi: Vdn dieu le: 1.000 ty dong 106 • • • Giay phep lap va hoat dong so 123/GP-NHNN Ngan hang nha nude cap 5/5/2008 Linh vuc hoat dong kinh doanh: o Kinh doanh tidn te theo Luat Ngan hang va cac to chuc tai chinh o Cac hoat dong dupe phep khac theo quy dinh cua Phap luat Ty le so huu cua Vinare tai Tien phong Bank: 12,5% 10 Cong ty chung khoan Dai Nam • • • • • Dia chi: 28 Tang Bat Ho - Quan Hai ba Trung - Ha Noi Vdn dieu le: 38 ty dong Giay phep lap so 62/UBCK-GP 30/10/2007 UBCK nha nude cap Linh vuc hoat dong kinh doanh: o Moi gidi chung khoan o Tu van dau tu chung khoan o Luu ky chung khoan Ty le sd huu cua Vinare tai DNSE: 5% Nguon: Vinare 107 Phu luc 12: Cac chi' tieu tong hop danh gia hieu qua dau tu tir 2003 - 2007 Don vi: trieu dong; % Chi tieu 2003 2004 2005 2006 2007 1H 2008 Tong tai san 463.390 737.893 877.535 874.726 1.215.274 2.775.098 Nguon von CSH 194.800 220.732 353.030 410.597 611.739 1.908.616 Doanh thu thuan 171.402 212.290 250.294 298.911 364.295 321.127 Loi nhuan dau tu- 20.079 25.874 47.327 55.461 57.629 64.611 Tongloi nhuan sau thue 15.894 25.749 42.673 60.468 73.163 78.544 Cac chi tieu LNST/doanh thu thuan 9,27% 12,13% 17,05% 20,25% 20,08% 24,46% LNST/tdng tai san 3,43% 3,49% 4,86% 6,92% 6,02% 2,83% LNST/v6n CSH 8,16% 11,67%- 12,09% 14,72% 11,96% 4,11% Ty suat loi nhuan dau tu 5,86% 5.31% 7,45% 8,05% 7,16% 10 Ty suat LN dau tu/ ngudn vdn duoc phep dau tu 6,51% 7,22% 9,16% 6,7% 6,8% 4,59% 3,3% T Nguon: Vinare 108 A Boi vdi doanh nghiep kinh doanh bdo hiem phi nhan tho: a) Mua trai phieu Chinh phu, trai phieu doanh nghiep co bao lanh, gui tien tai cac to chuc tin dung khong han che; r r r b) Mua cd phieu, trai phieu doanh nghiep khong co bao lanh, gop von vao cac doanh nghiep khac toi da 35% von nhan roi tir du phong nghiep vu bao hiem; c) Kinh doanh bit dong san, cho vay, toi da 20% von nhan roi tir du phong nghiep vu bao hiem B Doi vdi doanh nghiep kinh doanh bdo hiem nhan tho: a) Mua trai phieu Chinh phu, trai phieu doanh nghiep co bao lanh, gtri tien tai cac to chuc tin dung khong han che; b) Mua co phieu, trai phieu doanh nghiep khong co bao lanh, gop von vao cac doanh nghiep khac toi da 50% von nhan roi tir du phong nghiep vu bao hiem; c) Kinh doanh bat dong san, cho vay toi da 40% von nhan roi tir du phong nghiep vu bao hiem De phan biet von dau tu tir nguon von chu so huu va nguon von tarn thdi nhan roi, cac quy dinh hien hanh yeu cau cac doanh nghiep hach toan tach bach tai san dau tu tir nguon von chu so huu va nguon von tam thdi nhan roi va bao dam viec ghi nhan cac tai san dau tu duo'c thuc hien mot each nhat quan Nguon: Vinare