Chairman and a series of leaders of a top 4 insurance company unexpectedly resign

Recently, the Military Insurance Corporation (MIC) reported to the Ho Chi Minh City Stock Exchange about the resignation of several leaders. Chairman Uong Dong Hung has resigned along with two other board members, Nguyen Thi Thuy and Ngo Bich Ngoc. Two members of the supervisory board also submitted their resignation letters. This event occurred ahead of the annual general meeting scheduled for March 31, 2025. Uong Dong Hung has nearly 20 years of experience in finance, previously holding significant positions at the Military Commercial Joint Stock Bank (MBBank). Despite facing challenges due to Typhoon Yagi, MIC maintained its position as a top 4 non-life insurance revenue company, reporting 5.017 trillion VND in gross insurance revenue for 2024, an increase of 7.2% from the previous year, though pre-tax profit fell by 12.5%.