We attended BMI’s AGM on April 23, with the main agenda of discussion being the 2021 business plan, increasing charter capital via a stock dividend and the election of a new Chairman. The Q&A session focused on increasing the foreign ownership limit (FOL), a potential divestment by the State Capital Investment Corporation (SCIC) and AXA, and the current state of the commercial relationship between BMI and HD Saison. 2021 guidance includes total insurance premium of VND5tn/USD218mn