Bao Viet Securities Company (BVSC) is the first securities company in Vietnam, with the founding shareholder being Vietnam Insurance Corporation (Bao Viet) which operates under supervision of the Ministry of Finance. BVSC officially started operation on 26 November 1999 pursuant to Business License No. 01/GPHDKD issued by the State Securities Commission of Vietnam. On 28 November 2005, the Prime Minister signed Decision No. 310/2005/QD-TTg approving the Equitization Plan of Vietnam Insurance Corporation and the pilot scheme to establish Bao Viet Finance-Insurance Group. On 15 October 2007, Bao Viet Finance-Insurance Group completed its equitization process and became a joint stock company. Accordingly, BVSC becomes a member of Bao Viet Group.