The AIA life insurance group will work in the long run in Vietnam and hopes to be facilitated to expand its products, President and Executive Director Mark Edward Tucker said.

Tucker made the remarks while meeting with Vice Chairwoman of the National Assembly Nguyen Thi Kim Ngan in Hanoi on February 5.

The Vietnamese legislator said she welcomed the AIA’s activities to support underprivileged, disabled children, orphans, and flood victims, alongside business operations meeting financial protection and accumulation purposes of organisations and individuals.

She underlined the Vietnamese State’s policy of opening the insurance market in line with international commitments, and encouraging various operation forms of insurance businesses at home and abroad.

In the coming time, the State-run insurance agency will improve policies and mechanisms in the field to help businesses weather difficulties and secure sustainable market development.

She suggested the AIA continue to strengthen legal business activities and help Vietnam improve the legal framework for the insurance business environment via exchanging information on business practices and international standards.-VNA