The ceremony to mark Dai-ichi Life's 10th anniversary in Vietnam. (Source: VNA)
 
Hanoi (VNA) - Insurance provider Dai-ichi Life Vietnam has received a licence to raise its capital to 117 million USD, from 100 million USD, so as to invest in new distribution channels in Vietnam.

With this go-ahead from the finance ministry, Dai-ichi Life Vietnam will become one of the top life insurance companies in terms of market capitalisation in the country.

“Dai-ichi Life Vietnam commits to become a ‘lifetime partner’ with Vietnam and Vietnamese people by striving to pioneer new aspects, bring significant change for the sake of the community and realise our objective of becoming the best life insurer in Vietnam,” said Takashi Fujii, chairman of Dai-ichi Life Vietnam.

In 2016, Dai-ichi Life Vietnam’s total premium for the year crossed 5,300 billion VND (235.5 million USD), an increase of 51 percent over 2015, and a 14.4-time rise since it was established in 2007.-VNA