Prime Minister Nguyen Xuan Phuc (R) and Philippe Donnet, Director General of the Italian life insurance group Generali (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc wished theItalian life insurance group Generali success in doing business in Vietnamduring his reception in Hanoi on June 22 for the group’s Director GeneralPhilippe Donnet and the Italian Ambassador to Vietnam Cecilia Piccioni.
The PM said the life insurance market in Vietnam is still small, butwith a population of nearly 100 million, the market has great potential fordevelopment.
He stressed that with stable socio-political situation, extensiveinternational integration and full adherence to commitments to the World TradeOrganisation, Vietnam provides a good environment for economic growth and thedevelopment of life insurance market.
Philippe Donnet said he was impressed by Vietnam’s growth in the pasttime, noting that the growth is a favourable condition for the development ofthe life insurance market.
According to Donnet, his group has gained certain success during itsnearly one decade operation in Vietnam. He expressed his hope that theVietnamese Government and the Prime Minister will facilitate the group’sbusiness.
In response, PM Phuc said Generali, which is the leading life insurancecompany in Italy, should adopt suitable operation methods and cooperate withVietnamese partners and agencies to increase the number of people participatingin life insurance.
The Government leader reiterated the Vietnamese Government’s intentionto continue refining institutions and policies to facilitate foreign investors’operation in Vietnam, including in the insurance sector.
He urged Philippe Donnet and the Italian Ambassador to campaign for theItalian Government’s support and adoption of the Vietnam-EU Free TradeGovernment.
The PM asked Ambassador Cecilia Piccioni to work closely with theVietnamese side to well organize the celebration of the 45th anniversary of Vietnam-Italy diplomatic relations this year.-VNA
VNA
