Prudential Vietnam has got approval from the Ministry of Finance to increase its chartered capital to 4,128 billion VND (around 181.8 million USD)(Source: laodongthudo.vn) Hanoi (VNA) - PrudentialVietnam has got approval from the Ministry of Finance to increase its charteredcapital to 4,128 billion VND (around 181.8 million USD).
The move affirmed thecompany’s commitment to make long-term investment in the Vietnamese market.
Besides strengtheningthe company’s financial capacity, the additional capital will also enablePrudential Vietnam to further improve its products and services and expandingits reach across the country.
In recent years,Prudential Vietnam has actively expanded its business activities and recordedstrong growth. In 2017, it reported revenues of 16,019 billion VND (some 705.7million USD), an increase of 20 percent year on year.
It paid out 6,261 billionVND (275.8 million USD) in insurance settlements last year.
The company’s totalassets were valued at 74,112 billion VND (3.26 billion USD) by the end of 2017,while its total investment into the economy was 66,241 billion VND (2.91billion USD) in 2017, the highest by a life insurance company in the country.
In line with itslong-term business strategies, Prudential Vietnam has acquired 5,188 billion VND(228.5 million USD) and 2,100 billion VND (92.5 million USD) worth of 30-yearand 20-year bonds.
Showingappearance in Vietnam in 1995 and officially commencing operations in 1999 withthe motto of “Always Listening. Always Understanding”, Prudential Vietnam hassuccessfully been the pioneer of the life insurance sector.
Thebusiness system of Prudential Vietnam has stretched nationwide with more than300 customer care centres and branches located in 63 cities and provinces ofVietnam thanks to the cooperation with seven partner banks.
Prudential Vietnam has achieved multipleawards from domestic and foreign prestigious organisations. Especially, in2014, it was awarded a second-class Labour Order by the Vietnamese President inrecognition for its contributions to the country’s socio-economic development.
Along with business activities,Prudential Vietnam has paid due attention to the social contributions for thecommunity development and sustainable growth purposes.-VNA
The move affirmed thecompany’s commitment to make long-term investment in the Vietnamese market.
Besides strengtheningthe company’s financial capacity, the additional capital will also enablePrudential Vietnam to further improve its products and services and expandingits reach across the country.
In recent years,Prudential Vietnam has actively expanded its business activities and recordedstrong growth. In 2017, it reported revenues of 16,019 billion VND (some 705.7million USD), an increase of 20 percent year on year.
It paid out 6,261 billionVND (275.8 million USD) in insurance settlements last year.
The company’s totalassets were valued at 74,112 billion VND (3.26 billion USD) by the end of 2017,while its total investment into the economy was 66,241 billion VND (2.91billion USD) in 2017, the highest by a life insurance company in the country.
In line with itslong-term business strategies, Prudential Vietnam has acquired 5,188 billion VND(228.5 million USD) and 2,100 billion VND (92.5 million USD) worth of 30-yearand 20-year bonds.
Showingappearance in Vietnam in 1995 and officially commencing operations in 1999 withthe motto of “Always Listening. Always Understanding”, Prudential Vietnam hassuccessfully been the pioneer of the life insurance sector.
Thebusiness system of Prudential Vietnam has stretched nationwide with more than300 customer care centres and branches located in 63 cities and provinces ofVietnam thanks to the cooperation with seven partner banks.
Prudential Vietnam has achieved multipleawards from domestic and foreign prestigious organisations. Especially, in2014, it was awarded a second-class Labour Order by the Vietnamese President inrecognition for its contributions to the country’s socio-economic development.
Along with business activities,Prudential Vietnam has paid due attention to the social contributions for thecommunity development and sustainable growth purposes.-VNA
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