Insurer FWD Group confirmed on November 12 its purchase of Vietcombank-Cardif Life Insurance (VCLI), an unit of Vietnam’s largest listed lender by market value, Vietcombank.
Deputy Prime Minister Vuong Dinh Hue has proposed FWD Insurance of the Pacific Century Group participate in green financial funds for start-up and innovation projects in Vietnam.
Insurer FWD Group Ltd. is nearing an agreement to pay about 400 million USD for a unit of the Bank for Foreign Trade of Vietnam JSC (Vietcombank), and a long-term insurance distribution agreement with the bank, Bloomberg reported.
As part of its first anniversary celebrations, FWD Vietnam Life Insurance Company Ltd gave gifts to inmates at the Thanh Loc Paralyzed Elder Nursing Centre in Ho Chi Minh City’s District 12 and the Centre for Social Protection No 4 in Ba Vi, Hanoi and its staff spent time with them and did voluntary work.
Hong Kong based insurer FWD Group is working to quickly establish its presence in Vietnam as the country has a huge growth potential on insurance market with more than 90 million people.