The Bao Viet Insurance Company and its strategic partner Sumitomo Life of Japan on October 16 inked a plan on the implementation of a technical support and capability transfer agreement for the first phase.

The agreement was signed on December 20 last year after fact-finding tours by both sides to study their business operation and development demand.

Under the plan, the Japanese insurer will support its Vietnamese partner in life insurance, non-life insurance and risk management within one year.

Bao Viet General director Tran Trong Phuc said the agreement is expected to help the group become a leading finance-insurance one in Vietnam-VNA