Prudential plc executives called on National Assembly Chairman Vuong Dinh Hue and the high-level delegation he led to Britain to attend the Vietnam – UK High-level Forum on Economy and Trade to discuss the Vietnamese Government's priorities and the role of insurers in increasing financial inclusion in the country.
This meeting was aimed at strengthening relationships and underlining Prudential's commitment to Viet Nam.
After the two-year-long COVID-19 pandemic, Prudential is focusing on building a resilient business to best serve its customers. Insurers like Prudential play an important role in developing innovative savings and protection products to meet Vietnam's evolving needs while strengthening and deepening its capital markets and harnessing new technology to increase financial inclusion.
Shriti Vadera, Prudential's chairwoman, said "The world still faces significant economic headwinds, but we are optimistic about the year ahead – and I know the same is true of the Vietnamese economy, with the very robust 5 per cent growth figures for the first quarter of 2022, given the wider conditions."
Hue congratulated her firm for its success globally including in Viet Nam, and expressed the hope it would continue operating successfully in the country and fulfil its social responsibility.
He said the Vietnamese government and the National Assembly are ready to address the problems businesses face when operating in Viet Nam, including those from the UK.
Prudential pledged to cooperate with the Vietnamese Government in three key initiatives: Green Finance, InsurTech, and development of HCM City into an international financial hub.
In terms of Green Finance, with the government’s commitment to reach net-zero emissions by 2050, Prudential is focused on supporting a just and inclusive transition, particularly of the country's energy systems.
As a substantial investor in Viet Nam's domestic capital markets, Prudential is in a strategic position to enter green finance.
To further support the financing of renewable energy and development of social and green bonds in Vietnam, greater depth of rating agencies and breadth of coverage are the important next steps.
These can help Vietnam get closer to its net-zero targets and further establish itself as a regional leader in green finance.
Insurance tech: As a leading insurance player in the market, Prudential uses digitisation as an enabler for providing customers with innovative products, distribution and servicing.
The Pulse application, Prudential's health and wellness platform, has shown how technology and insurance are a perfect match in providing new and innovative services to consumers.
Although Insur-tech for life insurance is still in its infancy, collaboration between relevant authorities and the industry can bring new and interesting solutions that will benefit the Vietnamese people.
Development of HCM City into an international financial hub: Prudential expressed its commitment to Viet Nam as one of its key strategic markets in Asia.
Prudential has significant experience in operating life and asset management companies in both mature and emerging markets under various policy frameworks.
It has leveraged this valuable knowledge to share and advise governments and other stakeholders in various policy development settings. — VNS
- Hanoi to elect high-profile personnel at three-day meeting
- Top lawmaker attends Brussels meet
- Trump nominee to top Pentagon post retweets 'martial law is not a bad idea' and call by pardoned national security advisor Mike Flynn to suspend the constitution
- Vaccine can't undo damage from COVID-19; it’s time to reset: UN chief Guterres
- Britain will send in gunboats over Brexit: Four Royal Navy vessels will guard UK fishing waters against French trawlers if there is No Deal - as Macron refuses to give up 'his share of the cake' but PM says lack of red tape will be 'wonderful'
- Legislature mulls draft law on preventing effects of alcohol, beer
- VIETNAM NEWS DECEMBER 1
- VIETNAM NEWS DECEMBER 7
- VIETNAM NEWS DECEMBER 6
- VIETNAM BUSINESS NEWS HEADLINES DECEMBER 7
- VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 30
- VIETNAM NEWS NOVEMBER 30
National Assembly chief Vuong Dinh Hue meets Prudential brass during UK visit have 708 words, post on bizhub.vn at July 1, 2022. This is cached page on VietNam Breaking News. If you want remove this page, please contact us.