Dai-ichi Life Vietnam, a subsidiary of Dai-ichi Life Group, has come away with a major award for the 11th year in a row. The entire Dai-ichi Life Vietnam family is looking towards more success and recognition in the coming years Dai-ichi Life Vietnam has been named best life insurance company at the Golden Dragon Awards Ceremony, held in Hanoi this past April, demonstrating the solid and sustainable trust built between the company, its customers, and the community. Tran Dinh Quan, general director of Dai-ichi Life Vietnam, said, “After 12 years of incessant efforts to build up customer trust, we are delighted and proud to receive the Golden Dragon Awards for the eleventh consecutive year. This shows that our commitment of providing excellent products and services of Japanese quality has been recognised by the community.” “This award is great encouragement for Dai-ichi Life Vietnam to continue striving towards our goals of innovation and premier product … [Read more...] about Dai ichi Life Vietnam: the best rather than the largest
30 year level term life insurance
The Hanoitimes - South Korea remained Vietnam’s top investor, posting annual registered capital of FDI in range of US$7 – US$9 billion over the last five years. South Korea’s SK Group to invest US$1 billion in Vietnam’s Vingroup: Bloomberg South Korea’s unicorn Woowa Brothers acquires Vietnam’s food delivery Vietnammm South Korea’s major conglomerates seek investment expansion in Vietnam South Korea’s leading corporations tap into Vietnam’s finance - banking sector Vietnam – South Korea relations are built on high level of mutual trust, and the two countries share similarities in culture and history, according to South Korea Ambassador to Vietnam Kim Do Hyon. Overview of the conference. Source: Ngoc Thuy. “Being the host of the second North Korea – US summit, Vietnam plays a key role facilitating cooperation between the North and the South,” Kim said at the eighth International … [Read more...] about Vietnam – South Korea relations built on high level of mutual trust: Amb.
The Hanoitimes - Vietnam’s market has 18 life insurers, of which only Bao Viet Life Insurance is Vietnamese while the rest are wholly foreign-owned companies or joint ventures. The domestic fast-growing insurance market has prompted many foreign companies to step up their presence in Vietnam in the past years. Foreign insurers have launched many special products to attract customers Vietnam’s insurance sector has targeted revenue of VND129.24 trillion (US$5.52 billion) this year, up 22.38 percent against 2017. If it hits the target, it would be the fifth consecutive year the insurance industry has posted annual growth of more than 20 percent. The industry’s total revenue surged by 21.2 per cent to VND105.61 trillion in 2017. Phung Ngoc Khanh, general director of the Ministry of Finance’s Insurance Supervisory Authority, said that Vietnam’s insurance market had high potential as the number of customers remained low while incomes and awareness … [Read more...] about Foreign firms dominate Vietnam’s life insurance market
It has been 30 years since Viet Nam promulgated the Law on Foreign Investment on December 29, 1987. This was an important milestone that made it possible for Viet Nam to open up its economy and integrate with the world. Many global leading companies have entered Viet Nam, such as Coca-cola, Intel, Canon, Samsung, Toyota, FedEx and others. More importantly, most of these corporations are looking to expand business here in the long run. A World Bank expert and representatives from foreign direct investment (FDI) enterprises, including Coca-cola and Canon, have made comments on the country’s 30 years of progress in attracting FDI Sebastian Eckardt, World Bank Sebastian Eckardt, World Bank’s Lead Economist for Viet Nam Viet Nam has been quite successful in attracting FDI ever since the country opened up to foreign investment. If we look at the impact, we can say that FDI has really contributed in various ways, including industrialisation, where a lot of investment went into … [Read more...] about After 30 years, FDI still pays dividends for VN
Vietnam International Bank (UPCoM: VIB) has released its unaudited financial statement for the first half of 2018 with positive performance in key indicators of pre-tax profit, total deposits, and lending as well as non-performing loans (NPL). Accordingly, VIB reported VND1.151 trillion ($51.15 million) in pre-tax profit in the first six months of the year, up 216 per cent on-year. Net revenue increased by 56 per cent to VND2.701 trillion ($120.04 million), while operating expenses picked up by some 16 per cent to VND1.316 billion ($58.48 million) on-year. Credit loss provisions were kept at a low level of VND234 billion ($10.4 million) at the end of the period. Lending and deposits reached VND91.7 trillion ($4.075 billion) and VND83.168 trillion ($3.69 billion), advancing by 8.94 and 7.1 per cent on-year. The Hanoi-based lender was also able to manage its other financial ratios, including the ratio of short-term deposits used for long-term loans at 40.7 per cent … [Read more...] about VIB reports over 200 per cent swell in half year profit