Taiwanese life insurer starts operations in Vietnam

Taiwan-invested Fubon Vietnam Life Insurance Company Thursday made its debut in Hanoi’s Ba Dinh District, marking the official operations in Vietnam market.

The firm, providing life insurance and health insurance services, will focus on the payback insurance products, progressive models and progressive education funds, said Lee Huei Yuan, the company's Chairman.

Fubon Vietnam Life Insurance Company will utilize the successful experiences from its parent company from Taiwan in building the trade mark, training the professional human resource, providing high quality products, and expanding the distribution channel.

Besides its Vietnamese headquarter in the capital city, it will also establish a branch office in Ho Chi Minh City.

Taiwanese Fubon Life Insurance, founded in 1993 in Taipei, is the second biggest life insurer in Taiwan.

It announced that its application to establish a wholly-owned non-life insurance company in Vietnam has been approved and awarded a license of operation by the Ministry of Finance on July 01, 2008.

tuoitrenews

>   Bankers fear new policies will make profits low in 2011 (18/03/2011)

>   Without invoices, businesses are left in the lurch (17/03/2011)

>   Workers in mining and metallurgy getting best wages in Vietnam (17/03/2011)

>   Finance sector looks to improve five-year strategy (17/03/2011)

>   PM asks ministries to keep close eyes on prices (17/03/2011)

>   Interest rates to fall in second half (16/03/2011)

>   US dollar interest rates to head south (16/03/2011)

>   SBV requires credit institutions to meet personal foreign exchange demand (16/03/2011)

>   ANZ Bank receives Asian banker’s best house lending award (16/03/2011)

>   Foreign exchange shops shut down, banks close doors to buyers (16/03/2011)