New insurance firm opens doors

The PVI Sun Life Company has become the latest life insurance company to do business in Viet Nam, launching its operation and sales on Sunday in HCM City.

 The company, which received its licence in January, has a charter capital of VND1 trillion (US$48 million) 51 per cent of which is accounted for by local firm PVI Holdings; and the remaining 49 per cent by its Canadian partner, Sun Life Financial.

Initially, the new company is offering termed return of premiums and personal accident products. It plans to add several products later on, including healthcare, retirement and corporate solutions.

vietnamnews

>   TienPhong raises charter capital (18/06/2013)

>   Dong/dollar exchange rate to cool down in July (18/06/2013)

>   Credit growth prospects looking brighter (18/06/2013)

>   Credit growth prospects looking brighter (18/06/2013)

>   M&As top of the pops (17/06/2013)

>   Vietnam may cut 50-70 percent of auto taxes and fees (15/06/2013)

>   VAFI: Two credit rating agencies suffice for VN (15/06/2013)

>   Bad debts decrease, but worries still exist (14/06/2013)

>   Monetary and fiscal policies go their separate ways (14/06/2013)

>   Dollar price increase raises rumor about dong devaluation (14/06/2013)