AIA Group urged to expand investment in Vietnam

August 16, 2017 | 12:37

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Deputy PM Vuong Dinh Hue on August 15 in Ha Noi received Chief Executive and President of AIA Group Limited Ng Keng Hooi.

Deputy PM Vuong Dinh Hue receives Chief Executive and President of AIA Group Limited Ng Keng HooiHa Noi, August 15, 2017

At the reception, Ng Keng Hooi hailed the Vietnamese Government’s efforts to improve local investment and business climate over the past years and described Vietnam as a promising market for financial investors.

AIA will continue to invest in Viet Nam’s long-term G-bonds and pay heed to life insurance in the country, he said.

AIA is the largest independent publicly listed pan-Asian life insurance group – with a presence in 18 markets across the Asia-Pacific region.

In turn, Deputy PM Vuong Dinh Hue highlighted opportunities for AIA Group Limited to invest in Viet Nam’s potential life insurance market.

He told his guest that the Vietnamese Government will adopt more proper policies to make it easier for businesses, including AIA, to become involved in the local insurance market.

Mr. Hue also called on AIA and other life insurance companies to diversify their products so as to meet demands of Vietnamese customers.

The Deputy PM suggested the group participate in Viet Nam’s derivatives market, saying AIA will have more changes to expand their financial investment in the country as the Vietnamese Government will take a score of measures to restructure the financial and banking sectors and equitise State-owned enterprises.

VGP

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