AIA Vietnam and VPBank strengthen long-term strategic partnership

March 15, 2022 | 17:21
AIA Vietnam and VPBank on March 15 announced that the former has extended its long-term strategic partnership with the latter for four more years.

AIA and VPBank have just agreed to a new exclusive bancassurance agreement, extending the existing partnership for an additional four years.

Brought together by a shared set of values, with AIA's purpose of helping people live healthier, longer, and better lives and VPBank's mission to thrive for a prosperous Vietnam, the companies have developed a strong working relationship since the initial partnership was signed in 2017.

AIA Vietnam and VPBank strengthen long-term strategic partnership
Wayne Besant, CEO at AIA Vietnam, and Nguyen Duc Vinh, CEO at VP Bank, agreed to extend their strategic partnership

The move aims to continue providing customers with access to holistic financial products and services, including market-leading life insurance products and services and comprehensive healthcare programmes. Innovative products and a strong focus on enhancing the mental, physical, and financial well-being of Vietnamese will be a core focus of the enhanced partnership.

VPBank and AIA Vietnam are two of the leading financial institutions in the country. Since the agreement was initially signed in 2017, VPBank has been among the banks with the highest sales of life insurance. Currently, the bank ranks third in the market. So far, AIA's life insurance has been deployed in more than 250 branches of the bank.

So far, AIA's life insurance has been deployed in more than 250 branches of the bank.

VPBank is the leading consumer finance bank in Vietnam and has been voted as the leading digital bank by domestic and international organisations for consecutive years.

Meanwhile, AIA is the largest independent publicly listed pan-Asian life insurance group with a strong and growing presence in Vietnam. It is also the first and only life insurer in Vietnam to win the Asian Technology Excellence Awards in 2021.

AIA Vietnam and VPBank strengthen long-term strategic partnership
VPBank and AIA Vietnam are two of the leading financial institutions in the country

“The extension of the exclusive partnership between VPBank and AIA Vietnam will allow us to continue to enhance the protection, long-term savings solutions and health and wellness needs of more families in Vietnam,” said Wayne Besant, CEO at AIA Vietnam.

Nguyen Duc Vinh, CEO at VPBank said, “In addition to enhancing the service proposition to our customers, we are excited about the extension of our partnership with AIA to bring further innovative products and services to the market, providing more financial solutions to our customers for their future well-being.”

By Anh Duc

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