The Ministry of Finance has granted approval allowing Dai-ichi Life Holdings to establish a representative office in Hanoi, as announced by Seiji Inagaki, president and representative director of the leading Japanese life insurer, on July 8.
|Dai-ichi Life Holdings’ headquarters in Japan
In 2007, Dai-ichi Life Holdings established its Vietnamese arm as the first international life insurance business in the Southeast Asian country. Since its foundation, Dai-ichi Life Vietnam has achieved exceptional growth and maintained its position as one of the top performers in the life insurance market.
Group president Inagaki pointed out that Vietnam has achieved remarkable economic growth and its life insurance market has expanded.
“We see further market expansion supported by sustainable economic development and a population of approximately 96 million people. We already send staff to Dai-ichi Life Vietnam’s headquarters in Ho Chi Minh City and, in addition, we are establishing a representative office in Hanoi, and sending new staff to represent us,” said Inagaki.
The Hanoi representative office will not only conduct research and surveys on the insurance market and regulatory trends, but also work on building relationships with relevant local authorities and Japanese companies in Vietnam. Moving forward, Dai-ichi Life Group will continue creating sustainable values by fully utilising its global trilateral structure which includes Japan, North America, and Asia-Pacific.