Manulife Vietnam reports strong growth in Q1

May 23, 2012 | 11:05

(0) user say

Manulife Vietnam has just reported it had achieved a strong growth in insurance sales in the first quarter of 2012, with a year-on-year increase of 34% in annualized premium equivalent (APE).

In addition to the business growth, the insurance service provider saw its agency force expand 31% over the same period last year.

Chung Ba Phuong, CEO and General Director of Manulife Vietnam, said: “The results have proved the effectiveness of our consistent development strategies. Continuing the momentum of success from 2011, we have entered 2012 with a powerful strategic ambition to be a key growth engine for Manulife in the region.”

Also in the first quarter, Manulife Vietnam opened a new sales office in Halong City, Quang Ninh Province, increasing its network to 17 offices in 13 cities nationwide. This business expansion demonstrates Manulife’s long-term commitment to the Vietnamese market.

With such achievements, Manulife Vietnam will continue towards its vision to be among the most professional financial services organizations in Vietnam.

Manulife Vietnam is the first 100% foreign-owned life insurance company in Vietnam, a subsidiary of Canada’s Manulife Financial. Manulife has been operating in Vietnam since June 1999.

Manulife Vietnam provides financial services to more than 300,000 customers through a network of over 10,000 agents. The company offers a wide range of insurance products to help its customers feel financially secure with a life insurance plan that meets their specific needs.

Manulife Vietnam remains committed to supporting the communities, in which it conducts business in both educational and charitable activities. Since 1999, the life insurer has donated a total of more than VND10 billion for community activities in Vietnam.

SaigonTimes

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional