Company Overview - Prudential has been operating in Vietnam for over 26 years and was the first foreign insurer to establish a representative office in the country in 1999, currently serving more than 1.3 million customers nationwide [2][3] Growth Prospects - The CEO of Prudential expressed confidence in Vietnam's growth prospects, highlighting the country as one of Asia's most dynamic and fast-growing economies [3] Commitment to Economic Development - Prudential is committed to partnering with policymakers and regulators to support Vietnam's economic growth agenda, deepen capital markets, and contribute to the development of Vietnam as an international financial center [4][6] Role in Capital Markets - Prudential Vietnam, along with its asset management arm Eastspring Vietnam, is a leading insurer and asset manager in the country, involved in initiatives to develop Ho Chi Minh City and Da Nang into international financial centers [6] Regulatory Alignment - The company emphasizes the importance of aligning regulations with international standards, strengthening risk-based capital frameworks, and encouraging product innovation to attract long-term investment [7] Investment in Local Economy - Prudential has reinvested insurance funds into Vietnam's economy through government bonds, corporate bonds, and listed equities, holding a portfolio valued at VND90,652 billion (US$3.45 billion) [8] Financial Performance - In the first half of 2025, Prudential Vietnam reported total claims expenses and other insurance benefits exceeding VND7,410 billion (US$282 million), an increase of 8.5% year on year, accounting for over 25% of total claims and benefits paid nationwide [9]
Prudential plc CEO reinforces long-term commitment to Vietnam during market visit