AIA Group envisions long-term investment, cooperation in Vietnam
AIA Group wants to continue long-term investment and cooperation in the Vietnamese market, making practical contributions to the country’s socio-economic development, its Independent Non-executive Chairman Mark Tucker told Deputy Prime Minister Ho Duc Phoc at their meeting in Hanoi on December 12.
At the reception, Phoc noted that Vietnam is currently implementing groundbreaking solutions to foster socio-economic development, with the ambition of becoming a developed nation by 2045. As people’s incomes rise, demand for insurance from both households and businesses is increasing. In the coming period, Vietnam will prioritise developing the green finance, digital asset markets, the insurance industry, and the strengthening of its social security system.
The Deputy PM praised AIA’s operations in Vietnam and expressed his wish for the group to expand its investment through both direct and indirect channels, such as bond investment and innovation initiatives, following sustainable models that simultaneously support business development and ensure benefits for policyholders.
For his part, Tucker highly valued the Vietnamese Government’s efforts to develop the insurance sector and enhance customer trust, particularly following the National Assembly’s recent adoption of a new law that streamlines business conditions for insurers.
Expressing strong interest in Vietnam’s plan to develop an international financial centre, Tucker said AIA, with its extensive global experience, could advise on optimal models for operating such a centre, and provide insights in insurance, finance and banking, and the application of science, technology and digital transformation in insurance.
Phoc welcomed this interest and voiced his hope that Tucker would invest directly in Vietnam’s future international financial centre.
He also discussed the potential for cooperation between AIA and leading Vietnamese state-owned and private enterprises as well as government agencies, particularly in science, technology, innovation and digital transformation, on the basis of win-win and mutual benefit.
Over 25 years of operation in Vietnam, AIA has achieved positive results. Its premium revenue ranks among the top five life insurers, reaching nearly VND14.83 trillion (US$563.71 million) in 2024 and an estimated VND15.73 trillion in 2025, equivalent to around 10% of the market share. In the past five years, AIA Vietnam has contributed nearly VND140 billion to charitable activities and sustainable development programmes.
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