AIA urged to expand investment in Vietnam
VOV.VN - Deputy Prime Minister Vuong Dinh Hue highlighted opportunities for AIA Group Limited to invest in Vietnam’s potential life insurance market while meeting Ng Keng Hooi, Chief Executive and President of AIA Group Limited on August 15 in Hanoi.
Hue told his guest that the Vietnamese Government will adopt more proper policies to make it easier for businesses, including AIA, to become involved in the local insurance market.
The Deputy PM also called on AIA and other life insurance companies to diversify their products so as to meet demands of Vietnamese customers.
He suggested the group participate in Vietnam’s derivatives market, saying AIA will have more changes to expand their financial investment in the country as the Vietnamese Government will take a score of measures to restructure the financial and banking sectors and equitise State-owned enterprises.
For his part, Ng Keng Hooi hailed the Vietnamese Government’s efforts to improve local investment and business climate over the past years and described Vietnam as a promising market for financial investors.
AIA will continue to invest in Vietnam’s long-term G-bonds and take heed to attention to life insurance in the country, he said.
AIA is the largest independent publicly listed pan-Asian life insurance group – with a presence in 18 markets across the Asia-Pacific region.