Deputy PM meets Mitsui Sumitomo President

(VOV) -Deputy Prime Minister Vu Van Ninh has received Sato Yoshio, President and CEO of the Mitsui Sumitomo Insurance Company, on December 20.

The Deputy PM praised the company’s decision to purchase shares in BaoViet Insurance.

He said the Vietnamese insurance market has suffered stunted development  and failed to attract investment commensurate to the Vietnamese population’s potential.

The cooperation between the two leading insurance firms will open up the chance for successful development, greatly contributing to economic growth for both countries.

Mr Ninh recognised Japan as one of Vietnam’s top strategic partners, noting the two nations’ plans for numerous economic, cultural, and educational exchanges to celebrate the 40th anniversary of Vietnam-Japane diplomatic ties (September 21).

Sato Yoshio said his company plans to expand its business overseas, especially in the rapidly developing Vietnamese market.