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The joint venture has charter capital of VND1 trillion (US$48 million). — Photo ndh
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HA NOI (Biz Hub) — A MetLife Life Insurance office opened yesterday in Ha Noi.
This follows the issue of a business licence by the Ministry of Finance on July 21.
The joint venture has charter capital of VND1 trillion (US$48 million), of which 60 per cent comes from MetLife and the rest from the Bank for Investment and Development of Viet Nam, and the Bank for Investment and Development of Viet Nam Insurance (BIC).
The partnership involves an agreement whereby BIDV MetLife's products will be made available through BIDV's national bank network. — VNS