Aviva Viet Nam makes debut

Friday, Sep 01, 2017 09:50

Aviva Vietnam made its official debut in Ha Noi on Wednesday. — Photo aviva.com.vn

Aviva Vietnam Life Insurance Company Limited (Aviva Vietnam) officially made its debut in Ha Noi on Wednesday and announced its long-term development strategy with the aim of becoming the first fully digital integrated insurer in Viet Nam and carry out community development programmes that benefit all customers and society as a whole.

Aviva started its life insurance business in Viet Nam in 2011 with its predecessor – Vietinbank Aviva Insurance Company - a joint venture between Aviva Group and Viet Nam Joint Stock Commercial Bank for Industry and Trade (Vietinbank).

In April 2017, Aviva Group completed the acquisition of a 50 per cent stake in Vietinbank at Vietinbank Aviva and established Aviva Vietnam.

After the acquisition, Aviva Vietnam increased its charter capital by VND850 billion (US$37.54 million) to VND1.655 trillion ($72.6 million).

Increasing charter capital reflected the long-term commitment of the UK-based Aviva Group to invest in Viet Nam, according to Chris Wei, Aviva Asia’s executive chairman.

He said Aviva Vietnam would invest substantially in building its digital capabilities and information technology infrastructure in order to meet the evolving needs of Vietnamese customers.

Aviva Vietnam aims to become a fully digital-integrated company in Viet Nam by 2020 with the best services and advanced technology, offering convenience and premium services to customers. — VNS

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