Prudential Vietnam is involved in many community activities in Viet Nam. — VNS

Prudential Vietnam has obtained approval from the Ministry of Finance to increase its charter capital to VND4.128 trillion (US$180.57 million).

Besides generally strengthening the company’s financial capacity, the additional capital will also enable it to further invest in enhancing its products and services and expanding its reach across the country.

In recent years Prudential has seen business expand. In 2017 it reported revenues of VND16.019 trillion, an increase of 20 per cent.

It paid out VND6.261 trillion in insurance settlements.

Its total investment into the economy was VND66.241 trillion, the highest by a life insurance company in the country in 2017.

In line with its long-term business strategies, Prudential has acquired VND5.188 trillion and VND2.1 trillion worth of 30-year and 20-year bonds. — VNS