At the reception, Phoc noted that Viet Nam is currently implementing groundbreaking solutions to foster socio-economic development, with the ambition of becoming a developed nation by 2045. As people’s incomes rise, demand for insurance from both households and businesses is increasing. In the coming period, Viet Nam will prioritise developing the green finance, digital asset markets, the insurance industry, and the strengthening of its social security system.
The Deputy PM praised AIA’s operations in Viet Nam and expressed his wish for the group to expand its investment through both direct and indirect channels, such as bond investment and innovation initiatives, following sustainable models that simultaneously support business development and ensure benefits for policyholders.
For his part, Tucker highly valued the Vietnamese Government’s efforts to develop the insurance sector and enhance customer trust, particularly following the National Assembly’s recent adoption of a new law that streamlines business conditions for insurers.
Expressing strong interest in Viet Nam’s plan to develop an international financial centre, Tucker said AIA, with its extensive global experience, could advise on optimal models for operating such a centre, and provide insights in insurance, finance and banking, and the application of science, technology and digital transformation in insurance.
Phoc welcomed this interest and voiced his hope that Tucker would invest directly in Viet Nam’s future international financial centre.
He also discussed the potential for cooperation between AIA and leading Vietnamese state-owned and private enterprises as well as government agencies, particularly in science, technology, innovation and digital transformation, on the basis of win-win and mutual benefit.
Over 25 years of operation in Viet Nam, AIA has achieved positive results. Its premium revenue ranks among the top five life insurers, reaching nearly 14.83 trillion VND (563.71 million USD) in 2024 and an estimated 15.73 trillion VND in 2025, equivalent to around 10% of the market share. In the past five years, AIA Viet Nam has contributed nearly 140 billion VND to charitable activities and sustainable development programmes.
