AIA insurance group commits long-term operation in Vietnam

Friday, 2015-02-06 10:49:47
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NA Vice Chairwoman Nguyen Thi Kim Ngan and AIA President and CEO Mark Edward Tucker
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NDO/VNA - The AIA life insurance group will work long-term in Vietnam and hopes to be facilitated to expand its products, President and Executive Director Mark Edward Tucker said.

Tucker made the remarks while meeting with Vice Chairwoman of the National Assembly Nguyen Thi Kim Ngan in Hanoi on February 5.

The Vietnamese legislator said she welcomed the AIA’s activities to support underprivileged, disabled children, orphans, and flood victims, as well as its business operations meeting financial security and accumulation purposes of organisations and individuals.

She underlined Vietnam’s policy of opening the insurance market in line with international commitments whilst encouraging various operational forms of insurance businesses both at home and abroad.

In the coming time, the State-run insurance agency will improve policies and procedures in the field to help businesses endure difficulties and secure sustainable market development.

She suggested the AIA continue to strengthen legal business activities and help Vietnam improve the legal framework for the insurance business environment via exchanging information on business practices and international standards.