CEO Kim said that the Samsung Group is not only known for its electronic and mechanical products but also has a strong presence in finance and insurance, noting that Samsung Life currently has the largest life insurance market share in the ROK at 30%.
He added that the company is currently looking for a financial partner in Vietnam to expand its operation in the country, and expressed his interest in the equitisation plan of Bao Viet Life, a subsidiary of insurance company Bao Viet Group.
Deputy PM Vu Van Ninh said he welcomed the participation of Samsung Life in the re-organisation of enterprises under Bao Viet Group as well as other credit institutions currently under restructuring in Vietnam.
He also suggested Samsung Life take part in agricultural insurance, an area with great potential since 70% of the Vietnamese population are working in the agricultural sector, and called on foreign companies to invest in Vietnam’s key projects through the purchase of government bonds.
