Prudential has been operating in Viet Nam for more than 26 years, having been the first foreign insurer to establish a representative office in the country in 1999. Today, it serves more than 1.3 million customers through Prudential Viet Nam Assurance Private Limited.
Anil Wadhwani, CEO of Prudential plc, said: “I am both excited and confident on the growth potential of Viet Nam. It is one of the most vibrant and fastest growing economies in Asia. We have been serving the Vietnamese consumers for almost three decades by bringing them innovative solutions that help them build financial security and in addressing their health and protection needs. Drawing on our global experience, we are committed to working in partnership with policymakers and regulators to continue our support of the Government’s economic growth agenda, deepening of capital markets, and contribute to the successful development of Viet Nam as an international financial centre.”
Prudential Viet Nam, together with its asset management arm Eastspring Viet Nam, stands as the country’s leading insurer and asset manager. It is actively engaged in supporting the Government’s vision to establish Ho Chi Minh City and Da Nang as international financial centres, contributing technical expertise and advocating for best practices in capital markets. The company has also called for regulatory alignment with international standards, robust risk-based capital frameworks, and product innovation to attract long-term, stable investment and deepen Viet Nam’s capital markets.
Over the years, Prudential has consistently reinvested insurance funds into Viet Nam’s economy through government bonds, corporate bonds, and public equities, supporting the development of the long-term capital market in Viet Nam. It is currently the largest foreign life insurer holding government and corporate bonds, with a portfolio valued at 90,652 billion VND.
In its business results report for the first half of 2025, Prudential Viet Nam recorded total claims expense and other insurance benefits exceeding VND 7,410 billion reflecting an 8.5% year-on-year increase. This amount accounts for over 25% or 1 in 4 of the total claims and benefits of customers in the entire country, which are estimated at approximately 29 trillion VND. It also reported a solvency margin ratio of 206%, reflecting stable capital strength and the capacity for disciplined reinvestment in quality growth.
