FWD Viet Nam Life Insurance Company (FWD) has officially launched its new representative office in the central city – the third of its kind after Ha Noi and HCM City – to provide better service to the market in central Viet Nam. Anantharaman Sridharan, general director of FWD Viet Nam, said Da Nang is seen as a fast-growing market in central Viet Nam, and the appearance of the company in the city marked a milestone in FWD’s distribution strategy to make insurance more accessible for people throughout the country. He said FWD Viet Nam, which debuted in Viet Nam last year, has listed in top 10 insurancers in Viet Nam by 2017. Sridharan said: “The office opening in Da Nang will not only serve our rapid business growth but also meet the life insurance needs of the people here. Now besides Ha Noi and HCM City, people in Da Nang will be able to get insurance through the simple, easy-to-understand and innovative products of FWD.” The company, the insurance business arm of investment Pacific Century Swiss Re Group, spans Hong Kong, Macau, Thailand, Indonesia, the Philippines, Singapore and Viet Nam, offering life and medical insurance, general insurance and employee benefits across a number of its markets. FWD plans to open more offices in 2018 to support its continued business growth in Viet Nam. Established in Asia in 2013, FWD has total assets of US$22 billion with a revenue growth of 40 per cent in 2015-16, and the company has invested… [Read full story]
Manulife Vietnam just held a grand opening for its new office at Binh Duong Commercial Centre, 1 Tran Hung Dao Street, Binh Duong province. The new facility will accommodate market expansion and provide better service support for customers in Binh Duong province. To mark the occasion, the company granted 40 scholarships worth VND20 million to underprivileged students. Since opening its door as the first 100 percent foreign-owned life insurer on June 12, 1999, Manulife Vietnam has successfully established itself as a company of choice in Vietnam's thriving insurance market. The event demonstrates Manulife's commitment to development in this potential market…... [read more]
FedEx Trade Networks (FTN), a subsidiary of the US-based FedEx Corp and a growing international freight forwarder, has opened a new office in HCM City.This was revealed by the company to the Dau Tu (Investment) newspaper. Located in Tan Binh District, the new facility will allow businesses in Viet Nam to take advantage of FedEx freight forwarding solutions and services to optimise their supply chains.Udo Lange, the company’s Vice President and CEO, said the opening of the new office marked an important turning point for the company to continue to expand its scale and provide forwarding services to its customers.He…... [read more]
The Korea International Trade Association (KITA) on September 7 inaugurated its representative office in Ho Chi Minh City, aiming to further develop economic cooperation between Vietnam and the Republic of Korea (RoK). The office will also help to expand trade cooperation between the RoK and the Greater Mekong Sub-region countries such as Cambodia, Laos, Myanmar and Thailand. Addressing the opening ceremony, KITA Chairman Sa Kong-il said that Vietnam's strong economic growth over the past five years and a population of almost 100 million people would offer potential for market development. Hong Sung-hae, head representative of KITA in Ho Chi Minh…... [read more]
VNGOVNet - The construction of the Thermoelectric Plant Vũng Áng I was started on December 23 in Kỳ Lợi Commune, Kỳ Anh District, Hà Tĩnh Province. This is Vietnam's biggest coal-fueled thermoelectric plant invested by the Vietnam Machinery Installation Corporation (LILAMA). PM Nguyễn Tấn Dũng attended the groundbreaking ceremony and pressed the button to launch the Plant's construction.... [read more]
The grand opening of District 7 Branch was celebrated in the presence of Bill Winters, Group Chief Executive of Standard Chartered PLC, on the occasion of his second official visit to Vietnam, Nirukt Sapru, the Bank’s CEO for Vietnam and ASEAN and South Asia Cluster Markets, members of Standard Chartered Vietnam’s Management.District 7 Branch, located on the ground floor of Mapletree Business Centre building, 1060 Nguyen Van Linh Street, provides a full suite of banking products and services for retail and corporate banking clients, including Deposit, Saving and Current Accounts, Loan products, Insurance, Wealth Management, Priority Banking, Debit card and…... [read more]
