Generali Vietnam Life appoints Chung Ba Phuong as CEO

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Generali Vietnam Life Insurance Co., Ltd. last week announced the appointment of Chung Ba Phuong as the new Chief Executive Officer. … [Read more...]

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BUSINESS IN BRIEF 13/6

Vietnam-China forum focuses on cross-border trade A Vietnam-China Comprehensive Economic and Trade Cooperation Forum took place in Hanoi on June 10, aimed at creating opportunities for bilateral trade and lifting the two countries' economic relations to a higher level. Speaking at the forum, Deputy Minister of Industry and Trade Ho Thi Kim Thoa affirmed that Vietnam-China comprehensive cooperation in recent years have seen strong development, contributing to socio-economic development of the … [Read more...]

Manulife Vietnam champions blood donation drive

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Manulife Vietnam, a leading life insurer in Vietnam, today dropped the curtain on its 2013 annual blood donation drive "Give blood - save life" to celebrate the firm's 14th anniversary. Manulife Vietnam, in cooperation with District 7's Red Cross Society, organised the event at District 7's Manulife Plaza with nearly 200 volunteers, including senior management, employees, agents and visitors, donating 201 blood units. The drive will be expanded to encompass key cities of Manulife … [Read more...]

Manulife Vietnam starts 2013 with further growth

Manulife Vietnam, a leading life insurer in Vietnam, reported strong growth in the first quarter of 2013 with total premiums and deposits of VND 512 billion, an increase of 16 per cent over the same period last year. Total assets under the Company s management were VND 7,184 billion, an increase of 29 per cent. Insurance sales through bancassurance also experienced rapid growth compared to the same quarter of 2012. With these achievements, Manulife Vietnam continued its sustainable growth in the … [Read more...]

Manulife Vietnam sees 16% premium increase in Q1

Phuong Thao Total assets under the company's management were nearly VND7.2 trillion, an increase of 29%. Insurance sales through bancassurance also experienced growth compared to the same quarter of 2012. Chung Ba Phuong, CEO of Manulife Vietnam, said in a statement recently released that the enterprise has seen a lot of opportunities to expand further into bancassurance to reach more potential customers besides the established agency channel. In the first quarter, Manulife Vietnam opened … [Read more...]

BUSINESS IN BRIEF 3/4

Minister slams Vinalines for tardy restructuring process Minister of Transport Dinh La Thang has criticised General Director of Vinalines Nguyen Canh Viet for being absent from a meeting on restructuring Ministry of Transport companies, including Vinalines. The minister frankly outlined the problems facing Vietnam National Shipping Lines (Vinalines) and Vietnam Shipbuilding Industry Group (Vinashin) at the meeting. After some Vinalines members said that the firm's general director had gone to … [Read more...]

Manulife Vietnam grows 19pct in sales

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Life insurer Manulife Vietnam reported a positive growth for 2012 with annualized premium equivalent insurance sales of VND718 billion, increasing 19pct over 2011. It total premiums and deposits were at over VND2.1 trillion, a 21pct year-on-year surge. This is strong evidence of the company's commitment to business development and market expansion in Vietnam, Chung Ba Phuong, CEO of Manulife Vietnam, said in a statement released on Tuesday. The insurer focused on developing a … [Read more...]

Manulife Vietnam grows 19% in sales

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Phuong Thao It total premiums and deposits were at over VND2.1 trillion, a 21% year-on-year surge. This is strong evidence of the company's commitment to business development and market expansion in Vietnam, Chung Ba Phuong, CEO of Manulife Vietnam, said in a statement released on Tuesday. The insurer focused on developing a customer-driven agency force as part of its strategy to differentiate itself from competitors. In 2012, Manulife Vietnam had the most MDRT (Million Dollar Round Table) … [Read more...]

Manulife Vietnam launches new education product

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Phuong Thao This product provides children aged 0-12 a savings fund that could be used for their university education and a medical fund to cover unforeseen hospitalization expenses after illnesses or surgery. The product has two plan options, protection plan and savings plan. Both plans are designed with the benefit of guaranteed cash coupons during the university years and financial protection for the family including waiver of premium and family income subsidy against risks of … [Read more...]

BUSINESS IN BRIEF 28/8

Fahasa among Top 500 Asia-Pacific retailers The Ho Chi Minh City Book Distributors Joint Stock Company (Fahasa) has been selected as one of the top ten retailers in Vietnam and among the top 500 Asia-Pacific retailers in 2012, by the Singapore-based Retail Asia magazine. Fahasa has currently 56 bookstores across the country with a turnover of VND1,400 billion in 2011. The company expects to earn VND1,500 billion in 2012. The country's leading book distributor has also been named one of the … [Read more...]

Manulife Vietnam continues strong growth in the second quarter of 2012

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Manulife Vietnam, a top-three life insurer in Vietnam, has reported strong second quarter growth with total premiums and deposits increasing by 29 per cent and the annualiszed premium equivalent (APE) increasing by 26 per cent over the same quarter last year. '"The success of the first quarter inspired all our agency force and employees to strive even harder for strong growth in the second. With our strategy of diversifying our life-insurance product portfolio and providing customer services … [Read more...]

Manulife Vietnam reports strong growth in Q1

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Manulife Vietnam has just reported it had achieved a strong growth in insurance sales in the first quarter of 2012, with a year-on-year increase of 34% in annualized premium equivalent (APE). In addition to the business growth, the insurance service provider saw its agency force expand 31% over the same period last year. Chung Ba Phuong, CEO and General Director of Manulife Vietnam, said: "The results have proved the effectiveness of our consistent development strategies. Continuing the … [Read more...]

Manulife Vietnam to embrace customers

Life insurer Manulife Vietnam has launched "More Benefits, Better Satisfaction," to champion education and health programmes for customers nationwide. In cooperation with reputable education and healthcare partners, Manulife is offering special benefits to customers whose policies are issued from May 1, 2012 to April 30, 2014 and of annual premium fee from VND15 million ($718). These include a 5 per cent discount for platinum healthcare package and special short-term discount at … [Read more...]

Manulife Vietnam appoints new CEO

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Life insurer Manulife Vietnam has announced the appointment of Chung Ba Phuong as Manulife Vietnam's CEO and general director effective April 1, 2012. Prior to his current appointment, Vietnamese-Canadian Phuong was senior vice president of business development at Manulife-Sinochem Life Insurance Company (MSL) in China for three years, responsible for product pricing, marketing and employee benefits. Before joining MSL in 2009, Phuong worked for an international life insurance company for … [Read more...]

Security for Success: Peace of Mind for Parents -Future for Children

Generali Vietnam Life Insurance Co., Ltd recently launched the "Security for Success" insurance product - a financial guarantee for the health of mother and child during the pregnancy period and for the growth journey until maturity through safe, secured and effective financial accumulation solutions. The "Security for Success" product will create an education fund for children, ensure tuition-free education future in any case and financial support in case of bad luck happening to parents, … [Read more...]

Weekly press digest – June 23-29

NA's seventh session wraps up with success The 13th National Assembly wrapped up its seventh session in Ha Noi on June 24. The session was convened when the regional and international situation faced complicated and unexpected developments, with China's illegal placement of the Haiyang Shiyou 981 oil rig within Vietnam's continental shelf and exclusive economic zone (EEZ) threatening national sovereignty and independence, peace, stability, maritime and aviation security, safety and freedom in … [Read more...]

Vietnam students rank third at global energy contest

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Vietnam has won the third prize at the final round of the global energy contest "Go Green in the City 2014" held in Paris from June 17 to 21. The Vietnamese team, consisting of Nguyen Thi Thuy Duong and Dang Huynh Mai Anh who are both enrolled at Ho Chi Minh City Foreign Trade University, received the award on Monday with their idea "Energy Bank." … [Read more...]

PM orders wider application of methadone treatment

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Prime Minister Nguyen Tan Dung has ordered local authorities nationwide to ensure sufficient medical staff, equipment and money to provide more methadone treatment for drug addicts. … [Read more...]