Increasing charter capital, an insurance company rose to the third position in Vietnam

DNVN - The Ministry of Finance has just approved Sun Life Vietnam Insurance Company Limited (Sun Life Vietnam) to increase its charter capital from VND 16,480 billion to VND 17,944 billion.

With the additional capital of VND 1,464 billion this time, Sun Life Vietnam becomes one of the three insurance companies with the largest charter capital operating in Vietnam.

The strong development in terms of operational scale, human resources, office system, service centers to better serve customers in Vietnam... is the result of the long-term investment commitment of Sun Life Group, which has been operating in Vietnam since 2013. This increased financial strength, together with the group's 160-year solid development foundation in countries around the world, further strengthens the assurance of superior capacity to meet the increasing needs of Vietnamese customers in the coming years.

Sun Life Vietnam's charter capital was increased according to adjusted license No. 68/GPDC14/KDBH.

Mr. Luc Nhon Ly, General Director of Sun Life Vietnam said: “With the inheritance of strength and management experience from the group, along with a suitable local strategy, a pioneering brand, with a strong and dynamic staff, we are increasingly confident in bringing many new ideas to create quality products and services, positively inspiring customers and the community towards a brighter life”.

With solutions that focus on experiences and authentic touchpoints, values that suit the different needs of each person, Sun Life Vietnam is gradually protecting the financial security and health of more than 300,000 customers, including individuals and businesses in Vietnam.

Sun Life Vietnam is a subsidiary of Sun Life Group - an international financial services organization providing diversified insurance and asset management solutions to individuals and businesses headquartered in Toronto, Canada and operating in markets around the world, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda.

As of December 31, 2023, Sun Life Group managed total assets of more than CAD 1,400 billion (over USD 1,030 billion).

Phan Minh

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