Sun Life Vietnam increases charter capital 01:23 | 02/02/2021
Sun Life Vietnam has become one of the largest insurers in Vietnam
With this capital hike, Sun Life Vietnam has become one of the largest insurers in the country.
According to general director Larry Madge, this fresh source will help the firm strengthen its financial capacity, as well as continue to pursue its goal of helping customers achieve lifetime financial security and enjoy healthier lives.
Moreover, the insurer will lay a focus on developing the best digital experiences for customers, while continuing to expand distribution channels to reach more new customers. The capital hike also demonstrates the firmâs long-term commitment to Vietnamâs burgeoning market.
Amid favorable conditions, bank listings on the rise Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
11/01/2021 13:40 GMT+7
In the context of favorable conditions on the stock market which saw the indices rising sharply over the past eight months, getting listed at the moment will give banks better valuation and make it easier for them to attract greater cash flows,
especially when bank stocks are now a powerful magnet constantly in the spotlight.
Maritime Commercial Joint Stock Bank (MSB) has become the 20th bank to list on a stock exchange and the 13th active on the Hochiminh Stock Exchange.
The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer
KHAM/Reuters
Two of Canada’s major insurers are battling for market share in Vietnam, as Manulife Financial Corp. bulks up its Asian operations with the purchase of Aviva PLC’s Vietnamese division.
On Monday, Manulife announced it has entered into a 16-year exclusive “bancassurance” partnership with Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank). The deal includes Manulife acquiring U.K.-based Aviva’s Vietnam operation, which has a partnership deal with VietinBank.
Update: December, 14/2020 - 08:53 |
At its annual general meeting this year, VPBank, the parent company, announced plans to sell stakes in FE Credit to foreign investors. Photo tapchitaichinh.vn
Compiled by Thiên Lý
A spokesperson for FE Credit Consumer Finance Company said the Covid-19 pandemic had somewhat affected the company’s business but the price of its stock would not change thanks to its advantages and the market’s great potential.
He said the deal would be completed in 2021.
At its annual general meeting this year, VPBank, the parent company, announced plans to sell stakes in FE Credit to foreign investors.