Introduced collectively by a shared set of values, with AIA’s Goal of serving to folks “dwell more healthy, longer, higher lives” and VPBank’s mission to thrive “for a affluent Vietnam”, the businesses have developed a powerful working relationship because the preliminary partnership was signed in 2017.
Wayne Besant, AIA Vietnam CEO (R), and Nguyen Duc Vinh, VP Financial institution CEO, signed an settlement to increase their strategic partnership. Picture by AIA Vietnam
The partnership will proceed to supply prospects with entry to holistic monetary services, together with market main life insurance coverage and complete well being care applications. Additional modern merchandise and a powerful focus in enhancing psychological, bodily and monetary well-being amongst Vietnamese will likely be a core focus of the improved partnership throughout the prolonged time period.
VPBank and AIA Vietnam are two of the main monetary establishments in banking and insurance coverage industries. Because the settlement on unique distribution of insurance coverage was initially signed in 2017, VPBank has been among the many banks with the very best gross sales of life insurance coverage. At the moment, the financial institution ranks third out there. To date, AIA life insurance coverage has been deployed in additional than 250 branches of the financial institution.
Moreover, VPBank is the main financial institution in Vietnam in client finance and voted the main digital financial institution by home and worldwide organizations for a number of years. VPBank acquired the Digital CX Award by Digital Banker, successful the Finest Cell Banking Initiatives class in 2021.
AIA is the biggest impartial publicly listed pan-Asian life insurance coverage group with a powerful and rising presence in Vietnam. Additionally it is the primary and solely life insurer in Vietnam to win the Asian Expertise Excellence Award in 2021.
Throughout the pandemic the 2 companions offered monetary help to prospects impacted by Covid, and in addition supported the nation’s focus in proactively managing the pandemic.
The launch of economic options to AIA and VP Financial institution goal shoppers. Picture by AIA Vietnam
“The extension of the unique partnership between VPBank and AIA Vietnam will enable AIA to proceed to reinforce the safety, long-term financial savings options and well being and wellness wants of extra households in Vietnam, enabling them to dwell more healthy, longer, higher lives,” Wayne Besant, AIA Vietnam CEO, stated.
Nguyen Duc Vinh, VPBank CEO, shared: “Along with enhancing the service proposition to our prospects, we’re excited by means of the extension of our partnership with AIA to convey additional modern services to the market, offering extra monetary options to our prospects for his or her future well-being.”
AIA Vietnam is a one hundred pc foreign-owned life insurer and a member of AIA Group. AIA Group Restricted and its subsidiaries comprise the biggest impartial publicly listed pan-Asian life insurance coverage group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Australia, Brunei, Cambodia, Hong Kong SAR, Indonesia, Macau SAR, Mainland China, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, South Korea, Sri Lanka, Taiwan (China), Thailand, Vietnam, and a 49 p.c three way partnership in India.
AIA Vietnam formally began operations in Vietnam in February 2000. AIA Vietnam has established a community of greater than 200 workplaces throughout 53 provinces and cities nationwide and gives greater than 1,500,000 insurance policies throughout the nation.
Established in 1993, VPBank is at the moment considered one of greatest personal banks in Vietnam. The financial institution operates in large ranges of enterprise together with retail banking, company banking, wealth administration and client finance. Because the finish of 2021, complete belongings held by VPBank amounted to just about VND548 trillion, rising by 30.7 p.c year-on-year.