HDBank, ACE Life Vietnam Sign Strategic Deal

HCM City Housing Development Joint Stock Bank (HDBank) has signed a strategic cooperation agreement with ACE Life Vietnam on September 9.

 

Under the agreement, ACE Life Vietnam and HDBank will cooperate in developing banking products and services combined with life insurance products to raise benefits for their customers.

 

The two sides will also join hands in implementing investment activities.

 

HDBank will be a partner to mange accounts, provide payment services and collect money from customers of ACE Life Vietnam. Meanwhile, ACE Life Vietnam will help train the bank’s staffs in terms of financial insurance in order to create favorable conditions for developing banking-insurance products.

 

Set up in 1990, HDBank has an operation network in major economic regions across the country.

 

ACE Life Vietnam, meanwhile, is a member of the U.S.’s ACE group, which arrived in Vietnam in 2005. It is providing life insurance services nationwide and has registered steady growth over the past years. (Vietnam Economic Times)