Sun Life Vietnam Elevates Market Position with Significant Charter Capital Enhancement

8:23:15 AM | 3/31/2024

Following approval from the Ministry of Finance, Sun Life Vietnam Insurance Company Limited (Sun Life Vietnam) increased its charter capital from VND16.480 billion to VND17.944 billion, as per the amended license No. 68/GPĐC14/KDBH. The infusion of an additional VND1.464 billion positions Sun Life Vietnam among the top three life insurance firms with the most substantial charter capital in the Vietnamese market.

The strong development in terms of operational scale, human resources, office systems and service centers to better serve clients in Vietnam is a result of Sun Life’s commitment to long-term investment in Vietnam, where the company has operated since 2013. The increased financial strength along with the solid development foundation built through 160 years of global experience, reinforces the assurance of outstanding capabilities to meet the ever-growing needs of Vietnamese clients in the years to come.

Mr. Luc Nhon Ly, CEO of Sun Life Vietnam said: “With the strength and management experience from Sun Life, coupled with our local strategy, a pioneering brand, and a strong, motivated workforce, we are confident in our ability to create high-quality products and services, and help our clients and the community achieve their health and wealth goals and live brighter lives.”

With solutions focusing on experiences, values, and authentic touchpoints, tailored to the diverse needs of each individual, Sun Life Vietnam is providing financial security and health protection for over 300,000 Clients, including both individuals and companies in Vietnam.

Sun Life Vietnam is a member of Sun Life - a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in 28 of markets worldwide. Sun Life Vietnam is a life insurance company with 100% capital from Sun Life  – A leading international financial service organization with 160 years of experience from Canada. Sun Life is an established industry pioneer and market leader in pensions for both individual and corporate clients in Vietnam. With the strategy Client impact, Sun Life aims to help clients achieve lifetime financial security and live healthier lives. Currently, Sun Life Vietnam has a nationwide network of around 60 branches and customer care centres and supports over 300,000 Clients, offering life, health and pension solutions.

By Vietnam Business Forum