4:44:46 PM | 4/19/2024
Shinhan Life Vietnam has officially released its Financial Report for the year 2023, showcasing positive growth results with a revenue of 391 billion VND, a year-on-year increase of 73%, and a high minimum payout ratio of 10,721%.
This affirms the company's commitment to sustainable development, offering a diverse product portfolio and prioritizing customer rights as the top priority.
After the two years of operation, Shinhan Life Vietnam is providing a relatively diverse product portfolio, offering comprehensive, flexible insurance solutions that meet various needs of protection and wealth accumlation for Vietnamese customers.
In the past year 2023, despite market fluctuations, the company continued to developed and achieved positive growth, reaching total assets of 2,380 billion VND.
In 2023, Shinhan Life Vietnam made significant investments in technology to automate the distribution management system and build an ecosystem of digital applications (mega app) for business operations. This optimization enhances operational efficiency, data security, and improves customer service experience.
In addition to business activities, Shinhan Life Vietnam is committed to continuing its "Bring Wonders to Life" journey through practical charity programs and community initiatives. After two years of operation, Shinhan Life has contributed over 2 billion VND to charitable activities and community sharing, aiming to integrate business with fulfilling social responsibilities. Apart from regular activities such as supporting treament fees for cancer patients or providing free meals for patients and their families, the company also focuses on investment programs for education, aiming to provide opportunities and access to knowledge for children and adolescents, towards sustainable development.
In 2024, Shinhan Life Vietnam will continue to expand its business activities, strengthen distribution channels, and introduce insurance products with reasonable costs, accompanying and providing Vietnamese customers with access to comprehensive and suitable financial protection solutions.
T.N (Vietnam Business Forum)
Vietnamese
