During his recent visit to Vietnam, Mr. Anil Wadhwani, General Director of Prudential plc (“Prudential"), had a meeting and working session with Deputy Prime Minister Ho Duc Phoc, emphasizing Vietnam's strategic role for Prudential Group, as well as long-term commitment to accompanying the sustainable development of the Vietnamese insurance market.
With more than 26 years of operation in the Vietnamese market, Prudential is the first foreign insurance company to establish a representative office in Vietnam in 1999. Currently, Prudential Vietnam is serving more than 1.3 million customers, providing financial and health protection solutions, easily accessible and suitable to customer needs.
Mr. Anil Wadhwani, General Director of Prudential Group, shared: "I feel excited and strongly believe in the potential of the Vietnamese market - one of the dynamic and rapidly growing economies in Asia. For nearly three decades, we have accompanied millions of Vietnamese customers through innovative solutions, helping them build financial platforms as well as meet health and protection needs. With international experience, Prudential is committed to closely cooperating with policymakers and regulators to continue accompanying the Government's economic growth programs, promoting capital market development and contributing to the process of building Vietnam into a successful international financial center.
Prudential Vietnam, together with fund management company Eastspring Vietnam, is currently the leading insurance and asset management company in Vietnam. The business is actively accompanying the Government's vision in building Ho Chi Minh City and Da Nang into international financial centers, through contributing technical expertise and promoting the best practices in capital market development. Prudential has also made many recommendations to promote harmony in implementing the legal framework according to international standards, strengthening the risk-based capital framework, as well as innovating products to attract long-term capital flows, stabilize and deepen the Vietnamese capital market.
Over the years, Prudential has continuously reinvested insurance capital into the Vietnamese economy through government bonds, corporate bonds and listed shares, thereby contributing to the development of the country's long-term capital market. Currently, Prudential is a foreign life insurance company holding the largest amount of government bonds and corporate bonds, with an investment portfolio of 90,652 billion VND.
According to the business results report for the first 6 months of 2025, Prudential Vietnam recorded total compensation and insurance benefit payment expenses exceeding 7,410 billion VND, an increase of 8.5% compared to the same period last year. This figure accounts for more than 25%, equivalent to 1/4 of the total value of insurance benefit payments in the entire market, estimated at about 29,000 billion VND. The enterprise also maintains a solvency margin of 206%, reflecting a strong financial foundation and disciplined reinvestment capacity, towards quality and sustainable growth.
