Home Finance

Hanwha Life reports 60 per cent growth

Jul 12th at 11:30
12-07-2017 11:30:27+07:00

Hanwha Life reports 60 per cent growth

Hanwha Life Vietnam has reported almost 60 per cent growth year-on-year in premium income to VND653 billion (US$13.25 million) in the first half of this year.

 

Back Jong Kook, chairman of the members council and general director of the company, attributed the strong growth to the expansion of the Hanwha’s network across the country and its focus on improving customer service and financial consultancy.

It opened 17 customer service centres in the period, raising the total number to more than 94, and plans to have 100 by the end of this year.

Its parent, Hanwha Group, is among the 10 top conglomerates in South Korea.

Hanwha Group plans to invest in more sectors in Viet Nam, including finance, energy, real estate and office for lease, Back said.

bizhub

MOST READ

NEWS SAME CATEGORY

Foreign firms push consumer lending
FINANCE Jul 12th at 10:23

Foreign firms push consumer lending

Consumer lending in Vietnam has prospered in recent years thanks, in large part, to the lending expertise of foreign firms, which has helped to propel the sector...

VIR to hold roundtable talk on consumer finance market
FINANCE Jul 12th at 10:21

VIR to hold roundtable talk on consumer finance market

Vietnam Investment Review, the official press release of the Ministry of Planning and Investment (MPI), and E.Life will co-host a roundtable talk about...

Active bank cards in HCMC rise to 11m
FINANCE Jul 12th at 09:15

Active bank cards in HCMC rise to 11m

There were some 11 million active bank cards in HCM City until the end of June, up 3 per cent from December last year, according to a report from the State Bank of...

APEC members discuss sustainable finance
FINANCE Jul 12th at 09:09

APEC members discuss sustainable finance

The international community will face many challenges in implementing finance in the future, necessitating a solution that balances the goals of finance...

SBV launches new corebanking system
FINANCE Jul 12th at 08:12

SBV launches new corebanking system

The State Bank of Viet Nam (SBV) and FPT Information Systems (FPT IS) launched their corebanking, accounting, budgeting application and system integration on...

Agribank’s assets exceed VND1 quadrillion
FINANCE Jul 12th at 08:10

Agribank’s assets exceed VND1 quadrillion

After BIDV, Agribank is the second bank to be named on the country’s list of banks with total assets exceeding the threshold of VND1 quadrillion (US$43.86 billion).

Banks follow SBV’s cue, announce rate cuts
FINANCE Jul 12th at 08:08

Banks follow SBV’s cue, announce rate cuts

Following the State Bank of Viet Nam (SBV)’s decision to cut the annual maximum short-term interest rate for dong loans by 0.5 percentage points, several banks have...

Hà Nội tax revenue up 18%
FINANCE Jul 11th at 10:05

Hà Nội tax revenue up 18%

Ha Noi collected over VND93.9 trillion (US$4.1 billion) in taxes during the first half of this year, completing 50.1 per cent of its annual target and 18 per cent...

Vietnam's central bank defends surprise rate cuts amid credit worries
FINANCE Jul 11th at 09:45

Vietnam's central bank defends surprise rate cuts amid credit worries

Vietnam's central bank on Monday defended its surprise decision to cut interest rates despite International Monetary Fund advice to keep monetary policy on hold...

Vietcombank achieves 87.5% of annual pre-tax profit target
FINANCE Jul 11th at 09:38

Vietcombank achieves 87.5% of annual pre-tax profit target

Vietcombank has achieved 87.5 per cent of its pre-tax profit target of VNĐ9.2 trillion (U$$403.5 million) for this year by the end of June.

Read More

Bank stocks

Insurance stocks

MOST READ

Back To Top