Prudential plc CEO reinforces long-term commitment to VN

Prudential plc CEO reinforces long-term commitment to VN

Prudential has been operating in Việt Nam for more than 26 years, having been the first foreign insurer to establish a representative office in the country in 1999.

Deputy Prime Minister Hồ Đức Phớc (seated, right) during a meeting with Prudential representative in Hà Nội. — VNA/VNS Photo

Prudential plc (“Prudential”) Chief Executive Officer Anil Wadhwani met with Việt Nam’s Deputy Prime Minister Hồ Đức Phớc this week and emphasised Việt Nam’s strategic importance to the leading insurer in Asia and Africa, as well as its long-term commitment to supporting the sustainable growth and development of the insurance market.

Prudential has been operating in Việt Nam for more than 26 years, having been the first foreign insurer to establish a representative office in the country in 1999. Today, it serves more than 1.3 million customers through Prudential Việt Nam Assurance Private Limited.

Anil Wadhwani, CEO of Prudential plc, said: “I am both excited and confident about the growth potential of Việt Nam. It is one of the most vibrant and fastest-growing economies in Asia. We have been serving Vietnamese consumers for almost three decades by bringing them innovative solutions that help them build financial security and address their health and protection needs. Drawing on our global experience, we are committed to working in partnership with policymakers and regulators to continue our support of the Government’s economic growth agenda, the deepening of capital markets, and to contribute to the successful development of Việt Nam as an international financial centre.”

Prudential Việt Nam, together with its asset management arm Eastspring Việt Nam, stands as the country’s leading insurer and asset manager. It is actively engaged in supporting the Government’s vision to establish Hồ Chí Minh City and Đà Nẵng as international financial centres, contributing technical expertise and advocating best practices in capital markets. The company has also called for regulatory alignment with international standards, robust risk-based capital frameworks, and product innovation to attract long-term, stable investment and deepen Việt Nam’s capital markets.

Over the years, Prudential has consistently reinvested insurance funds into Việt Nam’s economy through government bonds, corporate bonds, and public equities, supporting the development of the country’s long-term capital market. It is currently the largest foreign life insurer holding government and corporate bonds, with a portfolio valued at 90,652 billion VNĐ.

In its business results report for the first half of 2025, Prudential Việt Nam recorded total claims expenses and other insurance benefits exceeding VNĐ7.410 trillion, reflecting an 8.5 per cent year-on-year increase. This amount accounts for over 25 per cent, or one in four, of the total claims and benefits paid to customers nationwide, estimated at approximately VNĐ29 trillion . The company also reported a solvency margin ratio of 206 per cent, reflecting stable capital strength and the capacity for disciplined reinvestment in quality growth.

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