Sun Life Vietnam raises charter capital, reaffirming long-term commitment

Sun Life Vietnam raises charter capital, reaffirming long-term commitment

Sun Life Vietnam Life Insurance Company Limited has received approval from the Ministry of Finance to increase its charter capital from VNĐ18.4 trillion to VND18.9 trillion according to amended license number 68/GPDC 16/KDBH, underscoring the group’s long-term commitment to the Vietnamese market and confidence in its growth potential.

Sun Life Vietnam Life Insurance Company Limited increases charter capital, underscoring the group’s long-term commitment to the Vietnamese market and confidence in its growth potential. — Photo courtesy of Sun Life Vietnam

According to the company, the additional capital will be allocated to accelerating digital transformation, strengthening technology infrastructure, and enhancing customer experience. These initiatives aim to improve accessibility and efficiency in delivering insurance and financial solutions to customers.

Lay Hoon Tan, chief executive officer of Sun Life Vietnam, said the capital increase reflects the company’s continued investment in Việt Nam and its focus on sustainable growth through innovation and customer-centric solutions.

In 2025, Sun Life maintained its leading position in Việt Nam’s voluntary pension insurance market, with total assets under management of the Voluntary Pension Fund exceeding VNĐ4.48 trillion ($171 million).

During the year, the company launched seven new products, including universal life, term life, and next-generation health and protection solutions, expanding its portfolio to better meet customers’ evolving financial protection needs.

Alongside its business activities, Sun Life Vietnam continued to demonstrate its commitment to standing by customers by providing timely financial support, paying out more than VNĐ608 billion in insurance benefits in 2025. In addition, the company contributed over VNĐ2.2 billion ($84,000) through the Vietnam Red Cross to support families affected by natural disasters and floods during the past year.

In 2013, Sun Life entered the Vietnamese market through the PVI Sun Life Life Insurance joint venture. Since November 2016, it has become a wholly owned subsidiary of Sun Life, operating under the brand Sun Life Vietnam. With the goal of helping customers achieve lifelong financial security and enjoy a healthier life, Sun Life Vietnam is committed to long-term, safe, and effective investment to meet all customer needs at every stage of life.

Currently in Việt Nam, Sun Life owns a business network comprising 25 customer service centres and business offices across the northern central, and southern regions, and over 3,000 professional financial advisors ready to provide customers with the best quality service. 

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