Prudential plc (“Prudential”) Chief Executive Officer, Anil Wadhwani, met with Vietnam’s Deputy Prime Minister Ho Duc Phoc this week and emphasised Vietnam’s strategic importance to the leading insurer in Asia and Africa and its long-term commitment to supporting the sustainable growth and development of the insurance market.
Prudential has been operating in Vietnam 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 Vietnam Assurance Private Limited.
Anil Wadhwani, CEO of Prudential plc, said: “I am both excited and confident on the growth potential of Vietnam. It is one of the most vibrant and fastest growing economies in Asia. We have been serving the Vietnamese consumers for almost three decades by bringing them innovative solutions that help them build financial security and in addressing 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, deepening of capital markets, and contribute to the successful development of Vietnam as an international financial centre.”
The Deputy Prime Minister expressed his expectation that Prudential will continue to expand its business operations in Vietnam, as well as cooperate with, support, and accompany the Government of Vietnam in the time ahead.
Prudential Vietnam, together with its asset management arm Eastspring Vietnam, stands as the country’s leading insurer and asset manager. It is actively engaged in supporting the Government’s vision to establish Ho Chi Minh City and Da Nang as international financial centres, contributing technical expertise and advocating for 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 Vietnam’s capital markets.
Over the years, Prudential has consistently reinvested insurance funds into Vietnam’s economy through government bonds, corporate bonds, and public equities, supporting the development of the long-term capital market in Vietnam. It is currently the largest foreign life insurer holding government and corporate bonds, with a portfolio valued at VND 90,652 billion.
Deputy Prime Minister Ho Duc Phoc and other delegates at the reception
In its business results report for the first half of 2025, Prudential Vietnam recorded total claims expense and other insurance benefits exceeding VND 7,410 billion reflecting an 8.5% year-on-year increase. This amount accounts for over 25% or 1 in 4 of the total claims and benefits of customers in the entire country, which are estimated at approximately VND 29,000 billion. It also reported a solvency margin ratio of 206%, reflecting stable capital strength and the capacity for disciplined reinvestment in quality growth.
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Source: Vietnam Insider