He made the recommendation while receiving Chairman of the group Richard Li in Hanoi on November 12. The Deputy PM also asked the FWD to consider investing in green G-bonds and join insurance for renewable energy projects.

Deputy Prime Minister Vuong Dinh Hue (R) and Chairman of the Pacific Century Group Richard Li.

Li said his group is keen to invest in Government bonds in Vietnam and has selected the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) as its partner due to the bank’s financial strength and good growth.

The FWD will focus on investment for Vietnamese start-up firms in the coming time, he affirmed.

Deputy PM Hue said the cooperation with Vietcombank - one of the leading commercial banks in Vietnam - will help the FWD expand its scope of operation to reach more Vietnamese customers.

He described the cooperation agreement between Vietcombank and FWD as a good model of the linkage between insurance companies and commercial banks.

The Deputy PM hoped that with great financial potential and management skills, the FWD will offer more insurance products, especially life insurance packages, to Vietnamese people.

Founded in 2013, FWD Insurance has been present in nine markets, with total assets of more than 30 billion USD. It entered Vietnam in June 2016 by acquiring 100 percent of equity in Great Eastern Life Insurance Company Limited.

FWD Vietnam has been licensed to operate in life insurance and health insurance in Vietnam, and has become the 10th largest insurance company in Vietnam.

Pacific Century Group is a private investment group headquartered in Asia. It is active in the arenas of financial services, technology, communication and telecommunication, and real estate.

More than 17 million students have health insurance cards

More than 17 million schoolchildren and students nationwide have joined health insurance so far, accounting for 95.3 percent of the total, according to the Vietnam Social Security (VSS).

Bac Giang is sole province nationwide exceeding development plan of compulsory social insurance

(BGO) – Bac Giang province has nearly 255,500 participants of compulsory social insurance (CSI) as of August 2019, accounting for 100.4 percent of the assigned target in 2019. Now there are about 14.6 million people joining the CSI across the nation, making up 95.1 percent of the set plan.

Unemployment insurance covers nearly 13 million people

Vietnam has recorded continuous expansion of unemployment insurance coverage over the last 10 years with the number of people under this scheme approximating 13 million at present.

Provincial leader urges to timely detect enterprises in debt of labors’ salary and social insurance to protect their rights

(BGO) – On July 2, Vice Chairman of the Bac Giang provincial People’s Committee (PPC) Le Anh Duong chaired a meeting to discuss the solution to protect the labors’ rights in the enterprises which encounter difficulties in production or hire the factory and owe the salary, social insurance and other benefits.

Benefits of electronic health insurance card

  

Source: VNA