The Hanoitimes - Vietnam’s Ministry of
Finance (MoF) will create favourable conditions for Japanese insurance
businesses to operate in Vietnam.
MoF Minister Vuong Dinh Hue recentlymade the
statement at a meeting with leaders of Sumitomo and Daiichi Life groups in
Tokyo.
According to Minister Hue, Vietnam’s insurance
market opens its doors to foreign investors and holds great potential for
Japanese businesses.
He welcomed Sumitomo group’s decision to
increase its market share in Vietnam and acknowledged Daiichi Life group’s
social and charitable activities in the country.
Leaders from the two groups expressed wishesto
expand their long-term operation in Vietnam and their willingness to share
experiences with the MoF and other relevant authorities in promoting
socialization of the insurance market.
Sumitomo Group has just been licensed to open
its representative office in Vietnam while Daiichi Life has had its subsidiary
company operating in the country after when it purchased Bao Minh CMG Life
Insurance Company in 2007.
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